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Business leaders across the globe agree that gender equality is a business priority. The business case to adopt a holistic approach to gender equality is clear — not only is advancing gender equality the right thing to do, but it is also good for business and a key component in achieving the Sustainable Development Goals (SDGs). Research shows that companies with high female representation have annual returns 3 percentage points higher (Morgan Stanley, 2019) and women’s business leadership is linked to better ESG performance, including reduced greenhouse gas emissions, stronger worker relations and reduced incidence of fraud, insider trading, and other unethical practices (IFC, 2019).
Target Gender Equality, an accelerator programme of the UN Global Compact, is designed to enable companies to set and reach ambitious corporate targets for women’s leadership and gender equality at the workplace.
The Target Gender Equality programme starts by companies assessing their current gender equality performance using the WEPs Gender Gap Analysis Tool. The WEPs Tool helps companies to identify their gaps and opportunities when it comes to gender equality at the workplace, marketplace and community. Simply put, in order to set ambitious yet realistic targets for gender equality, you have to know your starting line. In 2020, when Target Gender Equality kicked off, the initiative contributed to a 45% increase in companies using the WEPs Tool. Encouragingly, 79% of companies that completed Target Gender Equality shared the WEPs Tool results with their company’s executive leadership team or board. In addition, 82% of companies that completed Target Gender Equality are planning to take the WEPs Gender Gap Analysis Tool on a regular basis to analyze their performance over time.
97.3% of Target Gender Equality survey respondents, indicated that they have action plans in place or are currently drafting them in order to make their targets become a reality. As a result of Target Gender Equality, participating companies have committed to 1850+ interventions, policies and programmes aimed at advancing gender equality in their companies, including the below. 400 actions have reported to have been completed one year after the end of the first programmatic rounds of Target Gender Equality:
Target Gender Equality is mobilizing and supporting companies to set ambitious targets and take bold action to advance gender equality across all regions of the globe. The accelerator programme is run in collaboration with Global Compact Local Networks. Check out the gatherings of past Target Gender Equality groups from China, Uruguay and Korea in the pictures. For regular updates and more stories of local impact, check out our past newsletters.
Over the course of three years, hundreds of case studies and corporate good practices have emerged from Target Gender Equality.
Learn more about women who are driving change on gender equality within their organizations and beyond.
As Chairperson of the Board of Directors, I led the remarkable turnaround and return to profitability of the 20-year FBN Insurance Brokers
At the SuperHuman Race, Gapandeep Bhullar is building capacity across the company's ecosystem of partners to enable them to measure their progress against the 17 SDGs using data and technology
Running a leading construction company in Kenya, Sharon Thuku knows firsthand the bias that women in male dominated industries face. Now she's focused on equipping young women with the skills needed to compete
At Hrvatski Telekom, women hold about 40% of the managerial positions. Learn how Marijana Bacic is dedicated to pushing the gender equality agenda in her role and company
At ReNew Power, Vaishali Nigam Sinha implements impact-oriented sustainability and gender parity across all levels of her organization
At the Central Bank of Egypt, May Abulnaga supports women by increasing their access to financial inclusion and fighting the uphill battle against typical cultural gender norms
Explore the stories of male allies leveraging their roles as business executives to be advocates for gender equality.
We, men, sometimes don't understand something because we don't live it. We don’t suffer that discrimination and sexist jokes. How men and women interact is different now than three years ago when we started our efforts. It’s more like a partnership
When you start to pay attention, you really see inequality, but more importantly, you see how men could play an important role
If you want to correct these inequities from the past, you’ve got to drive what you want to achieve deliberately
Diversity is one of the best tools that we have to achieve our goals as an organization
How can you have a group of men, a boardroom or executive committee of men, debating the decisions that affect the consumers who are women?
It’s about human capital as much as it is around natural capital. As a business, it's going to help us be more successful, and ultimately it’s going to help our clients be more successful
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