Sener joins the IV Target Gender Equality of the UN Compact to reduce the economic gender gap

Sener has joined the IV edition of the Target Gender Equality program of the UN Global Compact Spain, whose objective is to work to reduce the economic gender gap. The Global Compact is the United Nations initiative that leads corporate sustainability in the world: it has more than 20 years of experience and more than 70 local networks worldwide.

Around 40 Spanish companies have joined this IV edition, thus consolidating the commitment of the national business fabric to gender equality. Since its inception, the program has had a significant impact on more than 2,000 companies worldwide.

This accelerator program is inspired by the commitment of the United Nations Secretary General, António Guterres, to gender parity and by the Women’s Empowerment Principles (WEPs), which form the basis of the work of the United Nations Global Compact for SDG 5.

The program has been revamped in this edition, organized into six modules designed to support companies in the process of achieving goals that close gender gaps, boost balance, foster female leadership throughout the organization and promote equal pay for work of equal value. To this end, the best resources and materials from leading organizations such as UN Women, ILO, Catalyst, Harvard Kennedy School and Lean In, among others, have been tapped.

During the 9-month program, the 42 registered Spanish companies will participate in a comprehensive learning process that includes analysis, capacity building workshops, learning sessions and dialogues. The objective is to set concrete goals, review current objectives and create action plans with key performance indicators. To achieve this, the UN Global Compact will guide companies with the support of a coalition of experts from the UN, leading companies and national bodies, such as the Women’s Institute and CEOE.

Since the program’s inception, more than 400 corporate actions on gender equality have been implemented in more than 50 countries. Moreover, it has proven its effectiveness, with 99% of participating companies reporting that they have benefited from it, and 55% have achieved or are on track to achieve gender balance on their boards by 2025. Likewise, 41.7% have achieved or are in the process of achieving gender balance at executive and management levels by the same year.