On International Women's Day (IWD) we celebrate the remarkable contributions of women in our organisation and reaffirm our commitment to fostering a diverse and inclusive workplace at EFG.
EFG is committed to providing an equitable and inclusive working environment that is founded on the principle of mutual respect. We want to foster a sense of belonging among all our employees and to empower them to realise their full potential by creating a workplace in which every employee can be the best version of themselves.
See below the ways in which EFG promotes gender equality and inclusion:
Our 30-by-30 target
EFG aims to achieve appropriate female representation at all levels of the organisation and has set a dedicated target of achieving 30% female representation by 2030 in the senior manager population.
To support this, EFG has defined a set of actions:
- Ensure diversity within the hiring team and establish diverse talent pipelines (i.e. ensure as far as possible that there is a female candidate for every position)
- Strengthen our collaboration with relevant partners (e.g. Advance)
- Ensure diversity in internal succession planning: Diversify senior management succession planning pipelines to ensure appropriate female representation
- Intensify training on DEI for all employees
As part of our commitment to being an equal opportunity employer, we also ensure that compensation decisions are based solely on each employee’s performance, conduct and contribution to EFG’s success. Our equal pay practices in Switzerland have been externally recognised and certified according to the Swiss Gender Equality Act since 2022.
Partnering for equality: Our local initiatives
In 2023, EFG signed up to the Advance Charter. Advance is the leading business network for gender equality in Switzerland, with over 140 Swiss-based companies as members. Its Charter represents a letter of intent governing gender balance in Swiss business.
In addition, EFG became an official partner of the “Diversity and Inclusion Week” at the University of St. Gallen (HSG). Through the sponsorship of the event in September 2023, we supported lectures and training courses on DEI and the publication of the latest research findings on this topic. In 2023, EFG also contributed for the first time to the Gender Intelligence Report that is published jointly by Advance and HSG and examines gender equality in Swiss companies.
Having a diverse and inclusive workforce is deeply rooted within our people strategy and reflected in our ongoing efforts to attract women to our company by supporting them in their professional development and the advancement of their careers. To find out more about EFG’s diversity, equity and inclusion strategy, you can access the 2023 Sustainability Report here.
So, this IWD we want to recognise the enormous dedication, professionalism and expertise of all the women who work for our bank in our different regions and divisions and to highlight the vital role they play in driving our success and in creating value – today and for the future.