Equality means business! The Women Empowerment Principles are 7 guiding principles for businesses to empower women in the marketplace, workplace and community. A 2007 Goldman Sachs report concluded that closing the gap between male and female employment would add 9% to US GDP, 13% to European GDPs and 16% to Japan’s GDP. The average household earnings in Middle East and North Africa would increase by 25% if women were fully integrated into the workforce (World Bank 2004).
Companies can unlock growth, increase brand and drive loyalty as well as improve the lives of women and girls. Here are the 7 principles to empowering women in business:
Principle 1: Establish high-level corporate leadership for gender equality
Leadership Promotes Gender Equality
Principle 2: Treat all women and men fairly at work – respect and support human rights and nondiscrimination
Equal Opportunity, Inclusion and Nondiscrimination
Principle 3: Ensure the health, safety and well-being of all women and men workers
Health, Safety and Freedom from Violence
Principle 4: Promote education, training and professional development for women
Education and Training
Principle 5: Implement enterprise development, supply chain and marketing practices that empower women
Enterprise Development, Supply Chain and Marketing Practices
Principle 6: Promote equality through community initiatives and advocacy
Community Leadership and Engagement
Principle 7: Measure and publicly report on progress to achieve gender equality
Transparency, Measuring and Reporting
Thanks very much for such invaluable information. Much to understand and to apply to our daily living.