Gender equality in UK companies? Only after 2036 – Executive Digest

Gender equality in UK companies?  Only after 2036 - Executive Digest

The fight for gender equality in the business environment in the United Kingdom has been hit by the pandemic, with a period of four years necessary to regain the equality achieved so far, consultants The Pipeline reported in a report published this Wednesday. has gone. Which CNBC had access to.

The document presents an assessment of the situation on the FTSE 350, which includes companies listed on the FTSE 100 and FTSE 250 – two of the UK’s leading equity indices.

The advisory found that the forecast year for gender equality on the executive boards of these publicly traded companies in the UK increased by four years to 2036.

“The pandemic provided an opportunity to move forward with significant change, but instead we have retreated and the prospects of women trying to climb the senior ranks of FTSE 350 companies look more bleak than ever,” the company said in a statement. has been.” the study.

Pipeline’s Women Count report shows that companies in which at least 50% of board members were women had a profit margin of 21.2%, with a 17.5% drop in profit for companies without women in executive positions.

“If companies continue to actively ignore the importance of gender diversity at the top, the UK will suffer financially and struggle to recover quickly from the pandemic,” the company said.

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Cory Weinberg

About the author: Cory Weinberg

Cory Weinberg covers the intersection of tech and cities. That means digging into how startups and big tech companies are trying to reshape real estate, transportation, urban planning, and travel. Previously, he reported on Bay Area housing and commercial real estate for the San Francisco Business Times. He received a "best young journalist" award from the National Association of Real Estate Editors.

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