As per our original Charter commitment, we continue to have 50% female representation in senior management (2 out of 4 Directors). We have now pledged to maintain this representation until at least September 2023.
In addition, we now have 50% female representation among our financial planners (2 out of 4 advisers), and 50% female representation across our overall workforce (6 out of 12).
We are pleased to announce that we have signed the HM Treasury Women in Finance Charter. Committing Investing Ethically Ltd to a pledge for gender balance across financial services. We pledge to maintain the senior managers split of 50/50 within the firm over the next 3 years.
Women in Finance Charter
A balanced workforce is good for business, good for customers, good for profitability and workplace culture, and increasingly attractive for investors. We signed the Charter to help us realise our commitment to creating an inclusive culture and confirm our efforts to build a more diverse organisation. Investing Ethically Ltd are quite a rare financial service firms, with 75% of our workforce female and a 50/50 split in senior management positions. We hope to maintain a gender diverse company.
Investing Ethically Ltd have become one of the 200 signatories of the Women in Finance Charter. We pledge to maintain the managers split within the firm over the next 3 years. We are proud that we currently achieve gender parity amongst this cohort and want to ensure this continues into the future.
Female leadership outperforms
Recent American studies have shown that companies with female leadership outperform their male-dominated counterparts.
The Peterson Institute for International Economics and EY, formerly known as Ernst & Young, analysed results from nearly 22,000 global, public companies across various industries and sectors. They found that by having at least 30% women in leadership positions adds 6% to net profit margin.
Research conducted by MSCI in September 2015 noted that companies in the MSCI World Index with three or more women on their board or with a higher percentage of female directors than average in its country, generated a return on equity of 10.1%, above the 7.4% return for those that didn’t.
With studies showing that having women in leadership positions contributing positively to a company’s performance, it makes sense for investors to invest in companies that put more women in these roles.
More information about the Charter can be found here.