Equileap, a non-profit organisation set up to accelerate progress towards gender equality at work, has published the first cross-sector ranking showing how well the world’s top public companies, across all sectors and countries, perform on gender equality.
Ten CSR Europe member companies have made it into the ranking, demonstrating an ongoing commitment to gender balance in leadership and workforce, equal compensation and work/life balance, policies promoting gender equality, and women’s empowerment.
According to the Equileap report, “equal pay and, more broadly, equal opportunities at work are powerful levers to grow global prosperity: they have the potential to take millions of women and their families out of poverty and move us closer to achieving the Sustainable Development Goals by 2030, as defined by the United Nations“ (p. 3). Moreover, research has shown that gender diversity within a company results in higher financial returns and reduced risk.
Of the 3,048 global companies ranked within 23 different countries, CSR Europe’s member company L’Oréal ranked first in gender equality while Sodexo came in at fourth. In the L’Oréal Group, women represent 70% of the company’s total workforce, 62% of executives, 33% of the Executive Committee members and 46% of the members of the Board of Directors; 58% of L’Oréal brands are managed by women (as of 31/12/2016).
CSR Europe member companies included in the ranking: L’Oréal, Sodexo, Engie, Orange, Intesa Sanpaolo, IBM, Coca Cola, BBVA, Total, BASF.
To learn more about the Equileap report and see how our member companies are working toward gender equality in the workplace, download the Gender Equality Global Report & Ranking below.