2013 - 20-first - building gender balanced...
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Every year, the 20-first Global Gender Balance Scorecard looks at a single measure of progress: the gender balance of the Executive Committee of the TOP 100 companies in three key regions of the globe (see www.genderbalancescorecard.com for global statistics). This companion survey focuses in on the gender balance of 10 top Consumer Goods companies. Whereas much attention has been paid to the gender balance of Boards, we argue that the Executive Committee is a much better indicator of corporate progress in managing and developing talent in a truly meritocratic and gender “bilingual” way. Today, more and more companies are waking up to the 21st century reality, where most of the educated talent in the world and a majority of the consumer market is female. Many have begun to make gender balance in leadership a strategic priority. Let’s take a look at what the top Consumer Goods companies have achieved to date. THE CORE METRIC 20-first © 2013 | www.20-first.com Info: [email protected] In our sample of the Top 10 Companies in Consumer Goods, there are a total of 130 Executive Committee members. We define the Executive Committee as the group of executives who report directly to the CEO. 87% of these Executive Committee members are men (113) while only 13% are women (17). Of these 17 women, roughly half of them (9, 7% of total) are in staff or support roles. The other half (8, 6% of total) are in line or operational roles. Notable companies include Coca-Cola, Kraft Foods, PepsiCo, and L’Oreal who are all progressing with 18%, 21%, 17% and 20% of women on their Executive Committee respectively. Heineken and Procter & Gamble however do not yet have a single woman on their Executive Committee. GLOBAL GENDER BALANCE SCORECARD Focus on Consumer Goods NOVEMBER 2013 2013 KEY FINDINGS Executive Committee = line = staff 113 8 9 * Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc. Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc. THE SIX PHASES OF THE GENDER JOURNEY The Top 20 companies on the following pages are segmented into one of the following six phases: Asleep. Exclusively male team. 100% M / 0% F Token. One (or two) women in staff or support function. < 15% F Starting Smart. One (or two) women in central core or operational role. <15% F Progressing. M/F ratio between 85 % M / 15% F and 76% M / 24% F. Critical Mass. M/F ratio of at least 75% M / 25% F. Balanced. Minimum of 40% of either gender. The data for this survey is based on publically available information provided by the Top 20 companies on their websites as of June 2013. The list of companies was drawn from the Fortune 500 Global rankings published in July 2012. You might think some sectors would naturally get the gender business case. Some are starting to do so, but not always the expected ones. Of eleven sectors we analyse, Pharmaceuticals comes top in 2013, just ahead of Retail and Aerospace & Defence. Bottom place is reserved for Automotive, despite the huge purchasing influence of women on that business. There may be shortages of women studying science and technology, yet the Technology sector actually claims 2 of the 9 female CEOs of the world’s top 300 companies, at HP and IBM. Contrast that with Retail, whose market is strongly female, yet where not one major company is headed by a woman. Consumer Goods, with a huge interest in female purchasing power, lags behind Aerospace & Defence, with only 13% of executive places female. What’s going on when defence specialist Northrop Grumman has more women on its Executive team than Procter & Gamble, Danone and ABInBev put together? It does seem extraordinary that in the second decade of the 21st Century, so few Consumer Goods executives are female. Ahead of the pack are Kraft, L’Oreal, Coca- Cola and PepsiCo. with between 21% and 18% women executives. But PepsiCo’s Indra Nooyi remains the solitary female head of a consumer goods major. P&G, which has made efforts to get more gender balance into management, has still to appoint a single woman to its top team. If even Defence companies can find great female talent, why are Consumer Goods lagging in an area that is so important to them? Avivah Wittenberg-Cox CONSUMED BY MEN (Sven Paustian)
Transcript of 2013 - 20-first - building gender balanced...
Every year, the 20-first Global Gender Balance Scorecard looks at a single measure ofprogress: the gender balance of the Executive Committee of the TOP 100 companies inthree key regions of the globe (see www.genderbalancescorecard.com for globalstatistics). This companion survey focuses in on the gender balance of 10 top ConsumerGoods companies.
Whereas much attention has been paid to the gender balance of Boards, we argue thatthe Executive Committee is a much better indicator of corporate progress in managingand developing talent in a truly meritocratic and gender “bilingual” way.
Today, more and more companies are waking up to the 21st century reality, where mostof the educated talent in the world and a majority of the consumer market is female.Many have begun to make gender balance in leadership a strategic priority. Let’s take alook at what the top Consumer Goods companies have achieved to date.
THE CORE METRIC
20-first © 2013 | www.20-first.com
Info: [email protected]
In our sample of the Top 10 Companies in Consumer Goods, there are a total of 130 Executive Committee members. We define the Executive Committee as the group of executives who report directly to the CEO.
87% of these Executive Committee members are men (113) while only 13% are women (17).
Of these 17 women, roughly half of them (9, 7% of total) are in staff or support roles. The other half (8, 6% of total) are in line or operational roles.
Notable companies include Coca-Cola, Kraft Foods, PepsiCo, and L’Oreal who are all progressing with 18%, 21%, 17% and 20% of women on their Executive Committee respectively. Heineken and Procter & Gamble however do not yet have a single woman on their Executive Committee.
GLOBAL GENDER BALANCE SCORECARDFocus on Consumer Goods
NOVEMBER 2013
2013
KEY FINDINGS Executive Committee
= line = staff
113 8 9
* Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc.
Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc.
THE SIX PHASES OF THE GENDER JOURNEYThe Top 20 companies on the following pages are segmented into one of the followingsix phases:
Asleep. Exclusively male team. 100% M / 0% F
Token. One (or two) women in staff or support function. < 15% F
Starting Smart. One (or two) women in central core or operational role. <15% F
Progressing. M/F ratio between 85 % M / 15% F and 76% M / 24% F.
Critical Mass. M/F ratio of at least 75% M / 25% F.
Balanced. Minimum of 40% of either gender.
The data for this survey is based on publically available information provided by the Top20 companies on their websites as of June 2013. The list of companies was drawn fromthe Fortune 500 Global rankings published in July 2012.
You might think somesectors wouldnaturally get thegender businesscase. Some arestarting to do so, butnot always theexpected ones. Ofeleven sectors weanalyse,
Pharmaceuticals comes top in 2013, justahead of Retail and Aerospace & Defence.Bottom place is reserved for Automotive,despite the huge purchasing influence ofwomen on that business.
There may be shortages of women studyingscience and technology, yet the Technologysector actually claims 2 of the 9 femaleCEOs of the world’s top 300 companies, atHP and IBM. Contrast that with Retail,whose market is strongly female, yet wherenot one major company is headed by awoman.
Consumer Goods, with a huge interest infemale purchasing power, lags behindAerospace & Defence, with only 13% ofexecutive places female. What’s going onwhen defence specialist Northrop Grummanhas more women on its Executive teamthan Procter & Gamble, Danone andABInBev put together?
It does seem extraordinary that in thesecond decade of the 21st Century, so fewConsumer Goods executives are female.Ahead of the pack are Kraft, L’Oreal, Coca-Cola and PepsiCo. with between 21% and18% women executives. But PepsiCo’sIndra Nooyi remains the solitary femalehead of a consumer goods major. P&G,which has made efforts to get more genderbalance into management, has still toappoint a single woman to its top team. Ifeven Defence companies can find greatfemale talent, why are Consumer Goodslagging in an area that is so important tothem?
AvivahWittenberg-Cox
CONSUMED BY MEN
(Sven Paustian)
20-first © 2013 | www.20-first.com
Info: [email protected]
20-first’s Gender Balance Scorecard: Focus on Consumer Goods
112
Executive CommitteeNestléPaul Bulcke
Starting Smart
= line = staff
04
Executive CommitteeProcter & GambleBob McDonald
Asleep
= line = staff
418
Executive CommitteeCoca-ColaMuhtar Kent
Progressing
= line = staff
19
Executive CommitteeDanone Franck Riboud
Token
= line = staff
011
Executive CommitteeHeineken HoldingJean-François van Boxmeer
Asleep
= line = staff
311
Executive CommitteeKraft FoodsW. Anthony Vernon
Progressing
= line = staff
312
Executive CommitteeL'OrealJean-Paul Agon
Progressing
= line = staff
210
Executive CommitteePepsiCoIndra K. Nooyi
Progressing
= line = staff
213
Executive CommitteeUnileverPaul Polman
Starting Smart
= line = staff
* Staff or support roles include Communications, HR, Legal, IT, Strategy, Public Policy, etc.
Line or operational roles include CEO, CFO, Country Head, Business Unit Head, etc.
113
Executive CommitteeAnheuser-Busch InBevCarlos Brito
Token
= line = staff
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