This report discusses the limitations of current diversity management and suggests ways to improve diversity and inclusive cultures in organizations. The finance function plays a crucial role in gathering relevant data and developing diversity strategies. The report acknowledges the contributions of Mustafa Özbilgin, Ahu Tatli, Gulce Ipek, Muhammad Sameer, Alison Maitland, Nikki Walker, and Sarah Perrin. The Association of Chartered Certified Accountants (ACCA) is a global body for professional accountants that aims to offer business-relevant qualifications to people of application, ability, and ambition.