What makes for an efficient financial market? Any market participant could probably list ten things without burning a calorie, but one thing that would probably make everyones list is information. Financial markets need information in order to work efficiently.
Across the globe, with few exceptions, women are underrepresented in management, on corporate boards, and in better-paid technical professions. They are paid less than men for substantially equal work.
For those of us committed to sustainability, 2016 was a year of drama. There were some great highs, including the entry into force of the Paris Agreement, in which most countries committed to reduce greenhouse gas emissions. And then there was the election, which brought climate skeptics into senior Administration positions.
Equality is one of those concepts that sounds simple (and should be simple), but in reality is quite complex. The same goes for diversity. And the real trick is not in achieving one or the other, but both.
Equal pay for equal work: its not just the law, it makes sense financially and ethically. But just because something is sensible doesnt make it standard operating procedure. Every country in the Organization for Economic Co-operation and Development (OECD) has a gender pay gap, ranging from Koreas 36.6% pay gap to New Zealands 5.6%.1