Equal Opportunities and Skills

  • A McKinsey (2010) study of 279 big corporate enterprises from the UK, France, Germany, Spain, Sweden, Norway, and the BRIC countries (Brazil, Russia, India and China), compared the companies with women in top management with companies without women in top management. The comparison was made per sector and those with women in top management were more successful than the companies managed by just men. The return on equity was 41% higher in these companies and the EBIT margin (i.e. earnings before interest and taxes) was 56% higher.
  • Credit Suisse Institute (2013) revealed that male dominated firms had recovered more slowly than gender-balanced firms since the 2008 financial downturn. Many big companies both in Europe and United States are well aware of all these facts. Most of the big companies have people directly employed to guarantee progress on equal opportunities.

 

Example: Gender action plan in leading car industry

From 2016-2017 NCG is providing support to Tofaş car manufacturing industries in Bursa,Turkey. The project is jointly financed by Tofaş and the EBRD. Tofaş is part of Koç Holding A.Ş, which is the top industrial conglomerate in Turkey. Tofaş initiated the Tofaş Women at Work Programme and NCG has supported the company in finding solutions and drawing up a gender action plan for the implementation of the areas Tofaş has decided to invest in. This includes, but is not limited to practical aspects such as uniforms, facilities and introducing gender into score-cards to breaking gender stereotypes potentially hindering women and men from undertaking certain kind of jobs.