Dallas, (*132*) States:
Below is an announcement by Julia A. Simon, Chief Legal and Chief Diversity & Inclusion Officer, Mary Kay Inc., on the discharge of the 2022 World Economic Forum’s Global Gender Gap Report.
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Julia Simon, Chief Legal Officer and Chief Diversity & Inclusion Officer (Photo Credit: Mary Kay Inc.)
According to a sobering discovering from the World Economic Forum’s 2022 Global Gender Gap Report, gender parity is past attain in our lifetime. In truth, in line with the report, it is going to take 132 years for gender equality to grow to be a actuality and 151 years to shut the financial participation and alternative gender hole. Not a single nation from the 146 examined has reached parity.
That’s the unhealthy information.
The excellent news? There’s nonetheless time to alter all that. The 2022 findings have shaken me, however they haven’t deterred me. Nor ought to they deter you.
Gender equality is a prerequisite not just for human growth—however sustainable financial progress. A wealthy physique of information exhibits that with out gender parity it’s unimaginable to scale back poverty, attain meals safety, handle local weather impacts, or guarantee a extra peaceable and inclusive society. Gender parity isn’t a “nice to have.” It’s additionally not only a perk of developed nations. It is an important requirement for all nations to develop and prosper.
To mitigate additional backsliding, the structural boundaries limiting ladies’s labor market participation, together with their re-entry and retention within the workforce following COVID-19, have to be addressed. Targeted insurance policies which assist ladies’s expertise growth within the industries of the longer term, and which speed up their development to management and administration positions, are additionally wanted.
The personal sector has a important position to play in addressing gender gaps within the office and in creating the pipeline of girls for management positions. As an organization based by a barrier-breaking businesswoman virtually 60 years in the past, that is private to Mary Kay.
In 2019, Mary Kay signed the Women’s Empowerment Principles (WEPs) and in 2021 the corporate turned a Commitment Maker to the Generation Equality Forum Action Coalitions to speed up progress on gender equality to advance the Sustainable Development Goals.
Mary Kay is collaborating within the 2022-2023 UN Global Compact Target Gender Equality accelerator programme to proceed the implementation of formidable company targets for ladies’s illustration and management within the firm and in our provide chain. Leading by instance and reflecting our perception in elevated ladies’s inclusion, Mary Kay is placing our values and commitments into motion:
Women’s Representation and Leadership at Mary Kay (Data from August 2022):
- 62% of our Global Workforce are Women
- 50% of our Executive Team are Women
- 53% of our Vice Presidents and above are Women
- 57% of our Directors and above are Women
- 59% of our Managers and above are Women
- 70% of our Market Leaders are Women
- 60% of our Leaders in our Top 10 Markets are Women
Gender-Responsive Procurement & Supplier Diversity at Mary Kay (U.S. solely provide chain knowledge from February 2021):
- 66% of our Procurement Team are Women
- 12% of our Indirect Suppliers are Women, Minority or Veteran-Owned
- 5% of our Direct Suppliers are Women, Minority or Veteran-Owned
Our 10-year Sustainability Strategy, titled Enriching Lives Today for a Sustainable Tomorrow, pursues a holistic strategy to advancing gender equality and ladies’s empowerment with the next key commitments to attain by 2030:
- Economically empower 5 million ladies worldwide
- Ensure entry to training for 250,000 ladies and ladies globally
- Provide over 10 million ladies worldwide with gender-based violence assist providers, and
- Develop a 10-year coverage agenda to handle ladies’s rights
Inspired by our mission as an entrepreneurship growth firm based by a girl for ladies, we’re dedicated to advancing ladies’s entrepreneurship and dismantling the boundaries to ladies’s financial empowerment. We introduced this imaginative and prescient to the (*132*) Nations in 2019 and, along with 6 UN businesses, we incepted the Women’s Entrepreneurship Accelerator (WEA) to create an enabling ecosystem for ladies entrepreneurs.
The time to behave is now. Sitting on the sidelines and ready 132 years is solely not an possibility. The Sustainable Development Impact Meeting on “Advancing Gender Equality”, which takes place in New York this month, is a chance for leaders from the private and non-private sector to determine instruments and techniques to shut the gender hole. We owe it to future generations to mobilize our efforts to make the transformative adjustments which can be so badly wanted for ladies and ladies.
ABOUT MARY KAY
One of the unique glass ceiling breakers, Mary Kay Ash based her dream magnificence firm in 1963 with one purpose: enriching ladies’s lives. That dream has blossomed right into a multibillion-dollar firm with tens of millions of impartial gross sales drive members in almost 40 nations. As an entrepreneurship growth firm, Mary Kay is dedicated to empowering ladies on their journey by training, mentorship, advocacy, networking, and innovation. Mary Kay is devoted to investing within the science behind magnificence and manufacturing cutting-edge skincare, colour cosmetics, dietary dietary supplements, and fragrances. Mary Kay believes in enriching lives immediately for a sustainable tomorrow, partnering with organizations from all over the world specializing in selling business excellence, supporting most cancers analysis, advancing gender equality, defending survivors of home abuse, beautifying our communities, and inspiring youngsters to comply with their desires. Learn extra at marykayglobal.com, discover us on Facebook, Instagram, and LinkedIn, or comply with us on Twitter.
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