The female economy represents the world’s largest and fastest-growing market. Yet, the financial services industry remains slow to leverage it. Bringing women to the forefront of banks’ leadership teams is not just about equality, but about better achieving business and development goals.

A growing wealth of research is highlighting the need for more women in banking. Policies that envisage a larger percentage of women at the bank management level allow for “more efficient fulfilment of environmental objectives”, the European Central Bank (ECB) reported in 2022.

The bank says women-led firms give rise to better environmental, social and governance metrics. Also, firms with a greater representation of women in leadership positions were found to be more likely to adopt environmentally friendly practices.

Read more at: https://www.thebanker.com/Gender-diverse-leadership-key-to-profit-and-climate-goals-1697614646