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NBC News: It Will Take Many Years to Close the Gender Gap in the Global Energy Sector

Posted by Renee Morad on Sep 9, 2019 quoted AEE's Lisa Frantzis' in its coverage of S&P Global's report on closing the Gender Gap in Global Energy C-Suites. See excerpts below and read the entire piece here.
According to a new report by S&P Global, it could take more than 70 years, or until the 2090s, to close the gender gap in global energy C-suites. There has been an increase in the number of women in energy leadership positions in the past 10 years, but there's still a long way to go. In fact, it could take more than 70 years, or until the 2090s, to close the gender gap in global energy C-suites, based on the current growth in women’s leadership in the energy sector, according to new research by S&P Global.

In comparison, the World Economic Forum projected that the overall gender pay gap will take 208 years to close.

The good news is that progress has been made. The share of female board members and women in the C-suite in the global energy industry has almost doubled since 2000, reaching 15 percent and 13 percent in the global energy sector, respectively. However, women still occupy less than one-fifth of senior leadership roles, according to the #ChangePays in Energy report.

Maya Weber, lead author of the report and an editor at S&P Global Platts, believes that it remains to be seen whether women are being given enough opportunities to join the C-suite in the global energy sector. In addition, she believes the lack of flexibility around schedules in the energy industry could be a deterrent for women who have to care for children or an elderly parent...

The findings, which are part of S&P Global’s broader #ChangePays initiative, are based on original research conducted by S&P Global Platts Analytics and S&P Global Market Intelligence, which analyzed 799 companies across 30 countries with the largest sample size in the dataset in the S&P Global BMI Energy (Sector) Index and S&P Global BMI Utilities (Sector) Index. Weber also interviewed 20 female leaders in various positions within the energy sector to learn about their hurdles, setbacks and successes...

“Consumers are going to be the new asset class,” Lisa Frantzis, senior managing director at Advanced Energy Economy and managing director of Navigant Consulting, said in the report. “Everything is moving more toward a much more interactive customer, [and] the customers are not just men...”
Read the entire piece here.

Topics: United In The News