Women employees form 70% of CDL’s workforce and 47% of its department heads. In 2018, the number of women department heads in CDL increased by 60% compared to 2017. To promote awareness and adoption of diversity and inclusion, CDL established an internal Diversity and Inclusion Task Force in 2017. This Task Force complements CDL’s Women4Green network, a first in Singapore, which inspires and empowers women to create a financially, environmentally and socially sustainable future.
CDL also adopted a formal Board Diversity Policy in 2017, setting a clear framework for promoting diversity on its Board. To date, about 30% of directors on the CDL Board are women, surpassing the Diversity Action Committee (DAC) Singapore’s recommended target of 20% women representation on the boards of Singapore-listed companies by 2020.
CDL Group CEO Mr Sherman Kwek said, “In a traditionally male-dominated industry, CDL is honoured to be listed on the GEI for the second consecutive year. A diverse workforce enables us to make better decisions and achieve superior outcomes. Our diversity across genders, age groups, cultures and geographies has given us a strong strategic advantage and we will continue to support the professional development of all employees within our Group.”
Mr Kwek is part of the DAC and he also joined over 1,800 global leaders in pledging support for the Women’s Empowerment Principles, an initiative jointly developed by the UN Women and UN Global Compact to promote gender diversity at the workplace.
Tracked by investors, the GEI uses a standardised reporting framework for public companies to disclose information on how they promote gender equality across four separate areas – company statistics, policies, community engagement as well as products and services. Based on the extent of disclosures and achievement of best-in-class statistics and policies, reporting companies that score above a globally-established threshold are included in the GEI.
For more information on the GEI, visit https://www.bloomberg.com/professional/solution/gender-equality-index/.