NSE joins Global Exchanges in Ringing the Bell for Gender Equality

Mumbai, March , 2019: For the fifth consecutive year, a global collaboration across 80 stock exchanges around the world plan to ‘Ring the Bell for Gender Equality’, to celebrate International Women’s Day 2019 (Friday, 8 March 2019).

The events are a partnership between IFC, Sustainable Stock Exchanges (SSE) Initiative, UN Global Compact, UN Women, the World Federation of Exchanges and Women in ETFs, to raise awareness about the business case for women’s economic empowerment and the opportunities for the private sector to advance gender equality and sustainable development.

NSE joins Global Exchanges in Ringing the Bell for Gender Equality

As part of the events, participants are encouraged to make commitments to improve gender equality in their market, encourage implementation of the Women’s Empowerment Principles (WEPs), a joint initiative between UN Women and the UN Global Compact that provides holistic guidance to business on empowering women.

NSE invited the women leaders from NSE to ring the bell at NSE, Mumbai to express our support to the cause of women equality. The event was led Ms. Priya Subbaraman, Chief Regulatory Officer, NSE who also addressed the gathering on the UN Women’s theme “Think equal, build smart, innovate for change”.

Mr. Vikram Limaye, MD & CEO, said, “NSE has always emphasized on creating an inclusive work environment and has been promoting gender equality at the workplace. Women form over 28 percent of NSE’s human resources pool and also hold key managerial positions. Exchanges have become one of the most important capital markets pillars and exchanges can play a lead role in spreading awareness about gender equality”.

As per the report published by SSE on Gender Equality, empowering women in the workplace also generates financial returns in the private sector. Research shows that companies with at least one female director have better share price performance and return on equity, and companies with more than one woman on the board return 3.7% a year over those that have none. Having at least 30% of women in leadership positions added 6% to net profit margin.