Diversity, equity, and inclusivity (DEI) in an organisation help bring unique perspectives and ideas to create more innovative, productive, and resilient enterprises. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
Over the past three decades, the gender gap in organisations has narrowed, attributed to labour mobility worldwide. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.
Societe Generale SA (SG) is a provider of banking and financial services. Its product offering comprises insurance, accounts, cards, deposits, financing, equities, fixed income and currencies, and alternative investments. In 2021, the company reported 56% women participation in its workforce, a decrease of 0.4 percentage points over 2020. Representation of women in the company at the senior management level was 43% which remain unchanged over 2020.
In 2021, the representation of non-french nationals on the management committee of Societe Generale was 27%. In France, the regulatory and cultural environment makes it difficult to disclose diversity in terms of ethnicity or race.
Societe Generale has set a goal to have at least 30% women on the strategic committee, the executive committee and in key positions of the Group.
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