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Literature / resource Imported

Gender Diversity on European Bank Boards: More Work Still to be Done

· unspecified · Transnational

Evidence: Observational / pre–post Top 100% 3/100 · Ask Evidence Copilot about this practice

Gender diversity remains a challenge within the banking industry. In order to tackle underrepresentation of women across banking boards and leadership positions, many European banks have outlined ambitious Diversity, Equity and Inclusion (DEI) plans. This report aims to discuss a

37%
Women on bank boards (2021)
26%
Women on executive management teams (2021)
5 of 43
Banks with a female CEO (2021)
4 of 43
Banks with a female board chair (2021)
40%
Female board seats, AA(low)-A(low) rated banks (2021)
30%
Female board seats, BBB or lower rated banks (2021)

Details

Promoter
DBRS Morningstar (Charlotte Cervin & Elisabeth Rudman) — website
Power domain
Economic Power
Methods / tools
Awareness-raising, Monitoring, Benchmarking
Keywords
economic power, women representation, European banks, banking boards, leadership positions

Context

DBRS Morningstar analyst commentary examining gender diversity on the boards and executive teams of European banks, assessing whether banks' Diversity, Equity and Inclusion (DEI) plans are closing the gender gap at senior levels.

Results

Across a sample of 43 European banks in 2021, women held 37% of board seats but only 26% of executive management team seats. Only 5 of the 43 banks had a female CEO, and only 4 had a female board chair. The analysis found a positive correlation between female board representation and credit ratings: banks rated AA(low) to A(low) averaged 40% female board seats, versus 30% for banks rated BBB or lower.

Implementation
Indicative cost
Low (< €50k)
Time to results
Short (< 1 year)

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Data sources

Where this practice's information was retrieved from, and when.

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