2021-08-31-瑞士信贷集团-2021年瑞士信贷性别3000_扩大多样性讨论_84页_1mb

Credit Suisse Gender 3000 2021: Broadening the Diversity Discussion

Executive Summary

• Gender diversity in corporate leadership and workforce drives corporate performance, with a measurable "diversity premium."
• Europe and North America lead in board diversity, with Asia and Latin America lagging significantly.
• Female representation in management improves globally, but gaps persist in regions like Asia and Latin America.
• Gender diversity beyond binary (LGBT+) correlates with higher ESG ratings and financial performance.
• Female founders face barriers in accessing venture capital, yet show resilience and higher returns in certain sectors.
• Scientific careers often involve a "leaky pipeline" with significant attrition of women at advanced stages, exacerbated by family responsibilities and unconscious bias.

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Key Findings

Boardroom and Senior Management Diversity

• Female representation on corporate boards increased by 8.9 percentage points from 2015 to 2021, reaching 24.0% globally.
• Europe leads with 34.4% female board representation, while Japan trails at 11.5%. Latin America remains the lowest, at 12.7%.
• Female executives in senior management rose from 17.6% to 19.9%. Tech companies lag in female management representation.
• Companies with higher gender diversity at the board and C-suite levels exhibit higher EBITDA margins, stronger returns on invested capital, and lower debt levels.

Gender Diversity Beyond the Binary

• Companies with strong gender and LGBTQ+ diversity policies perform better on ESG metrics and attract higher venture capital funding.
• Female-founded businesses are smaller and have lower valuations, but often outperform peers in debt equity and net debt/EBITDA ratios.
• GLI (Gender Lens Investing) assets grew to USD 10 billion, focusing on women-led businesses.

Female Entrepreneurs and the Entrepreneurial Gap

• The ratio of female to male-founded start-ups improved from 0.62 to 0.73 by 2020, but COVID-19 reversed gains in many regions.
• Female-founded businesses earn less revenue and face funding gaps, partly due to venture capital biases.
• Progress is fastest in North America and Europe; Asia and Latin America remain laggards.

Women in Science and the Leaky Pipeline

• Women are underrepresented in STEM education and careers, though female graduates are more common at early stages.
• Dropout rates increase at senior levels due to part-time work, family responsibilities, and lack of role models.
• Only 30% of Nobel laureates in STEM are female, despite groundbreaking contributions. Return to research during COVID-19 disproportionately affected female scientists.

The Role of Investors and Policy

• Investors increasingly integrate gender diversity into ESG criteria, with GLI growing as a key strategy.
• Regulatory pressures (e.g., SEC, Nasdaq) and country-specific quotas (e.g., France's 44% female boards) are accelerating change.
• Unconscious bias in venture capital remains a barrier, limiting female founder access to funding despite higher returns.

Conclusions and Recommendations

• Gender diversity enhances corporate performance, ESG ratings, and innovation.
• Regulatory frameworks, investor engagement, and corporate policies are critical to accelerating progress.
• Addressing barriers in STEM, entrepreneurship, and work-life balance requires systemic change, including flexible work models and better childcare access.

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Appendix Notes

• Country-specific gender quotas and disclosure requirements are proliferating globally.
• Financial metrics for gender-diverse companies show consistent, quantifiable benefits across regions and sectors.