French companies are “more open” to engaging on gender diversity, said asset owner and manager members of the 30% Club France Investor Group in its 2022 annual report. Over the course of last year, the group conducted 18 in-person and online engagements with investee companies, observing general improvements in the acknowledgement of the importance of gender diversity and setting broad targets. However, the report said the scope of these targets and time horizons “lack homogeneity, making it difficult to work towards the goal of 30% female representation at the highest levels of management”. Through the 30% Club French Investor Group’s ‘soft engagement’ campaign, a KPI list was also developed and sent to all companies in the SBF 120, outlining their reporting expectations. “The 30% Club France Investor Group has a solid foundation to lead into year three of the group. We hope that companies will consider these insights for their reporting,” the report said. The 30% Club is a global campaign to increase diversity at the board and executive committee levels. The France Investor Group is a coalition of asset owners and managers that are responsible for stewardship on behalf of their members and clients.
📰 @AllianzGI_FR & Candriam, as co-chairs of the 30% Club France are pleased to announce the publication of the 2nd annual report & are looking forward to following on the action plan supported by 14 other institutional investors 👉 https://t.co/BMKZrWpNda #GenderDiversity pic.twitter.com/mdTDsMU5Wp
— Candriam (@candriam) January 16, 2023