Equileap report shows Canadian companies are lagging behind global average on gender equality in the workplace
Author: Brenda Bouw, The Globe and Mail, Published on: 8 March 2019
"See how badly Canada’s top public companies score on gender equality – and why investors may pay the price", 8 March 2019
Canada’s top public companies significantly lag their U.S. and global peers when it comes to gender equality in the workplace... and risk losing investor confidence if improvements aren’t made. The research from Equileap, a non-profit based in Amsterdam that tracks corporate gender equality, says companies on the S&P/TSX 60 scored an average of 23 per cent... [which] compares with an average score of 45 per cent for companies listed on the S&P 100 in the United States. The average percentage score among the top 200 global companies... was 53 per cent.
... Canadian companies’ relatively poor showing can be explained in part because only 13 per cent of executives among the S&P/TSX 60 companies reviewed were women, versus 23 per cent of companies on the S&P 100 and 26-per-cent worldwide. According to Equileap, a lack of transparency around providing gender-equality metrics and targets for improvement also acted as a drag on Canada’s rankings. The Equileap report also highlighted S&P/TSX 60 companies leading in gender equality... including Toronto-Dominion Bank, CIBC and Enbridge Inc. ... Sun Life Financial Inc. and Manulife Financial Corp. BCE Inc. and Thomson Reuters Corp... Equileap found that only one company among those researched, TD Bank, has published a strategy to close their gender pay gap.
Related companies: Bank of Montreal BCE (Bell Canada Enterprises) Canadian Imperial Bank of Commerce (CIBC) Enbridge Manulife Financial Royal Bank of Canada Scotiabank Sun Life Financial Thomson Reuters Toronto-Dominion Bank