Severn Trent top performer in gender balance report
Severn Trent has been named as one of the top performing companies in the country for gender diversity in a new independent report.
The utility firm was highlighted in the annual Hampton-Alexander Review as one of the top three companies in the FTSE 350 when it comes to women holding senior positions.
Severn Trent was also ranked as the best performing utility in the report, because the number of women being part of the board and the executive committee is well above the sector average.
The review is an independent report, backed by the government, which monitors the gender balance in more than 20,000 senior leadership positions in FTSE 350 companies.
Severn Trent recently announced that Christine Hodgson will be joining as its new chair in April, becoming only the second ever FTSE 100 company to have a female chair and a female chief executive.
“I’m incredibly proud that Severn Trent has been named as one of the best performing companies in the FTSE 350 when it comes to gender diversity at senior management and board level,” said Severn Trent chief executive, Liv Garfield.
“In fact, it’s encouraging to see the progress that’s been made generally over the last 12 months across boardrooms up and down the country. However, the report is very clear that more could and should be done.”
“While we’re thrilled to be seen as playing our part, we can also do more to reflect our diverse workforce in our own boardroom,” added Garfield.
“Only recently, we announced the exciting news that Christine Hodgson will be joining us in April as our new Chair, reinforcing our commitment to being an inclusive and diverse organisation, at every level.”
The Hampton-Alexander Review revealed that the FTSE 250 has had its strongest year yet for female appointments and if the same rate of progress continues next year, the FTSE 350 will be on track to meet the 33 per cent Women on Boards target by the end of its 2020 deadline.
“This is the penultimate Hampton-Alexander Report and we enter our final year with great momentum behind us. If this progress continues into 2020, our targets for Women on Boards will be met,” said review chair, Sir Philip Hampton.
“Whilst this is a key indicator of change at the top, strengthening the number of women in executive positions is critical to achieving long-term gender balance. We are still a long way from reaching the target for women in senior leadership roles below board level. Unless half of all appointments made this year go to women – our target for 2020 is not going to be met.”
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