The original version of this article first appeared in The Business Times. International Women’s Day (IWD) will be celebrated this week, which gives us an opportunity to re-examine the merits of advocating for greater inclusivity at workplaces – and in particular, gender diversity. The data suggest that gender diversity is more than a feel-good factor. Capitalism is put to work when companies choose to make inclusivity a priority. Numerous studies show that more female representation in the leadership ranks is tied to stronger profitability. To add to that, if efforts continue to be made to narrow the pay gap on the gender front, more female investors — who are found to be more likely than men to care about environmental, social, and governance (ESG) risks — can be empowered to vote more decisively against ESG risks with their money. Given this, an argument can be made that this situation creates...