Gender Equality

It is important that all companies consider how business operations can impact men and women differently. Sometimes (particularly in emerging markets) there are local, cultural or national customs and practices, which inform recruitment and employment practices. Gender-based discrimination and inequality most frequently affects women. This page focuses on how discrimination against women can be addressed, though it acknowledges that men can also be victims of gender-based discrimination. Investors and companies should apply sound judgment and decision-making to promote equality among men and women and to reduce or remove gender-based discrimination from the workplace.

Examples of gender-based discrimination include: allowing gender prejudice or stereotypes to influence the selection, promotion and advancement of employees; sexual harassment in the workplace; restriction of access to trade unions or worker’s councils; and poor policies regarding maternity and childcare arrangements.

Sectors in which gender-based discrimination are likely to be particularly relevant are those that:

Rely on large numbers of women, including some forms of manufacturing (specifically textiles), agriculture, education, retail and healthcare. It should be noted that suppliers might also employ large numbers of women in difficult working conditions.

Have traditionally been male-dominated and continue to limit entry into the workforce to women, or where a male-dominated culture remains despite an increased number of women. Examples include mining, construction and financial services. The issues are about entry into the workforce and operating equally within it.

Good employment terms and conditions for all employees, irrespective of gender, ethnicity or other traits or background, provide companies with business benefits such as, a wider talent pool to recruit from, enhanced productivity and improved staff retention. There is also significant evidence to show that board and executive level diversity (including gender, age, skills, sector and geographic experience) can improve decision-making and overall business performance.