By identifying gaps in gender equality, the UN Global Compact works with C-suite business leaders to break gender bias and unlock growth
NEW YORK, March 15, 2017 /3BL Media/ – Today, the United Nations Global Compact has launched the Women’s Empowerment Principles (WEPs) “Gender Gap Analysis Tool”, an online platform which helps global business leaders identify strengths, gaps and opportunities to improve gender equality and women’s empowerment in the workplace and within the markets and communities they serve. The tool offers an assessment of a company’s progress in advancing gender equality, profiling companies as “Beginner”, “Improver,” “Achiever” or “Leader”.
Barclays CEO Jes Staley has spoken about the bank’s mission to tackle gender diversity to an audience of MPs, colleagues, business leaders and Barclays’ partners from the charitable sector.
Timed to coincide with the build-up to International Women’s Day (8 March), Staley, along with Labour peer Baroness McDonagh, hosted a breakfast at the Palace of Westminster for 100 people, before taking questions from the audience and being interviewed by Barclays’ Global Head of Diversity & Inclusion Mark McLane.
Wendy Papworth is Director for Diversity & Inclusion (D&I) and also leads Barclays’ group-wide focus on the gender agenda.
She started her career in client-facing roles, including as an insurance systems consultant with IBM, but as her personal circumstances changed she spotted an opportunity to better balance her commitments.
How is Barclays marking International Women’s Day?
Baroness Karren Brady has spent more than two decades in Premier League football. At Birmingham City, she was the youngest-ever managing director of a UK limited company and the first woman in top-flight football, growing the club from receivership to an £81m business.
Now Vice Chairman of West Ham United, Baroness Brady was awarded a CBE by the Queen for her services to business and has a seat in the House of Lords as a Conservative peer.
In the light of International Women's Day, it is once again time to examine how gender equality has evolved in the past year. As a means to fight gender inequality and narrow the persistent gap, GRI helps businesses understand their impacts and take action to empower women in the workplace.
Gender equality is now a top priority for 78% of companies (up from 56% in 2012), yet less than half of employees feel we’re doing enough. While the pay gap (for equal work) is closing, the promotion gap isn’t, leaving women making 76 cents on the dollar compared to men. And the gender gap isn’t expected to close for another 170 years. That’s too long to wait!
During March we observe Women’s History Month, an opportunity to celebrate the many contributions of women to events in history and contemporary society. Today, March 8th, marks a focal point during this commemorative month — International Women’s Day (IWD). IWD is a global day dedicated to celebrating the social, economic, cultural and political achievement of women. Both occasions mark a moment-in-time to reflect on how far women have come in the workforce.
In Celebration of International Women’s Day, the UN Global Compact Reaffirms Commitment to the Women’s Empowerment Principles and Unites Business Community with Month-Long Initiatives
NEW YORK, March 8, 2017 /3BL Media/ – Today, the United Nations Global Compact announced its plans for International Women’s Day and affirmed its commitment to uniting the business community to champion gender equality. The UN Global Compact will put its Women’s Empowerment Principles to work through a month-long series of initiatives to enable business leaders to consciously commit to decisions supporting gender equality, diversity and inclusion.