Gender parity into copy
What if gender parity is out of reach for corporate boards?
The animated chart shows when gender parity might be achieved on the boards of publicly traded companies, based on three different scenarios. If the rate of increase in recent years continues (business as usual), it could be 2042 before there are equal numbers of men and women on corporate boards. To achieve the goal faster would require increasing the number of board seats that open up each year and/or appointing women to a higher percentage of the seats that become available.
Gender parity chart description
The percentage of women on boards of constituents of the MSCI ACWI Index has increased by an average of 1.3% year-over-year from 2018 to 2021 (as of Nov. 2021). Using the business-as-usual projection, we projected that it could take until 2027 and 2042 to reach the 30% and 50% marks, respectively.
From 2018 to 2019 the share of director seats occupied by women increased by 2.1 percentage points, among all constituents of the MSCI ACWI Index (from 17.9% to 20.0%). But this growth slowed down in 2020, when only 21.1% of all directorship positions were held by women. These two year-marks respectively indicate two key pivotal points for potential scenarios for the path to achieving gender parity.
If the 2020 trend proves to be the dominant one, it could take up to 2028 to have 30% of the board seats of large-cap global companies held by women, and up to 2046 to reach full gender parity. Yet, if the 2019 trend proves dominant, we could reach 30% women representation in just four years, and full gender parity by 2035.