Working with suppliers to advance gender equality in global supply chains
18 October 2021
One of our key beliefs is that women should be fairly represented in management in all workplaces, including our own business and throughout our supply chain. But in so many workplaces, women face social and economic barriers that often prevent them from realising their full potential. This past year has further entrenched some of those barriers, reinforcing the need for action to ensure we are building supply chains that are fair, inclusive and effective.
In recognition of this, Tesco is already member of the 30% Club, a campaign group of Chairs and CEOs which aims to increase gender diversity on boards and senior management teams. Tesco Bank is also committed under the UK Treasury Women in Finance Charter to have at least a third of women at Board, Executive Committee, and Director level by the end of 2022.
When it comes to the supply chain, we know we can achieve most when we work in partnership with others. So we are now working with our direct suppliers towards the ambition for at least 30% of supervisory and management roles to be occupied by women by the end of 2025. We want to increase representation in leadership and ensure those previously disadvantaged have opportunities for development and progression. As part of this we have asked our suppliers to
Analyse the current breakdown of their total workforce including supervisory and management roles
Develop action plans to improve representation where it currently falls short
The benefits of diversity and gender parity in leadership and decision-making roles are well documented and should be obvious to all. Building a more diverse and inclusive workforce improves performance, innovation and staff engagement making businesses future fit. Put in the simplest terms, it means more talent can rise to the top.
We know there is more to be done and we are committed to leading the change for women in our value chains and beyond. Through collective action we can build fully inclusive and productive supply chains where both men and women have equal access to opportunities and can realise their full potential.