'Embrace Equity' - Why It's More Than A Hashtag
Every day across our broad base of local and global clients, we work with teams that include incredibly talented women making invaluable contributions to business and the world we live in.
Through these relationships, and our work advising boards and leadership teams on their approach to ESG, we understand why this year’s International Women’s Day theme, #EmbraceEquity is critical to achieving successful outcomes. Companies that embrace gender equity are well documented to deliver better financial results, accelerate innovation and enjoy stronger talent retention.
We also see that more than ever, investors, regulators and other stakeholders are holding directors accountable on an increasing range of environmental, social and corporate governance (ESG) considerations. The result is that companies around the world are being urged to move faster on diversity or risk jeopardising their reputation and ability to attract and retain both customers and exceptional talent – both key measures for shareholders.
Morrow Sodali's Managing Director, Head of ESG International - Jana Jevcakova speaking at the 2022 HKIRA 'ESG & Beyond' event in Hong Kong.
Yet there are still many obstacles to narrowing the gender equity gap. A recent study by McKinsey found that while female leaders around the world are as likely as men to aspire to senior-level roles, they experience micro-aggressions that undermine their authority and make it harder for them to advance.
This year’s International Women’s Day is the first to be celebrated in the wake of the worst economic ravages of the Covid-19 pandemic, which exacted an immense and lasting toll on gender equity in the workplace. A recent 2023 IBM report reveals that the global pipeline for leadership positions for women has yet to recover to pre-pandemic levels because, amongst other things, women suffered greater job losses than men and were more likely to choose to leave the paid labour market to pick up childcare and undertake other domestic responsibilities.
At Morrow Sodali we are proud of our global corporate advisory work, helping companies improve their ESG maturity. We do this by assisting them to challenge and evolve consideration of equity, diversity and inclusion issues in their business, and integrate appropriate goals into their long-term strategies and disclosures.
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From headquarters in New York and London, and offices across global capital markets, Morrow Sodali serves over 1,000 clients in more than 80 countries, including many of the world’s largest multinational corporations. Our clients include listed and private companies, mutual fund groups, stock exchanges and membership associations.