HeForShe Parity Report
Findings of the HeForShe Parity Report were revealed during the World Economic Forum annual meeting in Davos at an IMPACT 10x10x10 event. Ten of the world’s leading companies have released new workforce gender diversity figures. The ten companies are: AccorHotels, Barclays, Koc Holding, McKinsey & Company, Pricewaterhouse Coopers, Schneider Electric, Tupperware Brands, Twitter, Unilever, and Vodafone.
Main results show that women’s representation overall averaged 39.7% across the ten companies, however senior leadership roles held by women ranged from 11% to 33%. The benefits of increasing women’s representation in senior roles in the private sector and more largely in the global economy are immense. However, while progress is being made, a lot more needs to be done to reach parity. Dennis Nally, CEO of PwC said at the annual meeting “teams that are diverse statistically make better decisions”; while recent research by McKinsey has projected that getting to parity would add $28 trillion to the global economy.
About IMPACT 10x10x10
The IMPACT 10x10x10 initiative was launched in January 2015 at Davos to engage key decision makers in governments, corporations, and universities around the world to drive change from the top. One year later, 10 Corporate “IMPACT Champions” are committed to make gender equality an institutional priority by implementing the HeForShe IMPACT framework.
- The male business leaders at Davos who committed to gender equality (Quartz 22.01.2016)
- How advancing women’s equality can add $12 trillion to global growth (McKinsey Global Institute, 2015)