Korn Ferry: The Push for Equality in Energy
Raffaello Raimondi and Shelly Fust, consultants from Korn Ferry, published new insights.
As sectors go, the push for innovation in energy is everywhere, from the search for more renewable sources to clean tech. But a new study suggests that innovation is still lagging behind in one key area: gender parity at the top.
According to a new report from S&P Global, progress towards gender diversity in energy sector leadership is being made, albeit slowly. The report found that growth in the number of women on energy company boards, in the C-suite, and in senior management roles accelerated over the last decade. Women now represent 15% of board members and 13% of C-suite executives in the global energy sector, according to the report.
To put that growth in perspective, however, at the current rate the report says that energy boards wouldn’t achieve gender parity until 2058. Moreover, it would take more than 70 years for energy companies to reach gender equality in the C-suite.