WBA is developing the Gender Equality and Women’s Empowerment Benchmark (GEWEB). This benchmark covers how companies contribute to SDG 5 (Gender Equality) and beyond. It assesses and compares how companies promote gender equality and women’s empowerment across their entire value chain.
Why a Gender Equality and Women’s Empowerment benchmark?
Gender inequalities persist around the world. Companies, while varied in their approaches and levels of commitment to it, stand to evolve in how they promote gender equality and women’s empowerment across their entire value chains.
Publicly available benchmarks on companies’ current gender efforts are a vital step towards shedding light on the reality of corporate gender impact. These benchmarks can serve as a global accountability mechanism and help companies evolve in further promoting gender equality and women’s empowerment.
The World Benchmarking Alliance (WBA) aims to measure corporate gender impacts and accelerate progress towards gender equality and women’s empowerment with its Gender Equality and Women’s Empowerment Benchmark (GEWEB). This benchmark is part of WBA’s wider work to measure and rank the world’s 2,000 most influential companies’ contributions to achieving the SDGs by 2030. This includes assessing all 2,000 companies on social inclusion, of which gender is a core part.
WBA seeks to create a corporate gender benchmark that is fully transparent, comprehensive, publicly available and aligned with stakeholders’ expectations.
The Gender Equality and Women’s Empowerment Benchmark will measure the extent to which companies contribute to SDG 5 (Gender Equality) and beyond.
GEWEB is grounded in in key international principles and normative standards and aligns with widely-accepted gender frameworks and initiatives. It looks across companies’ entire value chains, from their workplaces and supply chains to their marketplaces and communities, capturing the most salient gender themes in each context.
GEWEB takes an industry-specific approach, starting with a spotlight on the apparel industry It includes a robust set of indicators that look beyond corporate policies to also assess their performance outcomes.
GEWEB is based on the development process of WBA.
This benchmark is currently in the midst of the Methodology Development phase, with its draft methodology currently open for public comment through 31 January 2020.
Thereafter, all submitted feedback will be processed and the final GEWEB methodology will be available by March 2020. The first iteration of GEWEB will be available in September 2020.
GEWEB is being developed by a core team at WBA, in close collaboration with a broad group of external stakeholders. These include leading gender experts from across companies, investors, civil society organisations, academia and governments, as well as an Expert Review Committee (ERC).
This report explores the need for a new gender equality and women’s empowerment benchmark that builds on the great gender work that exists today. It suggests that a new benchmark requires an approach that is integrated (covers the full value chain), holistic (considers the many dimensions of gender equality and empowerment) and balanced (recognizes the varied ways companies can take action and drive change).
(Mumbai, March 2019) – This report summarizes the discussions and key takeaways from our first roundtable, which welcomed a mix of private sector, multi-lateral, civil society and academic organisations.
(Vancouver, June 2019) – This report summarizes the discussions and key takeaways from our second roundtable, which was held on the margins of the Women Deliver 2019 conference.
We openly encourage constructive and meaningful feedback to improve our methodology.
This can happen through the multi-stakeholder sessions we organize as well as through our online public consultation which is currently taking place through the end of January 2020.
For more information on the Gender Equality and Women’s Empowerment Benchmark, please contact us at email@example.com.