Global Impact

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 is not only 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 representation and leadership.

Target Gender Equality at a glance

How Target Gender Equality is making a difference:

  • 83% of companies participating in Target Gender Equality are creating new targets or revising existing targets on women’s representation in top management and leadership, with 68% of companies setting targets for the Board level
  • Target Gender Equality contributed to a 45% increase in companies using the WEPs Gender Gap Analysis Tool in 2020 to assess their gender equality performance

  • As a result of Target Gender Equality, participating companies have committed to 250+ interventions, policies and programmes aimed at advancing gender equality in their companies, including:
    • Fostering professional development opportunities for women such as establishing mentorship networks
    • Revising hiring practices such as ensuring gender-balanced interview panels
    • Increasing efforts to close the gender pay gap
    • Implementing flexible and family-friendly workplace practices
    • Investing in accountability mechanisms and progress tracking
    • Raising awareness for gender equality through trainings and communications campaigns
    • Ensuring top leadership commitment such as by establishing committees and oversight
    • Tackling stereotypes such as by ensuring gender-inclusive language

Data is based on survey responses by 114 companies as of May 24

Local Impact

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.

Explore the local impact of Target Gender Equality.

Spain

In Global Compact Network Spain, all 42 participating companies in Target Gender Equality are working on actionable next steps and have identified concrete actions to achieve results, ranging from setting targets to reduce the gender pay gap and ensure regular audits, to developing manuals for inclusive language that tackles stereotypes, to widening the female applicant pool by working with STEM focused Universities. 95% of companies in Spain are working on their targets, while one third are aiming for gender balance by 2025 or earlier.

Read the results >>

For more stories of local impact, check out our past newsletters.

Brazil

In Global Compact Network Brazil, 15 companies set public targets for women's representation and leadership at the outset of the programme, aiming for either 30% of women in senior positions by 2025 or 50% by 2030. Companies then identified gaps and opportunities based on their starting points using the WEPs Gender Gap Analysis Tool and developed tailored action plans to meet targets set.

Read the results >>

For more stories of local impact, check out our past newsletters.

Why your company should participate from our Global Compact Local Networks

Company Impact

Target Gender Equality aims to scale up stories of action and impact across the globe, amplifying the voices of UN Global Compact participating companies and the individuals that are driving change within their organizations and beyond.

CaixaBank

CaixaBank is participating in Target Gender Equality in Spain and is aiming to have 43% women in management positions by 2021. Learn more about CaixaBank's targets and actions.


Capgemini India

At Capgemini, having more women across their ranks means being more effective in corporate philanthropy and having higher-quality corporate social responsibility initiatives. Learn how having a diverse workforce powers business growth.


BBVA México

BBVA is focusing on driving Diversity & Inclusion and the increase of women in leadership positions. Gender Equality is an issue that is considered a strategic priority for the entire business, not just for the human resources area.


Natura & Co

​​​​Natura & Co is setting targets for equal representation for women, including 50% women on board and senior teams, equitable pay to close the gender pay gap, and living wages (or above) for associates at Natura &Co.


Testimonials from Target Gender Equality Companies

Women Driving Impact

Learn more about women who are driving change on gender equality within their organizations and beyond.

Tahmina Zaman Khan, Head of Sustainability, Mutual Trust Bank Limited
In Bangladesh, women are flourishing in the financial and banking sector. Tahmina Zaman Khan is a champion for significant progress for women in high-ranking positions in banking.

Learn More >>

Gagandeep K. Bhullar, Founder & CEO, The SuperHuman Race Private Limited
At the SuperHuman Race, Gapandeep Bhullar is continue to build capacity across the company's ecosystem of partners to enable them to measure their progress against the 17 SDGs using data and technology.

Learn More >>

Sharon Thuku, CEO, Ends International Company Limited
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.

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Marijana Bacic, Vice President for Corporate Customers and ICT, Hrvatski Telekom (Croatian Telecom Inc.)
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.

Learn More >>