Study found only one has achieved at least 40-per-cent female representation at every level, and just 19 per cent publish gender pay data
Canada’s largest companies are lagging the rest of the industrialized world when it comes to many key measures of gender equality in the workplace.
The total average score among the 153 Canadian businesses included in the study was 42, putting the country just ahead of the United States, with 40, and the global average of 41, but well behind similar economies such as Australia, Britain, Norway, Italy, Spain and France, which each scored 50 or above. Other than the U.S., Canadian companies ranked above only Japan and Hong Kong. That score of 42 is an improvement over Canadian companies’ average score of 39 last year and 33 the year prior.
Ms. van Maasdijk said she founded Equileap in 2016 to provide investors diversity metrics to help inform their decisions. “That’s why it’s frustrating to me that companies don’t feel more urgency around this,” she said. “They’re literally willing to lose innovation, and lose business, and lose talent, and lose the ability to make the best decisions simply because they’re comfortable with their old boys’ network.”
Ms. Kaplan explains that there have been some positive steps in recent years, most notably the push for $10-a-day child care and provincial measures such as Ontario’s Pay Transparency Act. At the same time, however, she believes that Canada has acted in a characteristically cautious manner, adding that it’s conservative business culture may be slowing progress that could ultimately make it more competitive.
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