We all belong
in property

Definition of Diversity, Equity & Inclusion

Diversity, equity, and inclusion (DEI) is a framework that promotes the fair treatment, representation, and participation of all individuals, particularly those from underrepresented groups. It aims to create environments where everyone feels valued, respected, and has equal access to opportunities.

Diversity encompasses a wide range of characteristics, such as age, race, nationality, colour, gender, sexuality, disability, ethnicity, cultural background, religion, political beliefs, socioeconomic background.

Vision Statement

Uniting the property industry behind diversity, equity, and inclusion for lasting change.

Goals & Objectives

  1. Create awareness of the issues around diversity and inclusion in the property industry and the importance of addressing them
  2. Measure and report on diversity and inclusion in the industry, our progress towards improving it and our successes
  3. Implement a work programme to increase diversity and inclusion in Property Council, its members and the wider industry.

Focus Areas

The current objectives of the Property Council Diversity & Inclusion Committee are to:

By working together, we can create lasting change and a dynamic and future-focused property industry.

Why make DEI a strategic priority?

Ethnically diverse boards boost business success
Companies with the most ethnically diverse boards are 43% more likely to experience higher profits.
Strong diversity pays
Top-quartile gender diversity correlates with 27% higher economic profit, and ethnic diversity correlates with 33% higher EBIT.
The most diverse companies win more often
Companies in the top quartiles for ethnic/racial diversity are 35% more likely to outperform national industry medians in profitability.
Inclusion fuels performance
Inclusive organisations have higher cash flow per employee.
Diversity sharpens decision-making
Diverse teams make 87% better decisions, twice as fast, with 60% improved outcomes.

Data sources: Delivering Through Diversity, McKinsey, 2018; Diversity Matters Even More, McKinsey, 2023; Why Diversity Matters, McKinsey; Why Diversity and Inclusion Has Become a Business Priority, Josh Berson, 2015; Hacking Diversity With Inclusive Decision-Making Cloverpop, 2017.

Diversity & Inclusion
Committee

Join the Movement

We know that the best discussions, thinking and productivity occurs when there is diversity. Many high-profile conferences, events and committees lack gender balance, despite there often being no shortage of expert women.

Property Council is committed to ensuring the women in our industry are visible and included. To support this, we are implementing a 40:40:20 Pledge at all Property Council events, where we aim to have a range of speakers who are 40% male, 40% female and 20% either across local and national events, both as attendees and speakers.

We will also be expanding this pledge to include Property Council executives and encouraging Property Council members to adopt similar pledges for their own organisations, including in recruitment, retention, management and governance.

D&I Toolkit

Gender Diversity Report 2021

Key Findings

As a total, the PCNZ working population is just within balance (balance is defined as having at least 40% of employees of each gender), with 59% male and 41% female.

Women are under-represented in management, with only 20% of KMP positions held by women.

Gender diversity at non-management levels is far more balanced, highlighting a “power gap”

Females at “property companies that supply to property investment companies” make up only 36% of the workforce, highlighting a “participation gap”.

Contact Us

Help champion the
New Zealand property industry

Property Council has several dynamic and engaged member taskforces and committees, which provide insight and support our team with a range of initiatives. These groups are ever-changing and are open to all members.

We also have numerous opportunities for sponsors to partner with us to produce and support local events and initiatives. Please contact Sara-Jane for further information:

Sara-Jane Evans

Head of Membership & Commercial Services
sj@propertynz.co.nz