Sustainability Corner

The economy cannot develop to the fullest of its potential unless women and men are full participants in the country’s development processes. Despite making up over half the population, the contribution of women to measured economic activity is far below its potential.  So much so, that the underutilization of the female potential is estimated to result in GDP loss of up to 27% in some regions of the world (IMF). As the world strives to attain goals for sustained and inclusive global growth, business recognizes the necessity to address gender inequality as a matter of priority, not just to benefit economically but socially too. The social motives for just and equitable treatment of girls and women and the argument for empowering them remain as valid as ever. 



Many governments have already adopted measures to try to reduce gender inequalities ranging from legislation on discrimination, equality, and sexual harassment, to taxation and benefit system reforms. But governments must work in tandem with the private sector to step up efforts to engage women more fully - particularly in leadership positions – and promote private and public sector efforts to address barriers to women’s career advancement such as discriminatory practices or persistent pay gaps.