L'OREAL MOST EQUAL UNDER THE BIG PUBLIC ONES IN EUROPE
The 2018 Gender Equality Gloabl Report & Ranking by Equileap conducted a Top 200 ranking in 23 countries of 3.206 companies in total, all of which are:
- public companies
- with market capitalization of > USD 2 billion
The companies ranked highest were ex aequo:
- General Motors with a score of 71/100 and B+ grade
- L'OREAL with a score of 71/100 and B+ grade
The Equileap Gender Scorecard, inspired by the UN’s Women’s Empowerment Principles, measures criteria in the fields of:
- gender balance at the non-executive, executive, senior management and workforce level
- promotion and career development opportunities and
- 7 policies in the workplace that promote equal treatment and opportunities for men and women
- Parental leave policies for primary and secondary carers
- Flexible work schedules
- Equal pay and the gender pay gap
- Combatting sexual harassment in the workplace
- Supplier diversity including procurement from women owned or led companies
- Endorsement of the Women's Empowerment Principles and
- Independent gender audits
‘Gender equality is more than a goal in itself, it is a pre-condition for meeting the challenge of reducing poverty, promoting sustainable development and building good governance. ’ (Kofi Annan)
Companies that are on the Bloomberg ESG list for Ethics, Weapons, Gambling or Tobacco are excluded.
#METOO SUPOSSEDLY HAD POSITIVE IMPACT
The #metoo and #TimesUp movements of the past year have had some positive impact though it seems. The UK introduced the first gender pay gap legislation. And North American firms are 'beginning to address gender based violence at work'.
THERE REMAINS A LOT TO BE DONE THOUGH
Even though there has been some patchy progress when compared with the last ranking, it is quite obvious that no company received an A+, A or even A- grading.
Two companies have even been given an 'alarm bell' with regards to sexual harrasement cases in the past 2 years.
'There are not many signs that change is being embedded in global corporate culture across all sectors and countries.' (Equileap report)
Austria has been bottom of the class. But this was due to the fact that no company met the eligibility criteria with required amount of market capitalization. But even those Austrian companies not eligible for the rankings had an average of only 36 /100 overall score.
We at Doris Wagner Cosmetics are led by a woman, firmly believe in the fair and nondiscriminatory treatment of women and men and ensure the health, safety and well-being of our staff. We support women empowernment and a positive public image of women in all our media and encourage women to have a more positive view about themselves.
Find our employer rating at Kununu!
What are your learnings from the Equileap ranking?