Today we’re celebrating International Women’s Day at Good Energy and we’re immensely proud to be supporting the 2017 #BeBoldForChange campaign!
The United Nations Sustainable Development Goals are a big focus for Good Energy. One of those goals is ‘Gender equality’, and I have always felt that our business needs to embrace this and help set an example for the energy industry.
I believe diversity is a real missed opportunity for businesses across the world. A 2016 report from Grant Thornton states that diverse boards in listed companies in India, the UK and the US outperform male-only peers by $655bn - that’s a figure that’s not to be sneered at!
Change begins when we come together and make our voices heard. As a company we want to encourage more businesses to do the same and be leaders on gender equality and not just pay it lip service.
Today we are behind where we need to be if we want to reap the benefits of a truly diverse economy.
Did you know?
- Of the 500 largest corporations in the world, only 13 have a female chief executive
- There are more CEOs with the name John than there are women in the FTSE100
- Only 23% of parliamentarians in Europe are women
- Only 12% of the STEM (Science, technology, engineering and maths) workforce are women
So how do we get companies to wake up and start making some fundamental changes to how they run their businesses?
A 50:50 split
Having an equal gender balance in your company is a complete ‘no-brainer’.
The theme for this year’s International Women’s Day is 50:50 workplaces by 2030 – a fantastic goal and one that Good Energy is very proud to have already met. Despite being a female led company, over seven years ago we did some analysis on our gender balance and I was surprised by the results. Even though we were doing well across our most senior team, the rest of the company wasn’t such a positive story.
Helping my teams understand diversity and taking ownership of it was key.
When you set a goal, you begin to see who and how you can hold the whole organisation to account.
This simple goal could transform businesses and how they behave.
Benefiting your workforce
There is plenty of evidence from around the world which shows that companies with an equal amount of men and women on their boards, in their senior teams and in their workforce, are more likely to perform better.
I think that having diversity in your business helps it, collectively, to think more holistically, seeing the picture from different angles. It means you get a much better, fuller debate on business decisions – like areas of risk, or how to innovate and succeed. This mix makes a real difference to the way we think and act as an organisation.
Good Energy likes to challenge the status quo and alter the systems that simply do not work. I am passionate about helping the energy sector to build diversity and widen its talent pool. This is one thing which will really help us get to a zero-carbon system much, much quicker.
If more businesses focused time and attention and were bolder when it came to encouraging and enabling diversity, the overall outcome to business and society could be one of great possibilities.
Share your story and your support this International Women’s Day using the hashtags #BeBoldForChange and #IWD2017