At Ellpha we believe that gender equality is not only a fundamental human right, but a necessary foundation for a peaceful, prosperous and sustainable world. If women—who account for half the world’s working-age population—do not achieve their full economic potential, the global economy will suffer.
“The business case for women in leadership gets better every year: women bring improved decision making at the top, more creativity and innovation, and better problem solving, stemming from greater cognitive diversity. Women also improve the ecosystem, because company leaders better match the profile of customers and employees. And when three or more women make it to the top team, a company’s organizational health appears to improve on every one of the nine dimensions McKinsey tracks. Moreover, women propel economic growth. ”
A “best in region” scenario in which all countries match the rate of improvement of the fastest-improving country in their region could add as much as $12 trillion, or 11 percent, in annual 2025 GDP. In a “full potential” scenario in which women play an identical role in labor markets to that of men, as much as $28 trillion, or 26 percent, could be added to global annual GDP by 2025.
McKinsey Global Institute (MGI) report, The power of parity: How advancing women’s equality can add $12 trillion to global growth
“All economies have savings and productivity gains if women have access to the job market. It’s not just a moral, philosophical or equal-opportunity matter. . . . It just makes economic sense.”
unlocking the full value of gender equality is an economic imperative.
Studies and research make it clear: addressing gender inequalities, across the globe, will drive economic growth, create value for businesses, BUILD happier and healthier communities.
McKinsey Global Institute (MGI) report, The power of parity: How advancing women’s equality can add $12 trillion to global growth