Sophie Bellon, Board Chair of Sodexo.
Sodexo Recognised for Gender Equality
Sodexo was the recipient of the inaugural "Female Chair Prize" at a ceremony launching the European Gender Diversity Index compiled by European Women on Boards (EWoB) and Ethics & Boards, earlier today.
Recipients of the award are selected from the largest 200 member companies of the Stoxx Europe 600 index and must be chaired by a woman whilst also featuring significant boardroom representation.
Fifty-four percent of Sodexo’s Board of Directors now comprises of women, with women also accounting for 37 per cent of the group's Executive Committee and 33 per cent of all executives.
Overall, women account for 55 per cent of Sodexo's global workforce of 460,000 employees.
Looking beyond numbers, Sodexo believes that gender equality is a strategic imperative. Sodexo surveyed 50,000 of its managers from over 70 entities as part of its Gender Balance Study, which revealed that teams with a male-female ratio of between 40 percent and 60 percent out-performed on financial and non-financial indicators. Sodexo’s goal is that by 2025 women will represent at least 40 percent of its senior leadership staff. To ensure that all senior executives—both men and women—understand the value placed in reaching this goal, 10 percent of their annual bonus is impacted by their progress toward meeting it.
To reach this goal, Sodexo has established a global strategy for gender equality, in order ensure opportunities for the advancement of women. This strategy forms the basis for a number of initiatives, including inclusive workplace training, mentoring, and gender networks throughout the Group. The cornerstone of this strategy is the SoTogether advisory board, which is dedicated to promoting women's professional advancement, and more broadly, gender equality on the global scale.
About the European Gender Diversity Index
European Women on Boards (EWoB) and Ethics & Boards published their first European Gender Diversity Index. The comparative ranking analyses the 200 largest companies of the Stoxx Europe 600 registered in nine European countries (*) with regards to gender diversity in corporate top positions on Boards and Executive committees. Three criteria have been applied to establish the 2018 Index:
- The percentage of women on Boards
- The presence of a woman serving as Chair of the Board
- The presence of women serving as Chief Executive Officer or Chair of the Executive Board