没有合适的资源?快使用搜索试试~ 我知道了~
JP 摩根-全球-宏观策略-实现性别平衡:进步,机遇和挑战-31-31页.pdf
试读
31页
需积分: 0 0 下载量 186 浏览量
更新于2023-07-26
收藏 810KB PDF 举报
《实现性别平衡:进步,机遇和挑战》是JP摩根全球宏观策略的一项研究,着重探讨了在金融行业中推动性别平等的重要性、进展、机遇以及面临的挑战。这份报告由JP摩根的多个策略研究团队共同完成,包括固定收益策略、全球定量与衍生品策略、股权研究以及全球新兴市场研究等领域的专家,旨在提供全面而深入的分析。
报告指出,JP摩根长期以来致力于提升女性员工的赋权和发展,同时也关注女性客户的成功。公司的“Women on the Move”(WOTM)项目起初是一个内部全公司范围内的倡议,旨在支持女性员工的职业发展。2018年,该项目扩大了关注范围,开始包括女性客户和消费者。目前,WOTM有三个主要目标:一是促进女性经营的企业发展,二是改善女性的财务健康,三是推动女性职业成长。报告中提到,就员工群体而言,女性在公司中的代表比例是一个关键指标,反映了公司在实现性别平衡方面的努力。
在投资银行业务中,性别平衡对于公司的发展至关重要。它不仅涉及到公平和道德责任,还直接影响公司的创新力、决策质量和业务绩效。研究表明,性别多元化的组织通常能取得更好的财务表现,因为不同背景和视角的融合可以带来更广泛的思考和更有效的解决方案。
报告可能涵盖了以下几个方面的内容:
1. **性别平等的进展**:分析近年来公司在提高女性地位和参与度方面的成就,包括招聘、晋升、薪酬平等和工作环境的改进等方面。
2. **面临的挑战**:讨论阻碍性别平衡的因素,如玻璃天花板、性别偏见、工作与家庭的平衡问题,以及在某些特定领域,如科技和领导岗位上女性的代表性不足。
3. **机会与策略**:提出推动性别平等的战略和措施,包括培训和教育项目、导师制度、灵活的工作安排,以及对性别多元化企业的支持。
4. **案例研究**:可能会通过具体的公司或行业案例,展示性别平等如何带来商业成功和社会效益。
5. **政策与法规的影响**:探讨政府和监管机构的角色,以及相关法律和政策如何影响性别平等的推进。
6. **未来展望**:预测性别平衡趋势,并提出金融机构如何在未来继续改善性别多样性,以适应不断变化的经济和社会环境。
这份报告通过深入研究和数据支持,强调了性别平等不仅是社会正义的问题,也是金融行业持续成功的关键要素。通过提升女性在各个层次的参与和影响力,JP摩根等金融机构旨在创造一个更公正、更繁荣的全球经济环境。
Global Research
01 March 2019
J.P. Morgan Perspectives
Achieving Gender Balance 2019: Progress,
Opportunities and Challenges
Global Research
See page 29 for analyst certification and important
disclosures.
J.P. Morgan does and seeks to do business with companies covered in its research reports. As a result, investors should be aw
are that the
firm may have a conflict of interest that could affect the objectivity of this report. Investors should c
onsider this report as only a single factor in
making their investment decision.
www.jpmorganmarkets.com
J.P. Morgan Perspectives
Achieving Gender Balance 2019: Progress,
Opportunities and Challenges
US Fixed Income Strategy
Kimberly Harano
AC
kimberly.l.harano@jpmorgan.com
J.P. Morgan Securities LLC
Chair of Global Research
Joyce Chang
joyce.chang@jpmorgan.com
J.P. Morgan Securities LLC
Global Quantitative and Derivatives Strategy
Min Moon
AC
min.k.moon@jpmorgan.com
J.P. Morgan Securities LLC
US
Fixed Income
Strategy
Phoebe White
AC
phoebe.a.white@jpmorgan.com
J.P. Morgan Securities LLC
Equity Research
Melissa Wedel
AC
melissa.wedel@jpmorgan.com
J.P. Morgan Securities LLC
Global Emerging Markets Research
Trang Nguyen
AC
trang.m.nguyen@jpmorgan.com
J.P. Morgan Securities LLC
2
Global Research
J.P. Morgan Perspectives
01 March 2019
Joyce Chang
(1-212) 834-4203
joyce.chang@jpmorgan.com
JPMorgan Chase’s approach to gender
equality
JPMorgan Chase has long focused on the empowerment
and advancement of its women employees, and on making
our female clients successful. Our firm is consistently
recognized as a leading employer of women around the
world (see Appendix B).
Women on the Move (WOTM) started as an internal,
firm-wide initiative to empower our female employees to
grow their careers. In 2018, the firm expanded the
program’s focus to also include female clients and
consumers. It currently has three main objectives: expand
women-run businesses, improve women’s financial health
and empower women’s career growth.
Specific to our employees, women represent 49% of
JPMorgan Chase’s 256,000 staff worldwide, 45% of the
firm’s Operating Committee, and 30% of senior leaders.
While the firm has increased the percent of women in
entry-level programs to 47%, a key goal of WOTM is to
increase women’s representation at all levels and propel
more women into leadership positions across the firm.
WOTM now has a dedicated team that partners closely
with employee resource groups, which include 50 global
chapters and over 30,000 members worldwide, as well as
with the firm’s businesses and functions to increase our
female employees’ career advancement.
The firm also has programs and policies that support
families, such as backup child care and expanded parental
leave, as well as programs that address barriers for
returning to work, such as our ReEntry Program and our
Parental Mentoring Program (parents@jpmc). Last year,
the firm invested US$55 million in philanthropic
investments globally to help women improve their
financial health, gain well-paying jobs and grow their
small businesses, and we are just getting started.
Regarding women in business: WOTM has a key
objective to serve women-owned or women-run
businesses at all stages of development from startups
through global enterprises by providing greater access to
capital, networking, expertise and advice to female
clients.
Women are the fastest-growing subset of business owners
in the United States. According to the U.S. Census
Bureau, the number of women-owned businesses has
increased 45% since 2007—five times more than all
businesses (9%).
Over the same period, businesses owned by women of
color have increased 126%—more than ten times the
national average.
Despite this, research commissioned by the National
Women’s Business Council reported that women start
companies with 50% less capital than men do, and it is
well known that they still face unique barriers to success.
With JPMorgan Chase’s scale, we can have a major
impact by lending to women-owned businesses, as
lending is an important part of their capital structure. By
the end of 2021, our firm expects to extend US$10 billion
in credit to women-owned businesses.
Female consumers are the third target area for WOTM,
with many women serving as head of their households,
both as financial decision makers and wage earners.
However, data shows that women face more challenges
than men in managing their finances. Those challenges
include the income gap (women earn an average of 79
cents for every dollar earned by men), less access to credit
because they have no, low or damaged credit scores, and
higher credit card debt burdens.
Research has shown that addressing the women’s wealth
gap not only empowers the individual; it also positively
impacts families, communities and economies. JPMorgan
Chase can help educate women on managing their money,
which in turn can help improve women’s economic
security.
Thus, JPMorgan Chase has an opportunity to shine a
spotlight on these challenges and share effective strategies
to overcome them. We are already committed to helping
women grow their assets through banking and investment
solutions. Our Corporate Foundation also addresses
women’s needs through targeted investments in small
business formation, financial skill-building, and
workforce readiness programs.
With roots in thousands of local communities, JPMorgan
Chase is excited to increase our commitment to the
success of women and girls and to help secure an equal
future for women in their professional and personal lives.
Samantha Saperstein, Head of Women on the Move,
JPMorgan Chase & Co.
3
Global Research
J.P. Morgan Perspectives
01 March 2019
Joyce Chang
(1-212) 834-4203
joyce.chang@jpmorgan.com
Table of contents
Executive summary ......................................................................................................................... 4
Achieving gender balance in 2019: What has changed? ................................................................. 5
Improved gender balance on corporate boards .............................................................................. 8
Gender equality strategies: A work in progress with Europe leading ...........................................13
The gender pay gap: Disclosures and transparency......................................................................16
Women in U.S. politics: A watershed year .....................................................................................19
Women in the workplace: A review of recent studies....................................................................22
Appendix A ....................................................................................................................................26
Appendix B ....................................................................................................................................28
Contributing Authors
Global Emerging Markets Research
Lara Bes
J.P. Morgan Securities LLC
lara.bes@jpmorgan.com
Amy Ho
J.P. Morgan Securities LLC
amy.ho@jpmorgan.com
Katherine Marney
J.P. Morgan Securities LLC
katherine.v.marney@jpmorgan.com
Jessica Murray
J.P. Morgan Securities plc
jessica.x.murray@jpmorgan.com
Equity Research
Carmen Augustine
Biotechnology – Large Cap
J.P. Morgan Securities LLC
carmen.augustine@jpmorgan.com
Special thanks to Susan Christensen for the editorial and publication support in compiling this report.
4
Global Research
J.P. Morgan Perspectives
01 March 2019
Joyce Chang
(1-212) 834-4203
joyce.chang@jpmorgan.com
Executive summary
Overview
The movement to improve gender equality continues to gain momentum, feeding into government policy
and shareholder activism and changing the culture of the workplace.
2018 was marked by uneven but steady progress toward greater diversity and represented a watershed
year for women gaining seats in the U.S. Congress, with a record 131 women now holding 24% of U.S.
Congressional seats.
Gender-specific datasets, with higher-frequency data points on gender pay equity and governance on
gender diversity, are needed for an objective assessment on achieving gender balance.
Better gender balance on corporate boards, but slower progress in the C-suite
Female representation on U.S. and global corporate boards increased across sectors, with women
accounting for 22.0% of director seats across the Fortune 1000 in 2018, up from 20.4% in 2017.
While female representation on corporate boards has been steadily increasing to a significant level,
progress on female representation at the executive level stalled in 2018.
Women holding Fortune 500 CEO seats declined to 5% in 2018 from a record 6% in 2017, and women
occupy only 10% of top management position in S&P 1500 companies.
California became the first U.S. state to sign into law a gender mandate requiring all publicly listed
companies headquartered in the state to have at least one female director by 2019.
Europe and the UK continue to lead in gender equality strategies focused on disclosure and transparency
Europe continues to lead in gender equality strategies and government mandates, but has revised its
guidelines to reflect slower growth and austerity, as well as the effects of the migrant and refugee crises.
Pressure on companies to increase transparency around gender pay equity continues to build, coming from
mandated reporting requirements, industry best practices, and shareholder activism.
The UK’s reporting of the gender pay gap shows a reduction from 14.3% to 12.3% for mean hourly pay
between 2017 and 2018. Sector disparities remain high, with finance, insurance and construction
reporting differences of ~25% in large part due to the relatively small representation of women in
executive and other higher paying jobs.
Future governance guidelines around gender diversity are likely to focus on reporting and disclosure given
the limitations on data availability at the company level on gender pay equity.
Noteworthy 2018-2019 surveys with policy recommendations include the JPMorgan Chase Institute’s study
on the impact of gender on small business financial outcomes, McKinsey’s latest Women in the Workplace
survey, which tracks companies’ progress toward greater gender diversity, the launch of the Women’s
Workplace Equality Index, and the Pew Research Center’s polls on the impact of gender and party gaps in
views on female leadership.
.
This special report is part of the J.P. Morgan Perspectives
series which brings together vie
w
s and analysis from
across the broad scope of J.P. Morgan’s Global Research franchise. In this report, we take a closer look at the
latest developments and progress achieved on gender balance in the private and public sectors over the past
year and how it’s increasingly being incorporated into ESG investment decision-making.
Joyce Chang, Chair of Global Research
5
Global Research
J.P. Morgan Perspectives
01 March 2019
Joyce Chang
(1-212) 834-4203
joyce.chang@jpmorgan.com
Kimberly Harano
(1-212) 834-4956
kimberly.l.harano@jpmorgan.com
Achieving gender balance in
2019: What has changed?
2018 was marked by uneven but steady progress
toward greater diversity and was a watershed year
for women gaining seats in the U.S. Congress.
A record 131 women hold 24% of the U.S.
Congressional seats, while women serving in state
legislatures crossed 2,000 for the first time.
Female representation on U.S. and global corporate
boards has increased across sectors, with women
accounting for 22.0% of director seats across the
Fortune 1000 in 2018, up from 20.4% in 2017.
However, women holding Fortune 500 CEO seats
declined to 5% in 2018 from a record 6% in 2017,
and women occupy only 10% of top management
positions in S&P 1500 companies.
California became the first U.S. state to sign into
law a gender mandate requiring all publicly listed
companies headquartered in the state to have at
least one female director by 2019.
Europe continues to lead in strategies promoting
gender equality related to disclosure and
transparency, but government mandates and
guidelines have been revised to reflect slower
growth and austerity and the effects of the migrant
and refugee crises.
The UK’s reporting of the gender pay gap shows a
reduction from 14.3% to 12.3% for mean hourly
pay between 2017 and 2018. Sector disparities
remain high, with finance, insurance and
construction reporting differences of ~25% in large
part due to the relatively small representation of
women in executive and other higher-paying jobs
Gender-specific datasets, with higher-frequency
data points on gender pay equity and governance on
gender diversity, are needed to facilitate objective
assessment on achieving gender balance.
Noteworthy 2018-2019 surveys with policy
recommendations include the JPMC Institute’s
study on the impact of gender on small business
financial outcomes, the launch of the Women’s
Workplace Equality Index, and the Pew Research
Center’s polls on the impact of gender and party
gaps in views on female leadership.
A combination of government mandates,
shareholder activism, and advocacy efforts will
likely lead to further progress toward gender
balance goals over time.
Uneven but steady progress
The movement to improve gender equality continues to
gain momentum, feeding into government policy and
shareholder activism and changing the culture of the
workplace. Last May, we published an overview of the
toolset and approaches for investment in gender, outlining
the challenges to incorporating gender balance into a
corporate responsibility Environmental, Social and
Government (ESG) framework, arguing that there would be
greater focus on Social and Governance factors going
forward (J.P. Morgan Perspectives: Investing in gender
balance and challenges, J. Chang et al., May 25, 2018). In
that report, we noted that of the 96 metrics used to judge the
Governance pillar of ESG in the most widely used ESG
dataset, the MSCI ESG, only two relate to gender. Gender
factors are harder to incorporate into scoring systems
because of the low frequency of data. The ratio of women
on corporate boards or in executive positions remain the
most commonly used factors to represent gender diversity
in ESG financial benchmarks as this data is more readily
available at the firm level compared to gender pay equity
data. The representation of women on corporate boards has
improved over time, suggesting a positive impact from
inclusion in ESG metrics.
In our recently launched J.P. Morgan ESG Global High
Yield Corporate Index (Introducing the JESG Global High
Yield Corporate Index, G. Kim et al., February 21, 2019),
our proprietary JESG score incorporates gender diversity
through data from one of our ESG providers, Sustainalytics,
where gender can be up to 8% of a company’s ESG score.
Sustainalytics utilizes board diversity to consider the extent
to which boards have female representation. Other gender-
related indicators include diversity programs,
discrimination policies, whistleblower programs, and
employee-human rights events.
This report takes a closer look at the latest developments
and progress achieved on gender balance in the private and
public sectors over the past year and how it’s increasingly
being incorporated into ESG investment decision-making.
Collecting data on the performance at the country- and
company-level gender diversity remains a challenge due to
the lack of consistent data and policies. The percentage of
women on corporate boards remains the most commonly-
used metric to measure gender balance. Europe remains
well ahead of the U.S. and emerging market countries in
achieving gender diversity milestones, subject to greater
government scrutiny and legislative requirements. Quotas
have helped Europe make greater strides in board diversity
in the past five years. The most significant strides for
women in the U.S. over the past year have arguably
occurred in the political arena, with an unprecedented
剩余30页未读,继续阅读
资源推荐
资源评论
127 浏览量
136 浏览量
139 浏览量
2023-07-26 上传
2023-07-24 上传
148 浏览量
112 浏览量
190 浏览量
2023-07-26 上传
2023-07-26 上传
2023-07-27 上传
2023-07-27 上传
5星 · 资源好评率100%
5星 · 资源好评率100%
5星 · 资源好评率100%
2023-03-10 上传
2023-02-10 上传
5星 · 资源好评率100%
资源评论
xox_761617
- 粉丝: 29
- 资源: 7802
上传资源 快速赚钱
- 我的内容管理 展开
- 我的资源 快来上传第一个资源
- 我的收益 登录查看自己的收益
- 我的积分 登录查看自己的积分
- 我的C币 登录后查看C币余额
- 我的收藏
- 我的下载
- 下载帮助
最新资源
- 苹果手机外壳贴麦拉机组装流道(sw16可编辑+工程图+bom)全套技术资料100%好用.zip
- MATLAB 实现基于PCNN(脉冲耦合神经网络)进行时间序列预测模型的项目详细实例(含完整的程序,GUI设计和代码详解)
- MATLAB 实现基于麻雀搜索算法(SSA)进行时间序列预测模型的项目详细实例(含完整的程序,GUI设计和代码详解)
- 基于改进剪枝算法的接触熟虾图像分割技术及其质量测量应用
- 音乐爬虫python源码分享
- MATLAB 实现基于移动平均模型(MA)进行时间序列预测模型的项目详细实例(含完整的程序,GUI设计和代码详解)
- Matlab实现基于NNMF+DBO+K-Medoids的数据聚类可视化的详细项目实例(含完整的程序,GUI设计和代码详解)
- 基于SSM的球鞋交易管理平台论文+Java-HTML+球鞋交易平台+毕设-课设均可
- 计算机视觉中高效曲线检测算法的研究与应用-随机化Hough变换的新方法实现线条、圆及椭圆识别
- Matlab基于ALO-SVR蚁狮优化支持向量回归的锂离子电池剩余寿命预测的详细项目实例(含完整的程序,GUI设计和代码详解)
- Matlab实现BiTCN双向时间卷积神经网络多变量时间序列预测的详细项目实例(含完整的程序,GUI设计和代码详解)
- 医学图像中基于判别广义霍夫变换的目标定位方法研究与应用
- 华强北悦虎耳机刷机固件包
- Matlab实现RIME-BP霜冰算法优化BP神经网络多变量回归预测的详细项目实例(含完整的程序,GUI设计和代码详解)
- 桌面作图软件CAD字体库
- MATLAB 实现基于VMD(变分模态分解)进行时间序列预测模型的项目详细实例(含完整的程序,GUI设计和代码详解)
安全验证
文档复制为VIP权益,开通VIP直接复制
信息提交成功