The Bank for International Settlements (BIS), an international financial institution that oversees the worlds central banks, recently published a report on the importance and positive effects of inclusivity and diversity on climate change and profitability. The study found that companies with more women in middle management produce less carbon than ones dominated by men. According to News18, findings also revealed that companies tend to be in a more profit-making situation with a diverse and inclusive staff, not just at board level but throughout the business.The study analysed over 2,000 listed companies in 24 advanced economies beginning from 2009 to 2019 which showed that a one-percentage point increase in female managers in the workplaces was related to 0.5 per cent decrease in carbon emissions. Yener Altunbas, Leonardo Gambacorta, Alessio Reghezza and Giulio Velliscig the authors behind the research said that this effect is robust controlling for institutional differences due to culture and religion.The report also suggested that managers are crucial to a companys approach towards the climate because they are chosen to select an efficient strategy to achieve objectives set for the company while being conscious about the surrounding. And the study found that women managers are in general more careful and focused on protecting the environment as compared to their male counterparts which backs the data from several academic findings that state women are more likely to keep in mind the overall well-being on the society.