SustainFinance Event: "Genuine Qualities in achieving Gender Equity"

NEW YORK, Oct. 3, 2021 /PRNewswire-PRWeb/ -- The event "Genuine Qualities in achieving Gender Equity" will be held on 15th of October at 11:00 am UTC, 12:00 pm London and 07:00 am New York. It will also be broadcast on the website http://sustainfinance.org/

The discussion will be hosted by Ilkay Demirdag, ESG and Investor Relations Strategist. It will be about how a company can attain the 'right culture' and how this starts at the very beginning: with the hiring process.

At the event, our article https://www.thebanker.com/ftauthor/view/Nouriel+Roubini%2C+Kübra+Koldemir+and+Paul+Smith  will be discussed published by The Banker and authored by renowned economist Dr. Nouriel Roubini, Kubra Koldemir and Paul Smith, CFA. Dr. Nouriel Roubini is CEO of Roubini Macro Associates and the Co-Founder of theboombust.com, Kubra Koldemir is Sustainability Business Writer at SustainFinance & Researcher at Argüden Governance Academy and Paul Smith, CFA is Founder at SustainFinance and former CEO at CFA Institute.

The distinguished speakers are Sarah Maynard, Global Head, External Inclusion & Diversity Strategies at CFA Institute at CFA Institute, Martina Macpherson, Head of Strategy at ODDO BHF Asset Management and Caroline Codsi, Founder and Chief Equity Officer at Women in Governance.

Company culture is vital. Companies need to hold themselves accountable for their actions from the very beginning of the hiring process and for the systems they put in place. When an equal number of women and men are hired into entry-level positions, both genders can move up the corporate ladder in lockstep. However, if your entry-level hiring is biased towards men, the disparity will automatically increase as there are fewer women who are qualified to move into leadership positions.

A better approach would be to design the hiring process to ensure that organisations recruit a genderbalanced intake while working consciously to ensure that as people move up the organisation, and new blood is brought in at senior levels, a gender-equal workforce is maintained. This needs to be intentional — it will not happen naturally or by accident, as the biases within society work against women at all levels from entering and staying in the workforce.

Many gender issues are very subtle and difficult to combat, often because the problem is not recognised in the first place. For instance, the presence of a dominant group or a gender imbalance in leadership can make it extremely difficult to prove gender bias or to improve female mentorship and promotion prospects. When we don't recognise the existence of a problem, structural issues will remain and solving the challenge becomes much harder.

In the article, Yapi Kredi Bank from Turkey was demonstrated as a good practice example. Its late Executive Vice-President, Hakan Alp, was an advocate of gender diversity. Its female employees currently outnumber male staff, representing 62% of the workforce. Yapi Kredi Bank approaches its employees in a holistic way, supporting female employees' work-life balance and, when necessary, even providing support in their private lives. In 2021, Yapi Kredi Bank was included in the Bloomberg Gender Equality Index, where corporations are evaluated on pay equality, culture of inclusion, women's talent pipeline, policies to combat sexual harassment and women-friendly brand identity. They are taking deliberate measures in the HR department to increase the middle-level female manager ratio, which was 40.3% in 2020.

This event will be powered by https://www.instaacoders.com/ on SustainFinance website.

Media Contact

Kubra Koldemir, SustainFinance, +1 (347) 296-5725, [email protected]

SOURCE SustainFinance