Beyond the boardroom: 5 tips for improving gender equality across the value chain

Barry Callebaut, a leading supplier of high-quality chocolate and cocoa products, invited two female managers from Ivory Coast to visit its factory in Belgium and talk about their challenges on the ground. Photo by: The Barry Callebaut Group / CC BY-NC

The economic case for investing in women is now well established. A report from McKinsey estimates that between $12 trillion and $28 trillion could be added to the global economy every year by 2025 if women were to obtain equal access and rights in labor markets. Empowering women has been shown to be good for a business’s balance sheet, and companies with diverse workforces are more likely to outperform their peers.

Despite this, many businesses are still lagging behind. Recent research indicates that, at current rates of progress, full economic equality could take another 170 years to achieve. Today, women are still less likely than men to have paid jobs. Of those who do, they earn little over half as much as men on average, according to the 2016 World Economic Forum Global Gender Gap study.

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About the author

  • Edwards sopie

    Sophie Edwards

    Sophie Edwards is a Reporter for Devex based in London covering global development news including global education, water and sanitation, innovative financing, the environment along with other topics. She has previously worked for NGOs, the World Bank and spent a number of years as a journalist for a regional newspaper in the U.K. She has an MA from the Institute of Development Studies and a BA from Cambridge University.