When Emmanuel Macron became French president in May 2017, he declared gender equality the “great cause” of his time in office. As it stands, according to Ethics & Boards, the percentage of women on executive committees in the SBF 120 – the index of France’s biggest companies – in March 2021 is 22.4%.
The 30% Club France Investor Group, which launched in November last year, is calling on French large caps to ensure executive management teams comprise 30% women by 2025.
“We didn’t want to wait for government regulation,” says Marie Fromaget (pictured), ESG analyst at Axa Investment Managers, which initiated the group. “We saw the 30% Club Investor Group was working well in the UK so we wanted to replicate it.”
Read the full article in the March issue of ESG Clarity’s digital magazine.