According to World Economic Forum, at the current rate, it will take 140 years to achieve gender equality in top leadership positions1 and 99.5 years to have a gender equal world.2
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200714005391/en/
Mary Kay became a signatory of the Women’s Empowerment Principles (WEPS) on February 28, 2019. (Graphic: Mary Kay Inc.)
As workplaces across the globe gradually reopen amidst COVID-19 concerns, the fight for women’s empowerment in the public and private sectors must continue.
“At a time when COVID-19 crisis has exacerbated women’s vulnerabilities and gender inequality, resulting in a ‘shadow pandemic,’3 the Women’s Empowerment Principles offer critical benefits for everyone. I challenge our peers in business to make a public pledge to become gender equal. How? By hiring, developing, and promoting women and by encouraging female leadership throughout their organizations. As the world gradually rebuilds and recovers from the impact of COVID-19, back to business should, more than ever, mean inclusive business,” stated Deborah Gibbins, Chief Operating Officer (COO) at Mary Kay Inc.
“We congratulate Mary Kay for taking their first step in their WEPs journey. We consider Mary Kay a key partner in closing the gender gaps in the workplace, marketplace and community and in advancing the Sustainable Development Goals,” said Phumzile Mlambo-Ngcuka, Executive Director of UN Women.
Watch the video statement from Deborah Gibbins, COO of Mary Kay here.
Did you know? Gender Diversity for Global Workforce and Leadership at Mary Kay as of June 2020:
- Employees: 61% Female
- Exec Team: 50% Female
- VPs and above: 52% Female
- Directors and above: 59% Female
- Managers and above: 58% Female
- Market Leaders: 64% Female
- Top 10 markets: 60% Female
About Mary Kay
One of the original glass ceiling breakers, Mary Kay Ash founded her beauty company more than 56 years ago with three goals: develop rewarding opportunities for women, offer irresistible products, and make the world a better place. That dream has blossomed into a multibillion-dollar company with millions of independent sales force members in nearly 40 countries. Mary Kay is dedicated to investing in the science behind beauty and manufacturing cutting-edge skin care, color cosmetics, nutritional supplements, and fragrances. Mary Kay is committed to empowering women and their families by partnering with organizations from around the world, focusing on supporting cancer research, protecting survivors from domestic abuse, beautifying our communities, and encouraging children to follow their dreams. Mary Kay Ash’s original vision continues to shine—one lipstick at a time. Learn more at MaryKay.com.
About the Women’s Empowerment Principles
The Women’s Empowerment Principles (WEPS) guide businesses on how to promote gender equality and empower women in the workplace, marketplace, and community. Jointly established by the UN Global Compact and UN Women, the WEPs are underpinned by international labour standards and human rights and by the recognition that businesses have an important role in promoting gender equality and women’s empowerment. Adopting the seven principles is the best way that businesses can deliver on the ambitions for gender equality and women’s empowerment as outlined in the 2030 Agenda on Sustainable Development and in the 17 SDGs. Learn more at WEPS.org.
1 Women CEOs in Fortune 500 Company, 2019
2 World Economic Forum, Global Gender Gap Report, 2020
3 United Nations Secretary-General’s Policy Brief on The Impact of COVID-19 on Women, April 9, 2020
https://www.un.org/sites/un2.un.org/files/policy_brief_on_covid_impact_on_women_9_apr_2020_updated.pdf
View source version on businesswire.com: https://www.businesswire.com/news/home/20200714005391/en/
