WHAT IS THE GENDER DIVERSITY EXCHANGE?
The Gender Diversity Exchange tracks the progress of 3,900 publicly-traded companies around the world as they promote women into the ranks of their boards, executive leadership, and management levels. By giving tools to investors, companies, the media, and the general public, we want to help hold companies accountable for meeting the gender-diversity targets that they have set themselves.
WHY IS THIS IMPORTANT ?
Research shows that companies with greater percentages of female directors have better financial results. When women are underrepresented among a company’s directors and top managers, the company is less well equipped to handle business challenges, understand customer needs, and approach problems from a different perspective.
Many companies make public their internal data on how many women are in these roles, either out of a sense of transparency or because local laws mandate this disclosure. Some also publicize their commitments to promote more women or nominate more to the board of directors. But until now, there hasn’t been an easy way for investors, the media, or interested citizens to find out how certain companies measured up, or how close these companies came to meeting their own announced targets.
The Gender Diversity Exchange was created to make this information widely available, for free. Those who select for companies with higher levels of gender diversity – investors choosing stocks, members of the public buying products, or journalists writing about gender parity issues -- can visit the site to learn how their companies do on these measures.
Research Affiliates, a global leader in smart beta and tactical asset allocation strategies, with over $200 billion in assets managed using their strategies (as of 12/31/2017), uses the gender leadership diversity methodology developed by LeaderXXchange for its RAFI ESG Index series, including the Diversity and Governance Index, that promotes sustainability, financial discipline and gender diversity while delivering the potential for added returns through a smart beta approach.
HOW DOES IT WORK?
The Gender Diversity Exchange offers a search engine where users can find information on the largest publicly-traded companies in three regions worldwide, by market capitalization. Using data that the companies disclose, as well as proprietary databases from Paris-based environmental, social, and governance data provider Vigeo-Eiris, the search engine reveals how these companies stack up on gender diversity measures.
WHO IS BEHIND THIS PROJECT?
LeaderXXchange, which advises and promotes diversity and sustainability in governance, leadership, and investment, launched and manages the Gender Diversity Exchange. Sophie L'Helias, the president of LeaderXXchange and an international corporate-governance expert, conceived this project.
To learn more, contact us.