French investors engage companies on gender diversity

ESG Clarity catches up with 30% Club France Investor Group on how it’s challenging gender parity in the boardroom since launching last year

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.

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Natasha Turner

Natasha is global editor at ESG Clarity, part of Mark Allen Financial, and has been a financial journalist for seven years. She has been shortlisted for Story of the Year and Investment Journalist of the...