WORKPLACE GENDER EQUALITY

Women in Super (WIS) welcomes the introduction of the Workplace Gender Equality Act 2012 (Cth) and the gender equality indicators under which organisations will need to report.

WIS calls on the superannuation industry to comply with the requirements under the Act, and embrace the opportunity to improve gender equality in employment across all sectors. WIS also encourages organisations that are not required to report[1] to collect data in accordance with the gender equality indicators and to engage with the Workplace Gender Equality Agency (WGEA) in order to improve their gender diversity.

Further, we encourage superannuation funds to examine their outsourcing policies to ensure their service providers are complying with the Act, and encourage funds to assess service providers’ performance against the indicators as part of the selection process.

As major institutional investors, superannuation funds are in a unique position to influence the gender diversity practices of major organisations. We encourage funds to work with their investment managers on these issues, to include compliance with the Act as part of their governance considerations within ESG.

[1] Organisations are only required to report to the WGEA where they have 100 or more employees.  

 

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