What the world’s wealthiest can do to empower women
Ultra-high net worth individuals can adopt equality policies in their firms and invest in women-friendly businesses, UBS says
The super-rich have many tools at their disposal to make the world a more equal place for men and women, according to a study by UBS.
Ultra-high net worth individuals can contribute to gender equality by investing in women-friendly firms, supporting charity projects and lobbying for policy changes, the report says.
Wealthy business owners are also encouraged to adopt gender-equality policies in their own companies, which could include hiring more female managers and providing childcare support.
The report, titled Gender-Lens Wealth, was published ahead of Wednesday’s International Women’s Day to explore ways in which the world’s most privileged can improve the lives of women and girls.
Men and women might not reach equality for another 83 years on the basis of current efforts to close the gender gap, according to the World Economic Forum’s annual gender gap index last year.
Individuals can tilt their listed equity portfolios towards companies which have a greater proportion of senior female managers
Women still lag behind men in areas ranging from economic opportunities, political participation, health and educational attainment.