Insurers recognised as leaders in gender equality

Insurers recognised as leaders in gender equality | Insurance Business

Insurers recognised as leaders in gender equality

Seven insurance providers have made it to the 2018-19 Workplace Gender Equality Agency’s (WGEA) Employer of Choice for Gender Equality (EOCGE) citation holders list.

Suncorp Group, Allianz Australia, ANZ Banking Group, MLC Life Insurance, NAB, TAL, and Westpac Banking Corporation are among the record 141 organisations recognised for their employer commitment and best practice in promoting gender equality in Australian workplaces.

“Our EOCGE citation does not signify that these employers have solved all of their gender equality issues. Rather, it recognises that they have embraced a rigorous and detailed programme to transform their workplaces,” said Libby Lyons, WGEA director. “These leading employers know the importance of achieving gender equality for their employees and for their business and are implementing leading-practice measures to do so.”

Suncorp, six-time EOCGE citation holder, said the company has made great progress towards gender balance, with 50% of the board and senior-leadership team with roles now held by women.

“This is an important acknowledgement of our commitment to embed equality across the business, through inclusive workplace policies and practices,” said Michael Cameron, Suncorp CEO and managing director and WGEA pay equity ambassador. “We recognise that we will be our best when our workforce is as diverse, talented, and passionate as the communities in which we operate. We have achieved gender balance across our leader roles, and we continue to embed equality for all genders throughout the organisation.”

Allianz Australia, which has been awarded the EOCGE citation for the 10th consecutive year, said the company is on track to reach its target of 40% women in leadership positions by 2020 and has achieved a like-for-like gender pay gap of no less than 1%.

“Whether we are talking about the fair representation of women and men across the organisation, or ensuring equal pay for equal contribution, embracing diversity drives entrepreneurial thinking and better business results,” said Richard Feledy, Allianz Australia managing director. “We will ensure that gender equity remains at the forefront of all business practices at Allianz – not just to achieve our goals, but for the benefit of our people, our customers and the community.”

Criteria for the citation included leadership, learning and development, gender remuneration gaps, preventing sex-based harassment and discrimination, and targets for improving gender equality outcomes.