Gender diversity is an important factor for sustainability. It is very helpful in improving the quality of decision-making, which includes the ability to make more sustainable decisions.
Research on this topic has shown that women are more likely to be concerned about environmental issues, and more likely to want to take action on climate change. This is because women are more likely than men to understand the threats of climate change and its consequences.
Board diversity is an important indicator of sustainability. It has been found that greater board gender diversity is associated with higher sustainability performance. But why would female directors be more likely to promote sustainable development than their male peers? Let’s find it here!
Women consider morality and ethics in terms of responsibilities. Aside from caring for others, they also take it as a responsibility to make the world a better place by tackling society’s challenges.
Following the resource dependence theory, women possess different human capital than men and can therefore contribute to the diversity of the boards’ human capital, which could lead to better decision-making. Furthermore, psychological studies have shown that women have particular traits and values that distinguish them from men. It is believed that women are more transformational and participative leaders than men are. Previous research has also shown that female managers engage in more coaching behavior than their male counterparts.
Based on the theory of social capital, board gender diversity is associated with sustainability. Social capital is the differential ability to access information, knowledge, and opportunities based on one’s networks. The research shows that women are more aware of their own needs as well as the needs of those around them. This understanding translates to a better ability to work towards sustainable practices in organizations as they can identify the needs of others and provide solutions accordingly.
This concludes that a larger representation of women can introduce new approaches, views, and beliefs. This adds to the range of perspectives in decision-making processes and is more likely to promote sustainable development.
You can use the services provided by MERIT500 to identify hidden resources, such as female candidates who can enhance the functioning of boards, thus potentially promoting corporate performance and sustainable development.
In order to mitigate climate change, the corporate world must reduce greenhouse gas emissions. The more diverse the top management team is, the better able they are to manage climate change. By maintaining gender diversity at the top of the organization, we send a message about the importance of climate change.
Read more articles about Gender diversity.
Originally Article Publsihed here https://www.merit500.com/do-women-in-board-positions-have-a-greater-chance-of-promoting-sustainable-development