UK Energy Sees Rise in Female Leaders

UK Energy Sees Rise in Female Leaders
The number of women at the top of the UK energy sector is rising, according to a new report by POWERful Women and PwC.

The number of women at the top of the UK energy sector is rising, according to a new report by POWERful Women and PwC.

This year’s analysis, which looked at the composition of the boards of the top 80 companies in the UK energy sector and focused on the most significant employers, showed that 21 percent of board seats in the sector are occupied by women. This figure stood at 16 percent last year and 13 percent in 2018, PwC highlighted.

The analysis also showed that 13 percent of executive board seats are occupied by women, which is more than double last year’s six percent, and that 15 percent of the companies surveyed have now reached the POWERful Women target for 2030 of having at least 30 percent of their executive board seats occupied by women.

More than a third of the UK’s top energy companies still have no women on their boards at all, however, according to the report, which also outlined that more than two thirds of these companies have no women occupying executive board seats.

“This year we have seen the most progress since we started compiling board statistics five years ago,” Ruth Cairnie, the chair of POWERful Women, said in an organization statement.

“The increase in the number of women in executive director positions is particularly noteworthy.  Nonetheless, there is a long, long way to go before the representation of women at senior levels is sufficient or sustainable,” Cairnie added.

Steve Jennings, the energy and utilities lead at PwC, said, “the progress being made by energy companies to improve gender balance on their boards is to be welcomed, but the pace of improvement makes it clear that there is a long journey ahead of us if 2030 targets are to be met”.

“We are on the right path, but companies will not want to delay adopting strategies and plans which enable talented women in the sector to be given the opportunity to reach their full potential,” he added.

To contact the author, email andreas.exarheas@rigzone.com



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