Gender equality is achieved when people can achieve the same rewards and have access to the same resources and opportunities regardless of their gender. Achieving gender equality is not only because it is ‘the right thing to do’, but it boosts the productivity and performance of organisations and the economy.
A McKinsey survey of 366 public companies found that those in the top quartile for gender diversity were fifteen percent more likely to have financial returns above their respective national industry medians. In 2012 the Grattan Institute found that removing disincentives for women to enter the paid workforce would increase the size of the Australian economy by about $25 billion per year.
The Australian Legal sector generally outperforms the rest of Australian Industry and its comparable industry sectors in gender related commitment and performance, as illustrated in the chart below.
Comparison of Gender Equality Performance