EY’s 2016 Women in Power and Utilities Index tracks the number of women in the boardrooms of the world’s largest utilities in revenue. This year, there are 16% women on P&U boards, with progress a painfully slow rise of only 1% over three years.
EY’s Women in P&U Index analyzes the boards and leadership teams of the top 200 utilities by revenue across the globe. The Index provides a baseline for measuring how much — or how little — the sector progresses each year.
Figure 1 shows that P&U numbers are creeping upwards, but progress is slow. The trend in the 2015 Index was negative for both non-executive directors and total board members. At the current rate of a 1% rise every three years, it would take as long as 42 years to reach 30% women on boards, and 72 years to reach 40%. That’s too long.