Sustainability Magazine February 2024 | Page 99

GENDERED PERSPECTIVES DRIVE MEANINGFUL ACTION
Undeniably , the increasing importance of ESG considerations in global companies , coupled with the integration of sustainability into core business strategies and cultures , is likely to contribute to more diversity in leadership roles , says Schneider Electric ’ s Heather Cykoski .
“ This demonstrates a positive shift toward more equitable and inclusive corporate leadership … and reflects a broader recognition of the importance of inclusivity , social responsibility , and diverse perspectives in navigating the challenges associated with ESG and sustainability ,” says Cykoski .
“ While the challenges are universal , gendered perspectives can bring new insights and drive meaningful action , focusing on embracing humanity , harnessing technology , thriving through creativity , and shaping the future of work . “ Research has shown that diverse teams are more innovative and better at problem-solving – crucial for addressing complex sustainability challenges .”
When it comes to the C-Suite , women ’ s representation is just 25 % on average , compared to 46 % of entry-level positions . This so-called ‘ drop to the top ’ also varies across industries , with women faring better in education , retail , and consumer services – and worse in real estate , construction , and financial services .
Having more female representation in senior leadership roles , like CSO , is a significant step forward . It ’ s a classic case of ‘ you have to see it to be it ’. And when it comes to the top job , that visibility is poor . S & P ’ s Global Corporate Sustainability Assessment showed that only 4.4 % of 5,400 companies assessed had a woman CEO . In North America , women hold 7 % of CEO roles . In Asia , that drops to 3 %, and in Latin America just 1.5 %. sustainabilitymag . com 99