While women now comprise 47% of the workforce, only 4% of S&P 500 companies have female CEOs, and only one company out of those 500 has achieved gender parity on its board. Amongst women at all levels and across industries, significant wage gaps remain. The Institute for Women’s Policy Research found that as of 2018, women still only make $0.82 for every $1.00 made by men, a gap that grows for minority women. The fight for better conditions for working women goes beyond pay and representation: women are also fighting for paid family leave, job security during and after pregnancy, and contraceptive coverage included in company healthcare plans.
This screen focuses on the representation of women in corporate leadership. If you select this cause, OpenInvest invests you only in companies with at least 35% of women on either the board of directors or in its executive ranks. We hope to raise the bar for minimum board seats, and add additional indicators, as progress is made and as more data becomes available.