Stanchart Kenya Named by Equileap as Top Company in Kenya for Gender Equality

Standard Charted Bank Kenya has achieved more when it comes to accelerating gender equality at the workplace.

The Gender Equality in the Workplace Report by the Nairobi Securities Exchange (NSE), EQUILEAP and New Faces New Voices, is a culmination of research placing a special focus on presenting  60 Kenyan listed companies performance on gender equality.

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Diana van Maasdijk, CEO at Equileap, explained: “The report shows that Kenyan listed companies are outperforming their global counterparts in certain areas, with more female CEOs than the FTSE 100 for instance. However, this stronger female leadership and commitment to gender equality still needs to be accompanied by greater transparency in areas such as the gender pay gap, which currently goes undisclosed in Kenya.”

Andia Chakava, Chairperson, New Faces New Voices (Kenya Chapter), added: “With forecasts anticipating a dramatic growth of the proportion of women working in the formal economy in the next twenty years, the objective of this report is to help business leaders understand the diversity of their organisations and policymakers to better target gender-focused initiatives.”

Geoffrey Odundo, Chief Executive, Nairobi Securities Exchange, commented: “Addressing gender equality will unlock trillions of dollars of currently unrealised economic value across the globe. The NSE is playing its part by continuously supporting research on gender equality issues such as this Equileap Report, which we believe will bring out real issues that need to be addressed to attain gender equality in our market.”

The report adopted a unique methodology referred to as the Gender Equality Scorecard™ developed by EQUILEAP.

The scorecard employs metrics such as gender balance in the workforce, senior management and boards, publication of gender pay gap, provision of parental leave by the company, anti-sexual harassment policy and supplier diversity policy.

Equileap ranks businesses based on 19 gender equality criteria, including gender balance across the workforce, the gender pay gap, paid parental leave and anti-sexual harassment policies.