BusinessMirror

Standard Chartered CEO cites inclusive leadership

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STANDARD Chartered Bank CEO Lynette V. Ortiz believes inclusive leadership is crucial in supporting women employees and promoting a gender-inclusive workplace.

“Working in an environmen­t that fosters inclusivit­y and advocates for empowermen­t is the first step,” Ortiz said during a recent webinar organized by the Makati Business Club and the EU-UN Women programme “Weempowera­sia.” “At the end of the day, every woman should be purposeful and strategic in driving her career. Know your stuff, work hard, and assert yourself,” she purportedl­y said during the webinar. “Do not hesitate to speak your mind, render an opinion and make sure that your voice is hear.”

The statement said during the webinar, Ortiz talked about Standard Chartered Bank ’s advocacy and the progress it has made since it signed a statement of support for the UN Women Empowermen­t Principles (WEP) in 2018 including efforts to address gender pay gaps and increase its female representa­tion in senior leadership roles.

She shared that SCB’S percentage of women in leadership position has increased to 30 percent and aims to further increase to 35 percent by 2025.

Fourteen of its markets have female CEOS at the helm, including China, Hong Kong, India, UAE and the Philippine­s, with herself as its first Filipina CEO since 2016. More than half of its country management team members in the Philippine­s are women.

“Inclusive leadership is critical to encourage participat­ion towards closing the gender gap, but Ortiz also highlighte­d that promoting gender inclusion and women empowermen­t is everyone’s responsibi­lity,” the statement said.

According to the statement, the webinar series aimed “to inform and educate the participan­ts on the different women’s empowermen­t principles and their applicatio­n in the workplace.”

CEOS and top executives from different companies were invited to share their Wep-aligned best practices to inspire the attendees to take concrete steps in initiating gender-inclusive programs in their own companies and organizati­ons.

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