2025 research from Catalyst and the Meltzer Center for Diversity, Inclusion, and Belonging confirms that organizations are sustaining DEI values while adjusting execution to mitigate legal and political risk.6 This approach allows companies to remain compliant while preserving practices that leadership and investors view as essential to operational effectiveness.
DEI in life sciences: A strategic imperative
The business case for DEI remains robust, particularly within research-driven industries such as pharmaceutical development. Stearns mentioned a substantial body of evidence consistently linking workforce diversity and inclusive cultures to stronger financial performance, increased innovation, and improved risk management.
Key findings include:
- An analysis of 1,641 US-based public companies (2016–2022) found that higher racial and ethnic diversity in management was positively correlated with improved financial performance across multiple key indicators7
- Companies in the top quartile for ethnic and cultural diversity were 33% more likely to outperform peers in the bottom quartile4,8
- Deloitte research shows that organizations with inclusive cultures are six times more likely to be innovative and agile; eight times more likely to achieve better business results; and twice as likely to meet or exceed financial targets9
- Longitudinal data from the Human Rights Campaign demonstrates that LGBTQ+ inclusive workplace practices are associated with stronger profitability, productivity, and market stability;10 Companies that fail to demonstrate authentic, consistent support for workplace inclusion face consequences that include loss of consumer trust, downturns in sales, and reputational harm11
- A joint study by Catalyst and the Meltzer Center for Diversity, Inclusion, and Belonging found that companies that retreat from DEI face heightened risk across four dimensions: financial performance, legal exposure, reputation, and talent retention5,6
For life sciences companies, these outcomes translate into competitive advantage. Drug discovery and development depend on complex problem-solving, cross-disciplinary collaboration, and an understanding of diverse patient populations. Diverse scientific teams can generate broader perspectives, more innovative solutions, and stronger commercial outcomes that improve access and better meet patient needs cross-culturally.
As Gorsky articulated, “Extensive research shows that companies that prioritize diversity and inclusion are more successful, profitable, and innovative.”4
Clinical trial diversity: Where corporate DEI becomes operational
Clinical trial diversity is no longer a peripheral consideration. Regulators, clinicians, payers, and patients increasingly expect trial populations to reflect the real-world demographics of those who will ultimately use approved therapies, making organizational commitment to inclusion a prerequisite for equitable research practices. Despite this, clinical operations professionals are concerned that potential policy rollbacks could affect their organization’s ability to meet diversity goals.12
Achieving representative enrollment requires more than operational adjustments at the trial level. Evidence shows that clinical trial diversity is closely tied to broader organizational commitments to diversity, equity, and inclusion. Industry guidance from organizations such as the FDA, ICMJE, and pharmaceutical trade associations has reinforced the importance of workforce diversity and inclusive governance in setting internal policies related to inclusive clinical trial design and recruitment.13 Companies with diverse leadership teams and inclusive cultures consistently outperform peers in innovation and execution, creating the structural conditions necessary to support equitable clinical research4,8,9 by formalizing leadership accountability, embedding inclusion into research strategy, and establishing measurement frameworks across business units.
Major pharmaceutical companies have translated corporate-level DEI commitments into concrete clinical trial diversity initiatives. Examples include expanding site selection into diverse metropolitan communities,14 investing in research staff training,15 and funding clinical research infrastructure at Historically Black Medical Schools.16 These efforts reflect how corporate inclusion strategies are operationalized through clinical development.
Workforce diversity, trust, and clinical trial participation
Workforce diversity within pharmaceutical companies plays a critical role in building patient trust, an essential factor in recruitment and retention.17 Research shows that the diversity of study teams is directly associated with the diversity of participants enrolled at trial sites,18 and that communities are more likely to engage with research teams that reflect their own backgrounds.19 Trust is further reinforced through sustained engagement and transparency around inclusive policies and practices—practices that are also paramount in the realm of corporate DEI.
As political rhetoric and policy debates intensify around DEI, there is growing concern that erosion of trust could undermine progress in clinical research participation, particularly among Hispanic and sexual and gender-diverse populations.11,20 In this context, corporate DEI commitments serve as both a stabilizing force and an operational enabler, ensuring that inclusive research initiatives remain credible, sustainable, and effective.
What the evidence shows
Together, the evidence supports three core conclusions:
- corporate DEI programs establish the leadership and accountability structures necessary for meaningful clinical trial diversity that delivers greater access to patients
- clinical trial diversity initiatives are often direct expressions of corporate inclusion strategies
- regulatory and industry expectations align corporate DEI commitments with measurable inclusive research outcomes
From values to infrastructure: DEI as a foundation for scientific and clinical excellence
Looking ahead, the future of corporate DEI remains uncertain amid intensifying legal and political pressure. What is certain is the unrelenting push against DEI. When asked, “If you had a crystal ball, how do you see corporate DEI evolving over the next few years?” Stearns responded, “That is a really, really tough one because…there are going to be lawsuits. There are already lawsuits…given the enormity of the stakes I think it's really just really hard to predict.” Stearns continued on to mention, “…Given the…very clear and obvious and collective business case for DEI that I keep seeing (we see it from shareholders, investors, boards, and CEOs), my hope would be that companies would stand by the business case.”
One of the clearest indicators of DEI’s staying power across the pharmaceutical industry is board behavior. Proxy statements from major companies continue to defend DEI initiatives and urge shareholders to reject anti-DEI proposals, reflecting a clear recognition of their business value. As Stearns emphasized, “DEI initiatives are entirely legal as long as they're implemented within the confines of the law,” a standard most corporations are already meeting.
In that context, Merck’s framing may offer a blueprint: positioning diversity and inclusion not as ideological, but as a strategic business decision rooted in evidence, performance and trust. For life sciences leaders, the challenge is no longer whether DEI belongs in the enterprise, but how clearly it is articulated and integrated as a driver of scientific rigor, operational excellence, and patient trust. In today’s environment, DEI is not a statement of values alone—it is a strategic infrastructure for innovation, trust, and inclusive science.
Rebecca Johnson, PhD, is a clinical research recruitment and inclusion executive and strategist. In her most recent role, Johnson led the clinical trial recruitment and diversity, equity, and inclusion functions at SPARC. Prior to that, she held several leadership positions within IQVIA’s patient recruitment team, including advising pharmaceutical sponsor teams with their efforts to achieve more diverse trial populations. Johnson has a master’s in public health and a PhD in health sciences. Her doctoral dissertation research focused on increasing access to clinical trials for historically underrepresented populations.
References
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