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Sala de juntas con ejecutivas y ejecutivos diversos frente a una pantalla con un gráfico de barras en ascenso
Imagen alusiva generada para EPM sobre liderazgo femenino y resultados empresariales · EPM

Gender equality pays off for business, yet companies are pulling back

An ILO report based on 11,957 enterprises in 99 countries finds gender equality initiatives improve business outcomes, while implementation fell from 37.4 per…

--- The context --- The International Labour Organization released a report on Tuesday on women in business and management drawing on a 2025 survey of 11,957 enterprises in 99 countries, surveys from 2013 and 2018 and 30 years of labour market data. --- The facts --- Between 2013 and 2025, the share of companies with a woman board chair rose from 13.1 per cent to 30.1 per cent, while the share with a woman chief executive climbed from 23.5 per cent to 28.2 per cent. Women still hold around a third of managerial roles. Gender balance increased at senior and top management levels, but declined at junior and middle management. Nearly 70 per cent of enterprises surveyed in 2025 said gender equality and diversity initiatives had improved business outcomes, up more than 11 percentage points from 2018. Among those reporting increased profits through initiatives promoting women in management, 87.4 per cent reported gains of at least five per cent. --- The positions --- Maria Paz Anzorreguy, Director of the ILO Bureau for Employers' Activities, argued in indirect terms that leaving women's potential untapped makes little business sense while enterprises compete for skills and talent. Rosemarie P. Rafael, founder and chairperson of the Philippines-based logistics company Airspeed, one of three case studies, suggested that a nurturing culture with fair recruitment, promotion and remuneration attracts the best talent, and that women shine when they know they have a future in the company. --- What remains unknown --- The report does not explain why practical implementation is falling or where the decline is concentrated by country or sector. It also leaves open how the junior and middle fall will affect senior leadership, despite women's educational advances. --- Unanswered questions --- Why are companies cutting measures they themselves identify as among the most effective? Why did 74.8 per cent report a gender equality policy in 2025 while only 26.5 per cent implemented it? How can the pipeline recover if balance keeps falling at junior and middle levels? --- EPM analysis --- Although 74.8 per cent of enterprises reported a gender equality policy or equivalent in 2025, the share implementing such policies fell to 26.5 per cent, down from 37.4 per cent in 2018. The decline included maternity leave and support programmes and equal pay initiatives, measures enterprises themselves rated highly. The report proposes stronger leadership pipelines, better access to under-represented roles and sectors, gender metrics and voluntary targets, and action on unequal care responsibilities, occupational segregation and persistent social norms. 📌 EPM Take: In EPM's view, the most troubling finding is not a shortage of evidence but a retreat despite evidence that points the other way. Companies report better outcomes from these initiatives, yet implementation has fallen from 37.4 to 26.5 per cent. Equality will not advance on policy statements alone. It requires sustained execution, a pipeline rebuilt from the junior levels upward and honest measurement, otherwise the gains already visible at the top risk becoming a peak without a durable base beneath them.
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