Diversity in the Electricity Sector
Diversity in the Oxford English dictionary means “a range of many people or things that are very different from each other, synonym variety”
Across the energy sector, Boards, Chief Executives and People and Culture Directors are increasingly focusing on diversity and inclusion in developing succession plans, creating a positive work environment (culture) and delivering talent pipelines for future success.
The Institute of Electrical and Electronics Engineers reviewed its policies in 2019 and introduced a new diversity statement in January 2020 distilling the importance to the sector of a more diverse and inclusive approach:
IEEE’s mission to foster technological innovation and excellence to benefit humanity requires the talents and perspectives of people with different personal, cultural, and disciplinary backgrounds. IEEE is committed to advancing diversity in the technical profession, and to promoting an inclusive and equitable culture in its activities and programs that welcomes, engages and rewards those who contribute to the field without regard to race, religion, gender, disability, age, national origin, sexual orientation, gender identity, or gender expression.
Focusing on gender diversity at a national level, the Australian Governments Workplace Gender Equality Agency (WGEA) and the Australian Institute of Company Directors (AICD) report:
Women hold 14.1% of chair positions and 26.8% of directorships
Women hold 17.1% of CEO roles and 31.5% of key management personnel
34% of Board and governing bodies have no female directors
30.7% of Directors in the ASX 200 are women
Women comprise 30.9% of new ASX 200 Board appointments
Secondary research shows us that the energy sector lags broader Australasian industry and that proactive programs are required to enable a more diverse and inclusive approach to STEM hiring, Senior and Executive leadership development, and Board appointments.
Please contact Ian Hughes, Director at Engage People on +61 3 9621 2777 to discuss how the firm can help your company or career with the diversity challenge (gender, ethnicity, education, ability, age, etc.) as the energy sector enters a period of substantive transformational change.