To close the gender and racial gap at the highest levels of business, where the gap is widest.
When women are better represented in leadership roles, more women are hired throughout the company. This ensures that there is a sufficient pipeline of female talent at more junior levels for future leadership roles.
World Economic Forum 2020, The Global Gender Gap Report
Women are hired and promoted at lower rates than men, so far fewer women make it into management and have a chance at senior roles. Only about one in five senior leaders is a woman, and one in twenty-five is a woman of color.
Lean-In & McKinsey 2019, Women in the Workplace
Gender and ethnic diversity in company leadership are associated with increased profitability. Companies with the highest racial and ethnic diversity perform 33% better than companies in the bottom quartile for racial and ethnic diversity.
McKinsey 2018, Delivering Through Diversity
Female executives are correlated with higher profits. A company with 30% female leadership could see an increase of 15% in profitability compared to a similar company with no female leadership.
Peterson Institute 2016, Is Gender Diversity Profitable?
Having at least three women on a corporate board is tied to improved financial performance in terms of Return on Equity (ROE) and Earnings per Share (EPS) compared to similar boards with no female representation.
MSCI 2017, Women on Boards Progress Report
Women of color are a force in the U.S. economy. They generate $1 trillion as consumers and $361 billion in revenue as entrepreneurs, launching companies at 4x the rate of all woman-owned businesses.
Harvard Business Review 2018, How Women of Color get to Senior Management
One company in the S&P 500 achieved gender parity on their Board of Directors, and at the VP and higher level, in just two years.
A global financial company that wanted to work on their pipeline ensured that at least 50% of their VP and above hires were women, getting to 50% women at the VP level in two and a half years.
A global retail company achieved gender parity on their board, and hired a woman as CEO.
ParityPledge in support of women
ParityPledge in support of people of color
Parity.org® launched with a mission to create equal representation at the top with the ParityPledge® in Support of women and, in 2020 added a ParityPledge in Support of People of Color in response to the racial unrest in the country.
Donating cryptocurrency is a non-taxable event, meaning you do not owe capital gains tax on the appreciated amount and can deduct it on your taxes. This makes Bitcoin and other cryptocurrency donations one of the most tax-efficient ways to support Parity.org. Of course, please seek the advice of your tax advisor prior to making any crypto donations.
