Today, European Women on Boards (EWoB) and Ethics & Boards announce the publication of their first European Gender Diversity Index. The comparative ranking highlights the best practices of European companies in terms of gender diversity and has been set up with the purpose to measure the evolution of gender diversity at the top of the European corporate world. It analyses the situation in the 200 largest companies of the Stoxx Europe 600 registered in nine European countries(*) on 31 July 2018.
For the 2018 edition, 3 different indicators were measured:
- The percentage of women on Boards (**)
- The presence of a woman serving as Chair of the non-Executive Board (**)
- The presence of a woman serving as Chief Executive Officer or Chair of the Executive Board
The company with the best female representation on the Board is Kering (FR): 60%
The company with a Woman Chair and the best female representation on the Board is Sodexo (FR): 53,8%
The company with a Woman CEO and the best female representation on the Board is GlaxoSmithKline (UK): 45,5%
1.Percentage of women on Boards
The average female representation on Boards in the Index is 33,6%. For the countries, the ranking is as follows (country name, number of companies in the Index, % of female representation):
- France (30): 44.2%
- Italy (26): 36.5%
- Germany (30): 33.7%
- Finland (16): 33.3%
- Belgium (13): 32.7%
- The Netherlands (20): 31.7%
- The United Kingdom (37): 29.9%
- Spain (26): 24.6%
- The Czech Republic (2): 19%
The top companies in terms of female representation on the Board are
- Kering (France): 60%
- Sodexo (France): 53,8%
- Accor (France): 50%
57.5% of companies have at least 1/3 of Women on the Board. 9% of companies have 20% or less of Women sitting on the Board.
2.Woman Chair of the non-Executive Board
5% of the companies in the Index have a Woman Chair of the Board/Supervisory Board. The top companies with a Woman Chair of the Board / Supervisory Board and % of Women on the Board are
- Sodexo (France): 53.8%
- Terna (Italy): 50%
- Siemens Gamesa Renewable Energy (Spain): 46.2%
3. Woman CEO or Chair of the Executive Board
4.5% of the companies in the Index have a Woman serving as CEO / Chair of the Executive Board. The Top companies with a Woman serving as CEO / Chair of the Executive Board and % of Women on the Board are
- GlaxoSmithKline (The United Kingdom): 45,5%
- Wolters Kluwer (The Netherlands) and Proximus (Belgium): 42,9%
- Engie (France): 42,1%
The full index with all the country and company data can be downloaded here.
EWoB and Ethics & Boards want to thank all the companies who have collaborated to confirm the gender diversity data of the 2018 edition of the Index. The associations look forward to the 2019 edition of their EGDI.
(*) EWoB member countries: Belgium, the Czech Republic, Finland, France, Germany, Italy, the Netherlands, Spain, the United Kingdom
(**) For companies with a dual structure, “Board” indicates the non-executive body.
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