Is It Possible? Accenture Commits to Full Gender Balance by 2025

Accenture, a professional services company, has announced a new goal to reach gender parity in its workforce by 2025.

Accenture, a professional services corporation which has studied and made public its own employee demographics, plans to reach 40% female employment by 2020. In addition, the corporation recently announced a new goal for total gender parity in its workforce by 2025.

But is it possible? Studies that peg the gender ratios for corporate boards predict the year that gender parity will be realized on corporate boards is 2055. Other studies suggest it will take another 40 years to close the gender pay gap in academia. But the company has a strong ethic of transparency that they believe helps them advance community objectives, and might possibly put them in a position to lead the charge on gender equity in business. “When you publish a goal, it holds you accountable to a higher level,” says Ellen Shook, chief leadership and human resources officer at Accenture, in this article from Fortune.

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What’s up with this New Philanthropy Hub, and How Will It Involve Women’s Philanthropy?

Giving Compass aggregates philanthropy news and information by topics, including news and information about women’s philanthropy.

Recently, I got an email from Stephanie Gillis, Senior Advisor at the Raikes Foundation, wanting to “explore potential synergies” with the work we are doing at Philanthropy Women. Naturally, I was eager to do so, and soon learned about Givingcompass.org, a new team effort of several foundations and nonprofits, aimed at drawing on the chops of the tech sector in order to provide more resources for the philanthropy sector, particularly around how to assess the quality of philanthropy and get the most impact per philanthropy dollar.

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Business Worldwide Aligns with Global Goals, But Trump Rejects New Economy

Launched in January of 2016, The Business and Development Commission makes the  case for achieving a sustainable economy that will also address environmental issues. The Commission helps businesses align with the Global Goals, and track the economic gains of adhering to these goals.

Because of the importance of addressing climate change for women worldwide (as well as for all other manner of human and other species), it is important to take note of the economic activity that other countries are poised to engage in as a result of the Paris Accord. It’s also important to note how the U.S. will miss out on these economic opportunities because of our current poor (and non-representative) presidential leadership.

Recently, a new international commission formed to encourage more businesses to see the sustainable development goals as a smart business move — one that will generate an estimated $5 trillion and 230 million jobs in Asia alone by 2030.

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Ellevate Holding Conference to Activate Gender Equality Movements

Sallie Krawcheck, CEO and Co-Founder, Ellevest

Since its launch in May of 2016, I have started following Ellevate Network on my Twitter feed, and I am always impressed by the quality of their material on both gender equality and gender lens investing. Now, the new startup that aims to capture the $11 trillion women’s investing market, is holding a conference in June to activate gender equality movements. Sallie Krawcheck, the architect and founder of Ellevest, came to my attention last spring when I was creating a list of 9 Gender Lens Investors to Know About.

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Women Leading Change Event in Providence Features Jackie VanderBrug

Jackie VanderBrug will speak about gender lens investing in Rhode Island on June 7.

The world of gender lens investing has yet to be even marginally explored for all its potential, especially given that  only 1.1% of assets under management in the asset industry are controlled by women and minorities.

That’s why it’s exciting to learn that the Women’s Fund of Rhode Island is hosting an event on June 7, 2017 featuring Jackie VanderBrug, gender lens investing expert. I featured Jackie VanderBrug in my list of 9 leaders to know in gender lens investing. Here is my capsule on her:

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Knight Foundation Study: Women and Minorities Control Only 1.1% of Asset Management Industry

Knight Foundation’s new study sheds light on gross disparities in the asset management industry.

Of the $71.4 trillion dollars controlled by the asset management industry, only 1.1 percent of total assets under management are with firms owned by women and minorities.

You heard that right. Although the number of firms that are women- or minority-owned can range from 3 to 9% across the four different asset categories in the industry, assets controlled by those firms account for only 1.1% of all assets under management.

A press release from the Knight Foundation, which commissioned the study, states that this is the most in-depth study to date about ownership diversity in asset management. Additional analysis revealed that the 1.1% managed by women and minorities had no difference in performance from the 98.9% non-diverse asset management industry.

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