Fortescue Metals Group is the only Australian company to be recognised among Parity.org‘s list of Best Companies for Women to Advance this year.
It was also the only mining company included in the thirty five companies that made the list.
Fortescue was selected on the basis of practice and policies that benefit and keep women in the workforce, along with having women in leadership positions.
It was also rated in the areas of recruitment, benefits, training and measurement and representation.
Parity.org‘s findings aim to highlight companies that are supporting women in the workplace and aiming to close the gender gap across their industries.
Only 18 per cent of all companies had a female chief executive, with Fortescue being one of them.
Fortescue chief executive Elizabeth Gaines said inclusive and diverse culture had helped the company’s strong performance as one of the world’s major miners.
“Fortescue has long advocated the benefits of diversity and research continues to reinforce our view and experience that building a diverse workplace is not just the right thing to do, it’s the smart thing to do,” she said.
“In fact, I believe our inclusive, diverse culture has strongly influenced Fortescue’s industry leading performance, and has contributed to a 54 per cent increase in our market capitalisation to $42.6 billion over the 12 months to 30 June 2020.
“Setting the tone for equality in the workplace starts from the top and I am proud that Fortescue continues to lead from the front with 44 per cent female representation on our board of directors and a diverse management team with women representing 26 per cent of our senior leadership.
“This is why we remain focused on building a pipeline of aspiring female leaders through a range of practical initiatives including paid parental leave, flexible working arrangements and leadership development programs.”
Fortescue signed ParityPledge last year to bring gender equality into the highest positions in the business, publicly committing to interview at least one woman for each executive position.
Out of all companies that made Parity.org‘s list, 55 per cent made a public commitment to gender parity in leadership that includes vice presidents and higher, with 24 per cent publicly vowing to provide gender parity that includes directors and higher.
Other findings from Parity.org revealed that 70 per cent of the companies that made the list conducted sensitivity training, with a focus on inclusion, diversity and respect.