Largest Gathering of Private Sector at the UN Commission on the Status of Women Support Strategic Partnership to Deliver on Gender Equality
(New York, 10 March 2015) – At the 59th Commission on the Status of Women an unprecedented number of business leaders, UN Member States and civil society organizations gathered for the Women’s Empowerment Principles (WEPs) event, Unlimited Potential: Business Partners for Gender Equality, to promote the business case for involving women at every level and the need for all stakeholders, including business, to be strategic partners for gender equality and sustainable development.
“Women and men who understand that gender equality is not just morally right, but is the smart thing to do are growing in number,” said Hillary Clinton at today’s event. “What we are doing here today is smart for companies and countries. That is the wisdom behind the Women’s Empowerment Principles.”
“The progress of the past 20 years was not an accident. It took commitment, it took accountability, it took unity, it took a lot of hard work.” She later added, "I’m excited where we are and particularly that we have brought in so many businesses that understand the role that they can play…let’s keep working until we can finally say that the unfinished business of the 21st century is done.”
The Women’s Empowerment Principles – a partnership initiative of the UN Global Compact and UN Women – provide 7 Principles, for the private sector to empower women in the workplace, marketplace and community. Launched in 2010 with 40 CEO signatories, WEPs support from top business leaders around the globe now exceeds 900 CEOs and continues to grow. At the meeting, companies implementing the WEPs reported on efforts to eliminate gender bias, increase women’s leadership, equalize pay, open opportunities in technical fields and along the supply chain. This year’s meeting also recognized five outstanding business leaders with the coveted WEPs CEO Leadership Award for bringing principles into practice and leading by example.
In his opening remarks, UN Secretary-General Ban Ki-moon noted: “Now it is clear that achieving gender equality will require the concerted efforts of all actors. The Women’s Empowerment Principles provide a roadmap for businesses to play their role in respecting and supporting women’s rights,” he said. “Removing the barriers that keep women and girls on the margins of economic, social, cultural and political life must be a top priority for us all – businesses, Governments, the United Nations and civil society.”
This WEPs meeting is especially significant as it is being held for the first time as an official side event of the 59th Commission on the Status of Women, which is currently meeting to review global implementation of the Beijing Platform for Action and take stock of where women stand today. At the time of the Beijing Conference twenty years ago, the business community was just beginning to understand the importance of including women at all levels and eliminating gender discrimination.
“This is the moment for the private sector to take its place as a key partner in the achievement of gender equality and the empowerment of women, and to make a transformative difference. If the status quo continues, nothing changes. I call for active and energetic implementation of the Women’s Empowerment Principles, working with Governments, the UN and all other partners. The WEPs hold enormous potential to radically change the landscape of employment conditions and opportunities for women. We want to see a surge in the number of businesses with WEPs in place in the next five years, so that we can achieve full equality before 2030. This is a practical, scalable way to empower women and at the same time boost productivity and economic results,” said UN Women Executive Director Phumzile Mlambo-Ngcuka.
Speakers included Karin Finkelston, World Bank Group; Maurice Sehnaoui, Chairman, BLC Bank of Lebanon; and Joseph Keefe, President and Chief Executive Office of Pax World Fund and Chair of the WEPs Leadership Group. Participants underscored the need to scale up investment in women and girls, ensuring equal access to public services, healthcare, education, jobs, finance and justice. Citing new and extensive research-based findings, speakers pointed to the high rate of return of investing in women for both Governments and businesses.
Joseph Keefe said, “Gender equality is not only the greatest human rights issue of our time, but the business community and society at large are beginning to understand that it is also the greatest economic challenge of our time.”
Georg Kell, UN Global Compact Executive Director said, “The business case for gender equality grows stronger and stronger—it connects our efforts across all sectors. For communities, the environment and economies to thrive, the UN and Governments, business and civil society must take action on these issues with the same energy and urgency made famous at Beijing in 1995,” he added.
Five CEOs Recognized for Leadership on Gender Equality
Since 2013, each WEPs Annual Event has included the announcement of the WEPs CEO Leadership Awards, saluting five exceptional CEOs for championing gender equality and the 7 WEPs Principles, in particular Principle One, which urges CEOs to lead by example. Conferring the awards, Elizabeth Broderick, Sex Discrimination Commission, Australian Human Rights Commission and Chair, WEPs Leadership Group said: “What I’ve also come to understand vividly is that women’s empowerment desperately needs action on the ground and in the halls of power—be it Parliaments, Departments of Justice, at the UN or in the C-Suite offices around the world,” she said. “ As these five CEOs and their companies demonstrate, the 7 Principles are a unique gender equality roadmap for tangible actions and measurable results.”
As advancing women in the workplace, marketplace and community requires implementing a range of tailored strategies and actions to achieve concrete, sustainable programmes with measurable impact, the WEPs CEO Leadership Awards are structured to reflect diverse avenues to reach those goals. The 2015 WEPs CEO Leadership Award recipients are:
About the Women’s Empowerment Principles
The Women's Empowerment Principles – Equality Means Business is a joint initiative of UN Women and the UN Global Compact. The Principles outline seven steps for business on how to empower women in the workplace, marketplace and community. The Principles highlight that empowering women to participate fully in economic life across all sectors and throughout all levels of economic activity is essential to build strong economies; establish more stable and just societies; achieve internationally agreed goals for development, sustainability, and human rights; improve quality of life for women, men, families and communities; and propel business' operations and goals. Learn more at www.weprinciples.orghttp://www.weprinciples.org.
About the 2015 WEPs Leadership Awards
The Annual Women’s Empowerment Principles Event features the WEPs Leadership Award to salute CEO commitment and innovation to realize gender equality. The Awards highlight concrete and innovative actions taken to advance the 7 Principles, and particularly showcases Principle One: Leadership Promotes Gender Equality. The WEPs Leadership Awards Committee is comprised of members of the WEPs Leadership Group, a multi-stakeholder volunteer body that provides strategic guidance to the WEPs partnership of the UN Women and the UN Global Compact. It represents business, academia, civil society, women’s organizations and international institutions. For complete information about the Awards, winners and Awards Committee, please visit www.weprinciples.org/Site/WepsLeadershipAwards.
# # #
UN Global Compact
ANNEX OF AVAILABLE QUOTES
A. WEPs 2015 CEO Leadership Awards Quotes
"I am proud to be the first woman CEO from Latin America to receive this prestigious award and thankful for the recognition it confers on my efforts to champion gender equality. I have been working to advance women’s empowerment for almost thirty years, and this great honor bolsters my commitment to advance the Women’s Empowerment Principles not only at my company, Omnilife/Angelíssima, but also in Mexico, Latin America, and throughout the world.”
Angélica Fuentes, Chief Executive Officer, Omnilife
“Gender equality will be achieved when people are able to access and enjoy the same rewards, resources and opportunities regardless of whether they are a woman or a man. Operating in all geographies, the Women Empowerment Principles offer a global and common guidance across the organization on key components of our gender equality policy. Companies have a key role to play as “change agents” to build a world where gender equality becomes thus generating progress of all.”
Jean-Pascal Tricoire, Chairman and Chief Executive Officer, Schneider Electric
“Gender diversity in corporate leadership generates better company performance and increases innovation - this is not a belief, it’s a well-researched fact. For our organisation, this recognition is a huge affirmation that we are on the right track, it also gives us a platform to further promote the WEP principles in our industry and across the wider community, which will hopefully inspire others and enable us to gain further momentum with progressing these issues in New Zealand.”
Symon Brewis-Weston, Chief Executive Officer, Sovereign Assurance
“Perhaps the simplest yet most profound thing this recognition does is send a message to our communities, to our clients and to our talent – Deloitte is truly committed to equality, including the empowerment of women. Without question, these Principles challenge the business community to raise our game. It provides a broader, more global platform to learn from and encourage one another."
Frank Vettese, Managing Partner and Chief Executive, Deloitte Canada; and Member, Global Executive Committee Deloitte Touche Tohmatsu Limited
“The Women’s Empowerment Principles are a backbone for design and implementation of company measures and structures to achieve gender equality. The Platform serves as an inspiring resource to learn about the good practices of other companies regarding women’s rights and to exchange ideas and experiences."
Alexander Wrabetz, Director General, Österreichischer Rundfunk
B. World Leaders and Government Quotes
“We must urgently and decisively put the rights of people in vulnerable situations, particularly women at the centre of our climate work and leverage both men and women to break through the status quo. Given its technological and investment know-how the business community has critical role to play in women’s social and economic empowerment thus contributing to sustainable development and ensuring that no-one is left behind as we make the necessary transition to a low-carbon economy."
H.E. Mary Robinson, Special Envoy for Climate Change, United Nations
“Through the Beijing+20 reflection and the rigorous debate on the next set of development goals, Governments acknowledge that there is no time to spare to fulfil the Beijing Platform commitments on education, health, economic empowerment, political participation—women’s and girls’ human rights overall. Twenty years ago the private sector had yet to come to the table – today’s WEPs Annual Event symbolizes a welcome new momentum towards engagement and accountability.”
Manuela Schwesig, Federal Minister of Family Affairs, Senior Citizens, Women and Youth, Federal Republic of Germany