The gender gap in organizations has narrowed over the past three decades, giving more effortless labor mobility worldwide. There has also been increasing global awareness regarding the right to a dignified and respectful workplace irrespective of the sexual orientation and ethnicity of the employees, which promotes an open and inclusive workplace. However, labor 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.
Diversity, equity, and inclusivity (DEI) are critical to the business performance of the consumer sector, which encompasses retailers and consumer-packaged goods manufacturers, since consumers want to buy goods that reflect their values, wants, and needs. Consumers expect more from brands than ever, and retailers must honor DEI. Understanding the brand, setting DEI commitments from the top, delivering on the pledges, recruiting from diverse pools, and creating a supportive environment can all contribute to DEI.
In 2021, Estee Lauder, LVMH, Ralph Lauren, Associated British Foods, and Colgate-Palmolive had the highest representation of women among FMCG companies.
The Estee Lauder Companies Inc (Estee Lauder) is a US-based manufacturer, marketer, and distributor of personal care products. In 2021, women represented 81.7% of Estee Lauder’s total workforce, a decrease of 2 percentage points over 2020. Estee Lauder has set a target of increasing the number of women from underrepresented groups in its workforce globally and achieving gender pay equity.
LVMH Moet Hennessy Louis Vuitton SE (LVMH) is a France-based manufacturer and marketer of luxury goods. As of 2021, 71% of LVMH's employees were women. The company aims to achieve 50% women representation in its key Group positions by 2025.
Ralph Lauren Corp (Ralph Lauren) designs, distributes, and markets premium lifestyle products, including apparel, accessories, footwear, home furnishings, and fragrances. In the financial year (FY) ending 2022, the company reported 64% women participation in the workforce which remained unchanged over FY2021.
Associated British Foods and Colgate-Palmolive represented 53% and 52% of women in their workforce in 2021, respectively.
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