Report Archives - Page 2 of 3

30% Club Ireland launches 2023 scholarships

Posted on March 2, 2023March 2, 2023 by Admin

The 30% Club Ireland, whose aim is to achieve better gender balance at all levels in Irish businesses, has announced two new development opportunities for women in business – a 2023 programme of 27 postgraduate and executive education scholarships and, in partnership with AIB, 30 access opportunities for women in SMEs on the IMI/30% Club cross-company mentoring programme.

The scholarship programme, which is delivered in partnership with key education providers, covers a range of executive education disciplines including prestigious MBA programmes and technical masters programmes in STEM, Healthcare, Public Policy and other specialist areas.

First offered in 2015, the annual programme aims to raise participation rates for women in, and general awareness of, executive education and to provide financial support for women interested in executive education, who may be limited by funding concerns.

Gillian Harford, Country Executive with the 30% Club commented: “International Women’s Day takes place on March 8^th. But it is about more than celebrating just one day, it is about taking real and practical steps that will help to bring about more balanced investment in talent and career progression.

“Having offered just three scholarships in year one, we are delighted now to be offering 27 scholarships for 2023”, said Ms Harford. “In addition to providing great opportunities for talented women, the programme gives us, and our education partners, the opportunity to encourage more diversity in executive classrooms for greater learning outcomes.”

The scholarship programme is open to all women and is not restricted to 30% Club member company supporters.

In partnership with AIB, the 30% Club has also announced a new 3-year initiative that will provide sponsored access for 30 women from the SME sector to the IMI/30% Club Cross Company Mentoring programme. The IMI/30% Club programme started in 2015 and brings together experienced leaders and mid-career high potential individuals for mentoring focused on both professional and personal development.

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

Investors given tool to boost gender equity in net zero race

Posted on January 25, 2023February 7, 2023 by Admin

The Women in Finance Climate Action Group has developed a framework to help financial institutions support women in the net zero transition and limit the negative impact of climate change on women.

The 30% Club is delighted to support the rollout of this first-of-its-kind framework specifically for private investors and the key role they play in financing net zero.

Integrating a gender lens into climate investments is important to value women as key stakeholders in solutions, to ensure not only a better path, a more ‘Just Transition’, but also a shorter one, unleashing the potential of women as changemakers, in finance and in who and what is being financed.

Women remain under-represented in climate finance

The Women in Finance Climate Group argues that whilst climate change disproportionately impacts women, women remain seriously under-represented in climate policy, climate decision-making and climate finance.

The Action Framework, created in collaboration with the Oliver Wyman Forum and 2X Global, is available to download here.

The Women in Finance Climate Action Group comprises women leaders from business, the public sector and civil society and includes Tanya Steele, CEO of WWF-UK and Sarah Breeden, Executive Director at the Bank of England.

Amanda Blanc, Aviva’s Group CEO, said: “Private capital is key to mobilising the trillions of dollars required over the next three decades to limit warming to 1.5 degrees. And yet the global private finance sector does not currently have the tools or incentives in place to evaluate and improve the impact of climate finance on gender equality.

“We need more data to measure the impact of specific climate investments or project financing on women and girls. We hope this Framework will give financial institutions what they need to begin to measure and deliver greater gender equality when taking action on net zero.”

Rupal Kantaria, Partner, Oliver Wyman Forum and head of climate for the 30% Club, added: “This first-of-its-kind Action Framework for investors embeds gender considerations into climate investment decisions. Both are critical for financing a faster and more just climate transition.”

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

French investors reveal gains for women’s leadership

Posted on January 16, 2023January 16, 2023 by Admin

According to the 30% Club France Investor Group’s annual report, gender diversity is improving in the SBF 120 but there is still a long way to go.

The 30% Club France Investor Group is pleased to announce the publication of its second annual report. In its second year of the campaign, the 30% Club France Investor Group conducted a wide variety of activities to engage with corporates, stakeholders, and experts, enabling us to develop key observations regarding gender diversity in France.

The 30% Club France Investor Group are stewards of France’s investee companies. Part of that responsibility includes the assessment of their executive management teams. Since 2017, listed companies in France must have a minimum of 40% of women on the Board of Directors under the Copé Zimmermann law. The Rixain Law adopted in 2021 also enforces that Executive Committees have 30% female representation by 2027 and 40% by 2030.

Last year, the Investor group conducted 18 in-person engagement meetings and conversations and observed that:

– Compared to last year, companies are both more open to engaging with us and more prepared.

– There is positive momentum emerging in the form of action plans and targeted goals, but these targets as well as their scopes (i.e., the executive body targeted) and time horizons lack homogeneity, making it difficult to work towards the goal of 30% female representation at the highest levels of management.

– Two opposite trends are coming into play. The COVID-19 crisis had a disproportionately negative impact on women in attracting, retaining, and promoting talent while the enforcement of the Rixain Law acted as an accelerator of awareness for the importance of gender diversity.

Member of the French Parliament, Marie-Pierre Rixain said:

By making equality between women and men the great concern of his five-year term, President Emmanuel Macron has helped accelerate the march of history. Indeed, a certain number of blockages in our collective organization still constrain women’s economic room to maneuver and lead to a cascade of consequences. With this in mind, I drafted a bill in 2021 that enshrines new economic rights for women thus allowing them to conquer their status as free and autonomous economic actors.

The number of requests I receive proves that this issue is on the table for all companies now more than ever. Finally, our country is thinking about how to make half of the working population a source of value creation, wealth, and jobs.

I believe that an increasingly significant proportion of large companies have taken measures for the challenge of gender diversity. In this respect, the law that I introduced – which marks a major change in the management and retention of corporate talent – will accelerate this dynamic by imposing ambitious but achievable targets for the players concerned.

Global Head Sustainable & Impact Investment, Allianz Global Investors, Matt Christensen said:

“In the two years since the initiative’s launch, I’m pleased to see that the importance of gender diversity is increasingly acknowledged within French companies and that encouraging progress in terms of female representation on executive leadership teams is visible.

Nevertheless, there is still a long way to go. By pooling our efforts under the 30% Club France, we as investors can help move the lines faster to drive genuine and sustainable change by looking not only at the executive committee but also at how companies build a gender-diverse talent pipeline. The 30% by 2025 is the floor, not the ceiling. The Rixain Law on economic and professional equity for women sets 40% by 2030 as the next frontier. We are willing to do our part!”

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

Przewodnik Diversity, Equity & Inclusion

Posted on January 10, 2023January 24, 2023 by 30club-Poland

Przedstawiamy Państwu nasz autorski Przewodnik Diversity, Equity & Inclusion (DEI) pełen narzędzi, pomysłów i inspiracji, jak zwiększać różnorodność i jak budować inkluzywną kulturę organizacyjną, przydatny dla firm niezależnie od ich poziomu zaawansowania.

Chociaż płeć jest naszym punktem wyjścia, w pełni zdajemy sobie sprawę, że wiek, niepełnosprawność, rasa, pochodzenie etniczne, narodowość, orientacja psychoseksualna, tożsamość płciowa oraz inne przesłanki narażające na zachowania dyskryminacyjne są częścią tej podróży. Dlatego zestaw narzędzi nie skupia się wyłącznie na płci, ale pozwala zbudować holistyczny plan DEI.

Przewodnik DEI został zaprojektowany tak, by był źródłem pomysłów i inspiracji dla wszystkich organizacji, bez względu na ich rozmiar czy aktualny poziom zaawansowania w obszarze DEI. Większe organizacje zachęcamy do skorzystania z pełnego Planu działania na rzecz różnorodności, równych szans i włączenia (DEI) – może on pomóc przy diagnozie aktualnej sytuacji oraz identyfikacji obszarów wymagających działań. Firmy mniejsze i te skoncentrowane na konkretnych aspektach DEI (np. przyciąganie czy rozwijanie talentów) mogą przejść do odpowiedniego obszaru w poszukiwaniu pomysłów, najlepszych praktyk i celów.

Przewodnik DEI jest dostępny dla wszystkich – nie tylko dla firm współpracujących z 30% Club Poland. Wierzymy, że działania zwiększające różnorodność i włączenie są ważne i korzystne dla całego społeczeństwa i gospodarki. Dlatego Przewodnik został zaprojektowany tak, aby można było z niego swobodnie korzystać i dzielić się jego treścią, ale zawsze przy wskazaniu 30% Club Poland jako źródła.

Planujemy regularnie aktualizować Przewodnik. Jeśli masz sugestie, pomysły oraz case studies, które mogą uatrakcyjnić jego treść i przekaz, zapraszamy do kontaktu!

30% Club MENA: We need more female leaders in the fight against climate change

Posted on November 14, 2022January 16, 2023 by Admin

As governments and private companies gear up to tackle climate issues and make it part of the agenda of C-Suite executives and leadership teams, improving gender equity in boardrooms and decision-making tables cannot be an afterthought when drafting climate policy or sustainability efforts.

Women’s leadership is crucial in tackling climate change. More so in the Middle East and North Africa region, where gender imbalance in leadership is significant.

These are the principle points raised in a White Paper commissioned by Arab Petroleum Investments Corporation (APICORP) on gender diversity and sustainability in partnership with the 30% Club MENA, Arabian Business and the American University in Cairo to mark Gender Day at COP27.

Key highlights from the report include:
COP27 is a perfect platform to continue pushing for change and inform firms on the need to implement policies that encourage more women to rise to leadership roles and have their voice heard.
For now, men are overrepresented on constituted bodies and government delegations, which remains an issue of concern. Equal and meaningful participation and leadership of women is vital to achieve climate goals.
Gender equality and women’s leadership can no longer be an afterthought when drafting climate policy. The time to act and accelerate change is now.

30% Club global chair and Mastercard executive vice chair Ann Cairns said:

“Business is at its best when it brings together all the brightest minds, sharing their thoughts, ideas, and concerns.

“The 30% Club has been campaigning for greater gender diversity in corporate boardrooms since 2010 — a time when there were just 12.5 per cent women serving on the boards of Britain’s biggest companies, the FTSE 100.

“Our argument has always been that diversity of thought in senior leadership makes business better.”

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

Black women least likely to be top earners

Posted on May 9, 2022July 18, 2022 by Aba Wilson-Sam

Black women are under-represented and underpaid in executive roles and the least likely to be in the UK’s top 1% of earners. Black women continue to be underrepresented in leadership roles across the UK workforce.

The Inclusion Initiative at LSE, Mastercard and the 30% Club collaborated to undertake interviews with 44 Black women at various stages in their careers. The study was designed to understand the headwinds and tailwinds that these women experienced throughout their career, with the view that firms interested in nurturing talented women could focus on augmenting the tailwinds that these women experience, as well as reducing their headwinds.

The analysis led to the creation of the TRANSPARENT framework, a new framework to create organisations that are inclusive of Black women in Finance, Professional Services and Big Technology.

Key highlights from the report include:
92% of the women we interviewed called for systemic change within their workplaces.
Black women also experience the largest pay gaps when compared to non-Black women and men, as well as Black men (Almeida et al. 2021).
The largest gaps are in finance, professional services, and big technology. 70% of Black women in these sectors believe they are being paid less than their comparable peers, with more than 10% of women reporting pay gaps as high as 30%.

From the analysis, the researchers created the TRANSPARENT framework to create organisations that are inclusive of Black women in Finance, Professional Services and Big Technology.

30% Club global chair and Mastercard executive vice chair Ann Cairns said:

“We were delighted to partner with the London School of Economics on this research, to better understand the barriers Black women face in the workplace. Anecdotally, we have been hearing that Black women experience the most negative impact when it comes to progression in the workplace, specifically in the areas in which we operate; technology, financial and professional services and we undertook this research to validate that.

This thought-provoking research and the TRANSPARENT framework will be used to inform our own future activities and policies going forward within Mastercard. I hope they will also be of use to many other companies wanting to leverage it and tackle the issue within their organisations.”

The Inclusion Initiative (TII) at the LSE, Mastercard and the 30% Club hope to inspire firms to adopt these actions. Moreover, it is envisioned that companies will evaluate the effectiveness of these actions, making transparent the evaluation results.

This transparency allows firms to learn together ‘what works’ for the fair inclusion of Black women in finance, professional services and big technology. Given that the pay gaps experienced by Black women are the largest in the sectors studied, making Black women the benchmark for real change within organisations is appropriate.

Training, recruitment, operations, promotions, procurement, strategies, and policies should be evidently inclusive of Black women. The call for greater transparency through reporting, audits and monitoring of the progress of Black women will help ensure firms are on track.

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

Malaysia has highest percentage women board members in Asia

Posted on April 28, 2022July 12, 2023 by 30club-Malaysia

A latest study by Deloitte in collaboration with the 30% Club found that Malaysia has the highest percentage of women chief financial officers among the Asian nations surveyed (34.9 per cent), more than double the global average of 15.7 per cent.

Women in Leadership Stats – March update (UK)

Posted on April 28, 2022July 18, 2022 by Admin

The UK’s biggest 100 companies are on the brink of hitting 40% female representation at board level.

Our latest stats reveal the FTSE 100 average is 39.9%, as of March 2022.

The FTSE 100 hit the 30% critical mass in September 2019, meaning there has been rapid and significant progress in the past two years.

That’s precisely why our campaign is working with companies all over the world to strive for the 30% mark.

Of course, the real goal is goal is PARITY.

Our minimum UK objectives by 2023 are:

Beyond 30% representation of women on all FTSE 350 boards, to include one person of colour We support the Parker Review goals for at least one person of colour on every FTSE 350 board.
Beyond 30% representation of women on all FTSE 350 Executive Committees, to include one person of colour.
Beyond 30% of all new FTSE 350 Chair appointments to go to women between 2020 and 2023.

March 2022 saw women’s representation on FTSE 100 boards reach an average of 40% for the first time in history.

While we celebrate this milestone, there is still much work to do across FTSE 250 and 350, not least of which on ethnic representation – only 178 board positions is in the FTSE 350 are held by directors of colour, with just 77 of those positions held by female directors of colour (Parker Review, November 2020).

Furthermore, there are still 38 FTSE 350 companies at less than 30% women on boards. But as of March 2022, there is at only one FTSE 350 company with an all-male board and the number of all-male ExCos is falling.

With just 24% of FTSE 100 Executive Committee roles currently (as of 1 April 2022) held by women, achieving at least 30% by 2023 represents a significant but achievable challenge.

Driving progress will require ongoing investment from CEOs and leadership teams in developing the pipeline of female directors. It will also require demand by investors, leadership from board chairs, commitment by nominations committees and action from head hunters, and of course it also requires ongoing investment from CEOs and leadership teams in developing the pipeline of female directors.

Out of 100 companies, the UK still only has 8 female CEOs, 18 female CFOs and 17 female Chairs. This shows that the 30% Club still has work to do even though they have reached our 30% on Boards target.

We encourage individuals and organisations to support our work and help us in our quest to increase the number of women on company boards and at senior management level.

What you can do to help us:

Become a Chair or CEO Member (please check UK webpage for criteria)

Call upon your own organisation to introduce targets for women in leadership

Share information on the 30% Club with your colleagues and networks

Encourage lagging companies to improve their diversity efforts

FTSE 100 meets Parker diversity target

Posted on March 16, 2022January 16, 2023 by Admin

FTSE 100 hits 2021 target

The Parker Review target for the FTSE 100 to have at least one board director from an ethnically diverse background by the end of 2021 has largely been achieved.

The latest update from the Review has confirmed 89 FTSE 100 companies achieved the target by the deadline of December 2021. A further five have announced new ethnic director appointments in early 2022 and another three report they are actively engaging in recruitment.

Across the FTSE 100, 16% of board directors are now ethnically diverse, and 49% are women.

The Review states: “These numbers compare starkly and very favourably with the position back in 2016, when only 47% of FTSE 100 companies had people from minority ethnic groups in their boardrooms. The number of companies with minority ethnic directors has doubled.

“We are also encouraged to note that the number of people from minority ethnic groups on FTSE 100 Boards splits evenly between genders, with women comprising 49% of the minority ethnic directors.”

Across the FTSE 250, where the deadline is the end of 2024, 12% of board directors are now from ethnically diverse backgrounds and 44% are women.

At the executive level, there hasn’t been as much progress. The Review states: “As expected, the great majority of these board positions are as non-executive directors.”

There are also only six CEOs and 12 other executive directors across the FTSE 100 who come from a minority ethnic group. And there are only three board chairs from a minority ethnic group background.

At the launch of the Review’s latest update, Secretary of State for BEIS Kwasi Kwarteng, said: “Never has there been a more compelling evidence base for the value of building diversity into business, all the way up to the Boardroom.

“Never has it been more clear that British business is seizing the initiative, responsive to the fact that drawing in talent across the diversity of society drives increased value to companies and makes good business sense.

“Business and Government are united in our shared belief in equality of opportunity to deliver a business environment that rewards meritocratic achievement: discovering, developing, and rewarding talent — irrespective of background.

“Out of uniting around the common goal of excellence, I have every faith that British business and the UK economy will build back better out of this pandemic.”

The update comes just two weeks after the 30% Club UK Investor Group issued a statement addressing the lack of racial and ethnic diversity in UK business and outlined the action it is taking to make positive change.

Members of the group who have signed up to the statement have more than £11 trillion assets under management.

In February, the group sent letters to the FTSE 100 companies its independent research suggested had yet to meet the Parker Review targets.

The letter warned the companies that investors may consider voting against companies at their annual general meetings if they fail to take action.

If your company wants to take action to make its senior leadership team more diverse, we have teamed up with Change the Race Ratio and Moving Ahead to deliver the Leaders for Race Equity CEO development programme.

The nine-month cross-company programme for CEOs and minority ethnic group leaders who are in the Exco talent pipeline to share and learn from each other’s experiences and shape strategic action. To find out more, please contact our delivery partners Moving Ahead by emailing race.equity@movingahead.org.

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

30% Club UK Investor Group statement on addressing racial inequality

Posted on March 1, 2022March 1, 2022 by Admin

Challenge for change

The 30% Club UK Investor Group has issued a statement addressing the lack of racial and ethnic diversity in UK business and outlined the action it is taking to make positive change.

“As institutional investors, we can contribute to addressing these inequities by taking concrete steps to promote diversity and inclusion across our portfolios and within our organisations,” it states.

Members of the group who have signed up to the statement have more than £11 trillion assets under management.

The group has sent letters to the FTSE 100 companies its independent research suggests have still to meet the Parker Review targets of at least one board member and executive committee member from an ethnic minority background. They were meant to have done so by the end of 2021.

The letter warned the companies that investors may consider voting against companies at their annual general meetings if they fail to take action.

The Investor Group is committed to actively engage with UK company board chairs, nomination committees and executive teams on the issue of racial inequality in their leadership ranks and workforce.

The publication of the statement builds on the UK chapter of the 30% Club introducing race and ethnicity targets in July 2020. Those targets include members of the Club across the FTSE 350 having at least one person of colour at board and executive committee level by the end of 2023*. And as the 30% Club campaign is focused on gender, we expect at least half of those appointments to go to women of colour.

While the 30% Club works directly with CEOs and Chairs to encourage change, the Investor Group’s been working on improving the availability of data on race equity within the FTSE 100 by engaging with ESG data providers and supporting the creation of new data platforms, such as through its partnership with Diversio.

The Group is also running a race equity training programme for its members to ensure that all investors, big and small, are equipped to take action with the companies they invest in.

Diandra Soobiah, co-chair of the 30% Club UK Investor Group, said: “Diversity and inclusion in companies are integral to sound corporate governance and corporate culture. As long-term investors, we see the failure to take diversity seriously as a stark warning about the long-term sustainability of the company.

“Time is up for organisations that seek to simply tick boxes. The 30% Club Investor Group is putting FTSE companies on notice – the laggards need to do much better, and we’re willing to help.

“We all have an important role to play to ensure persistent race inequities in business and our society are addressed. As investors, we can have stronger dialogue with the companies we invest in, with a view to improving diversity and inclusion within companies in the UK.”

Ann Cairns, global chair of the 30% Club, said: “The 30% Club’s UK Investor Group issuing this statement is a significant moment for the UK investor community. With ESG rightfully gaining prominence in the board rooms and executive offices of the world’s biggest companies, addressing racial inequity is imperative for all asset managers.

“It could make a major contribution to delivering the change businesses, economies and societies so desperately need to see. I am tremendously grateful for the hard work done by the co-chairs and members of the 30% Club UK Investor Group to take a stand on racial inequality.”

*The 30% Club’s UK chapter set the 2023 deadline for the FTSE 350 as a stretch target for our FTSE 350 members to help meet the Parker Review target by the end of 2024.

Where we are

The 30% Club has come a long way from when it was set up in the UK in 2010.We now span six continents and more than 20 countries. We’re actively expanding into more G20 countries

Category: Report

30% Club Ireland launches 2023 scholarships

Where we are

Investors given tool to boost gender equity in net zero race

Women remain under-represented in climate finance

Where we are

French investors reveal gains for women’s leadership

Where we are

Przewodnik Diversity, Equity & Inclusion

30% Club MENA: We need more female leaders in the fight against climate change

Where we are

Black women least likely to be top earners

Where we are

Malaysia has highest percentage women board members in Asia

Women in Leadership Stats – March update (UK)

FTSE 100 meets Parker diversity target

FTSE 100 hits 2021 target

Where we are

30% Club UK Investor Group statement on addressing racial inequality

Challenge for change

Where we are

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