ABB to double its share of women in management positions

Launch of 'Global Diversity & Inclusion Strategy 2030'

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ABB
ABB aims at reaching a 25% share of women in senior management positions from currently 12.5%. Photo - ABB

ABB has launched it’s new ‘Global Diversity & Inclusion Strategy 2030’ through which it plans to double the proportion of female managers worldwide over the next ten years. With this step, ABB aims at reaching a 25% share of women in senior management positions from currently 12.5%.

Headquartered in Zurich, Switzerland, ABB is a global technology company operating mainly in robotics, power, heavy electrical equipment, and automation technology areas. ABB pushes the boundaries of technology to drive performance to new levels by connecting software to its electrification, robotics, automation, and motion portfolio. With a history of more than 130 years, ABB has a presence in more than 100 countries, including India.

The target forms part of ABB’s broader ambition to foster inclusion and equality across all diversity areas, including gender, abilities, generations, ethnicity, and LGBTQ+. ABB said that it would be offering employees inclusive leadership training and development programs, mentoring programs, and learning interventions to foster an inclusive culture.

“Building and fostering a culture of diversity and inclusion is a key priority for ABB and represents a foundation for innovation and better decision making,” said Björn Rosengren, chief executive officer of ABB. “This is not only the right thing to do, but also a means to further improve our business performance as diversity becomes increasingly important for both internal and external talents, customers, as well as investors.”

Recently, ABB was among more than 50 leading European companies in the industrial and technology sectors to reaffirm a pan-European commitment to diversity and inclusion in the context of the initiative #EmbraceDifference. Spearheaded by the European Round Table for Industry (ERT), of which Rosengren is a member, the effort is designed to create an environment suitable for promoting inclusion and diversity in the workplace.

This summer, ABB signed the Standards of Conduct for Business, Tackling Discrimination against Lesbian, Gay, Bisexual, Trans, and Intersex People, put forth by the United Nations High Commissioner’s office for Human Rights. The standards of conduct offer five concrete steps that companies can take to align their policies and practices with international standards on the human rights of LGBTI people. ABB expects these standards to be followed by its suppliers to generate a real impact in the more than 100 countries the company operates in.

Furthermore, it has signed a partnership with Europe’s largest LGBT rights organization, Stonewall, to develop a roadmap on LGBTQ+ for employees.

The Covid-19 pandemic led to the country-wide lockdown on 25 March 2020. It will be two years tomorrow as I write this. What have we learned in this time? Maybe the meaning of resilience since small companies like us have had to rely on our resources and the forbearance of our employees as we have struggled to produce our trade platforms.

The print and packaging industries have been fortunate, although the commercial printing industry is still to recover. We have learned more about the digital transformation that affects commercial printing and packaging. Ultimately digital will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future.

Web analytics show that we now have readership in North America and Europe amongst the 90 countries where our five platforms reach. Our traffic which more than doubled in 2020, has at times gone up by another 50% in 2021. And advertising which had fallen to pieces in 2020 and 2021, has started its return since January 2022.

As the economy approaches real growth with unevenness and shortages a given, we are looking forward to the PrintPack India exhibition in Greater Noida. We are again appointed to produce the Show Daily on all five days of the show from 26 to 30 May 2022.

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– Naresh Khanna

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