RICS launches new guidance to supplement Rules of Conduct Rule 4

The guidance has been developed to supplement RICS’ Rules of Conduct Rule 4 which states: ‘Members and firms must treat others with respect and encourage diversity and inclusion.’

Many RICS professionals work in small and medium businesses that often can’t dedicate the same resources as larger businesses to optimise their DEI (Diversity, Equity and Inclusion) practices, helping them attract and retain the best candidates. The guidance provides advice sourced from other RICS members and DEI professionals that will support all businesses.

The guidance uses the UK Equality Act 2010 as its foundation but applies to members and member firms globally. We do recognise that under different countries’ legal frameworks some actions will be not possible to implement. However, all RICS members are held to account by RICS’ Rules of Conduct wherever they work or practise.

The guidance serves as a supplement to Rule 4 of RICS Rules of Conduct.  It is not a professional standard but advice intended to help firms comply with their obligations under the Rules of Conduct.

Diversity, equity and inclusion (DEI) is important for the profession as it needs to attract and retain the best talent, regardless of gender, race, disability, neurodiversity, class or socio-economic background, religion, sexual orientation or age.  This new guidance gives practical, applicable advice on creating a more inclusive working environment, which has been shown to increase performance, improve morale and staff retention, among other benefits. Diversity is a proven route to greater creativity and innovation, which are essential qualities in a fast-changing world.

Yes, we will be producing webinars aligned with the six sections of this guidance and making them available in the CPD library so members can hear from the working groups that developed it on the key learnings and takeaways.