Gender and Corporate Social Responsibility: It's a Matter of Sustainability

Gender and Corporate Social Responsibility: It's a Matter of Sustainability

Gender diversity in corporate leadership leads to increased corporate social responsibility as well as sustainability, an issue brief from Catalyst finds. According to Gender and Corporate Social Responsibility: It's a Matter of Sustainability (4 pages, PDF), Fortune 500 companies with three or more women directors on their boards in 2007 donated, on average, twenty-eight times more to charity than companies with no female board members, while companies with women occupying at least a quarter of the corporate officer positions donated thirteen times more to charity than companies with no female officers. Even after controlling for financial performance, company size, and industry, Catalyst and Harvard Business School researchers found that the presence of more women leaders translated into higher levels of philanthropy. Moreover, they speculated that gender-diverse leadership teams tended to be more attentive to issues of gender equality and fairness in the allocation of philanthropic resources and that the application of a gender fairness lens in the allocation of philanthropic resources also could improve the quality of a company's CSR activities.