This report by Paradigm reveals that despite a challenging environment marked by anti-diversity activism and backlash, more companies are formalising their diversity, equity, and inclusion (DEI) strategies, investing in dedicated resources, and integrating inclusion into their core values and expected leadership competencies. The business benefits of continuing DEI efforts are well established, and changing workforce demographics make it clear that attracting employees from a wide range of backgrounds and building cultures that can unlock performance aren’t just nice to haves – they are critical to building a future-ready organisation. The report offers key observations and recommendations on how organisations can navigate the current climate and prepare for the future, underscoring the importance of acknowledging this new reality and changing the narrative, using data to tell a more effective story, and moving away from siloed efforts to an embedded organisational focus on creating cultures that work for everyone.