Only nine FTSE 100 boards have board gender equality
4 Dec 2020
Five years after the government set a target for 33% female representation on the boards of all FTSE 350 companies, just nine of the UK’s top companies have an equal gender split
4 Dec 2020
The situation is worst in the mining conglomerates listed on the FTSE. Three of the bottom five for boardroom gender equality were miners Antofagasta, where the board is 80% male, while Evraz and Glencore are 78% male.
Almost a third of companies have failed to meet the 33% target first set in 2015, while on straight parity only nine of the FTSE 100 have a 50:50 split, with just five currently employing more female directors than male, according to analysis by recruitment specialist Debut.
On the other hand, many companies are going well beyond the 33% target, to achieve an equal balance of at least 50:50 at board level, including Diageo (63% female), Auto Trader Group, Rightmove, Severn Trent, and Taylor Wimpey (all 54%).
Looking at how things break down across different sectors, the construction and materials industry was the only one to achieve an equal 50 male-female split at boardroom level, closely followed by oil and gas producers (46% female) and media and personal goods (both 45%).
However, 11 (28%) of industries still fell below the government target, with those in the industrial metals and mining industry having the fewest female board members (22%), followed by food producers (25%) and food and drug retailers (28%). Mining companies were worst performers with as low as 20% representation.