Change. It’s a constant, in every facet of our lives – and particularly in our economy. As technology and innovation have connected far-flung corners of the world, they’ve also brought entrepreneurship and opportunity to ever more diverse groups – including women. From 2007 to 2018 alone, the total revenue of women-owned business climbed by 46%, according to American Express.
At S&P Global, we’ve been compiling the latest data and producing research on women’s economic participation and impact. It’s vital that we learn where we’ve made progress and where there’s still a long way to go. That’s why we recently introduced #ChangePays, a first-of-its-kind campaign for our company that’s rooted in our commitment to Corporate Responsibility.
For us, Corporate Responsibility is about more than philanthropy – it’s about making a real difference by finding the connections between our skills and the needs of society. It’s how we use our skills and capabilities to make meaningful change. We’re constantly seeking ways to support the communities, countries and regions in which we work and live.
#ChangePays combines S&P Global’s ability to provide unmatched, essential intelligence with our goal to advance discussion around the benefits of more inclusive workforces, and advance opportunity for women. To address inequalities, we have to understand them – and the numbers tell the story, in black and white:
- If we strengthen the number of women in the labor force, it could add $5.87 trillion (not a typo) to the global market capitalization. (S&P Global)
- If we close the gender gap, the average U.S. woman could earn $400,000 more in her lifetime. (National Women’s Law Center)
- 86% of women report that when they see more women in leadership, they can see themselves there, too. (KPMG)
Working to promote an inclusive economy helps empower women all over the world – and ultimately, it benefits all of us.