S&P Global report says women’s representation is accelerating
Yet parity on boards and in C-suites still very far away
On the positive side, women’s representation on corporate boards, in C-suites and in senior management roles is accelerating, S&P Global said in a report released Monday. The share of women holding directorships or executive-level jobs has almost doubled since 2000 and stands at 15% and 13%, respectively.
Such findings are not too surprising for the energy industry, where an old boys’ club culture has long reigned. In comparison, women accounted for about one in five C-suite positions in all U.S. corporations, according to a 2018 study by McKinsey & Co, and there are now no all-male boards on the S&P 500 Index.
The S&P Global report highlighted geographical disparities in gender diversity. The proportion of energy industry board members and senior managers was close to 30% in New Zealand and higher than 20% in Norway, France, Thailand, Malaysia and the Philippines. Japan, South Korea and Pakistan were the laggards, with representation of less than 5%.
Based on research by S&P Global Platts Analytics and S&P Global Market Intelligence, the report analyzed 799 companies in 30 countries.