Ellect Stars in Gender Equality
Proof That Your Business is Committed To Gender Equality
What is Ellect Stars in Gender Equality?
In 2021, Ellect embarked on a research journey to evaluate the progress of gender equality within senior leadership roles, particularly focusing on boards of directors and C-Suites of the companies in the ASX (Australian Stock Exchange) and NASDAQ. What we discovered was sobering: out of over 10,000 companies examined, fewer than 5% met the simple criteria we set of having at least one woman in the role of CEO, CFO, or Board Chair, and a minimum 25% female representation within their board and leadership teams.
See the results of our research here:
Australian Stock Exchange (ASX)
Nasdaq
Our research showed that there is still a long way to go to achieve gender equality in the workplace. With this, Ellect Stars was developed to recognize and reward companies that actively promote and practise gender equality within their leadership teams and corporate boards. It aims to highlight and celebrate organisations that are committed to creating diverse and inclusive workplaces, particularly by ensuring women’s representation in influential roles such as C-Suites and Board of Directors.
The qualifying companies are then eligible to receive a digital badge (using blockchain technology and cannot be copied by others) that they can proudly showcase their achievement on their website or social media.
Ellect Stars serves as both a benchmark and an incentive for businesses to implement gender equality practices, fostering a more equitable and progressive corporate environment. By acknowledging and rewarding companies that meet specific criteria for gender equality, Ellect Stars aims to drive positive change, encourage greater diversity, and elevate the standards of inclusivity in the business world.
What are the benefits to achieving Ellect Stars for your business?
Clear marker of commitment to gender equality and inclusivity
Adding the Ellect Stars badge to your website or social media profiles instantly communicates your dedication to fostering diverse leadership practices and promoting an equitable work environment.
Boost Your Reputation
It demonstrates to your stakeholders, including customers, investors, employees, and the public, that you prioritise values that extend beyond profit margins.
Attract Top Talent
In an increasingly conscious job market, potential employees seek organisations that align with their personal values. The badge signals to prospective candidates that your company champions diversity and is a place where their contributions will be valued irrespective of their gender.
Badge as Core Principles Statement
By prominently displaying it, you establish yourself as a forward-thinking organisation that actively contributes to positive societal change. This can enhance your brand’s appeal and encourage a community of like-minded individuals to engage with your business, thereby fostering a more diverse and inclusive network.
How do you qualify for Ellect Stars in Gender Equality?
For Small Businesses
If the small business achieves at least 1 of the following:
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- The most senior leadership team – at least 25% are women
- All employees – at least 25% are women
For Large Businesses
If a company achieves each condition below they receive a point:
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- Have at least 1 woman CEO or CFO
- Have 1 woman Board Chair
- Have at least 25% women on Board of Directors
- Have at least 25% women on Senior Leadership Team
If the company achieves 3 or 4 points, then are awarded Ellect Stars in Gender Equality.
We are reviewing each listed company which you can find here.
If your small business qualifies or your large business is listed and has more than 3 points, you are free to tell the world that you have achieved an Ellect Stars in Gender Equality!
If you would like a digital badge (using blockchain technology and cannot be copied by others), you can fill out the forms below. Our assessment is valid for 12 months therefore the digital badge will expire if your new assessment does not qualify you again.
Digital Badge Fees
For Small Business (Small Business Achievement)
If the small business achieves at least 1 of the following:
- The most senior leadership team – at least 25% are women
- All employees – at least 25% are women
$195 per year*
Small Business
For Large Business (Ellect Silver & Gold Star)
If a company achieves each condition below they receive a point:
- Have at least 1 woman CEO or CFO
- Have 1 woman Board Chair
- Have at least 25% women on Board of Directors
- Have at least 25% women on Senior Leadership Team
If the company achieves 3 or 4 points, they are awarded Ellect Stars in Gender Equality.
$495 per year*
Business with 20+ employees
For Large Business (Ellect Silver & Gold Star)
If a company achieves each condition below they receive a point:
- Have at least 1 woman CEO or CFO
- Have 1 woman Board Chair
- Have at least 25% women on Board of Directors
- Have at least 25% women on Senior Leadership Team
If the company achieves 3 or 4 points, they are awarded Ellect Stars in Gender Equality.
$495 per year*
Business 20 – 99 Employees
*All prices quoted are in US Dollars
Next Steps…
If you are interested in purchasing Ellect Stars as proof to your commitment to Gender Equality, Click the “Start Here” button to start the application process. No payment is required upfront.
Fill out the online application form and once completed, click submit.
Your information on the form will be verified by our team within 5 business days.
Once all the details are verified, we will notify you of your successful application and send you a payment link to pay the fee.
Upon payment, we will send you your digital badge with details on how you can integrate into your website, email signature and any other digital media. Our badge is protected by blockchain technology to ensure the integrity of the badge.
You can start showing off your Ellect Stars!
Join the Movement: Nominate Companies for Ellect Stars in Gender Equality
Ellect is actively searching for companies that demonstrate their dedication to promoting diversity and inclusivity through actions, particularly with women represented in C-Suites and Boards. We invite you, our readers, to take an active role in recognizing and celebrating these companies. If you know of an organisation that nurtures an all-embracing atmosphere for women and is a beacon of gender equality, we encourage you to nominate them for the esteemed Ellect Stars in Gender Equality award.
To put forward a company that embodies these values, just follow the link below. The process of nominating a company takes only half a minute:
Let’s work together to shine a light on businesses that are driving positive change and setting a new standard for gender equality in the corporate world. Together, we can create a more equitable, diverse, and prosperous future for all.
Our Social Impact is Good For Business
“Our work is aligned with United Nations Sustainable Development Goals No. 5 – Gender Equality and No. 10 – Reduced Inequalities.
Research upon research have shown the benefits of diversity in business. McKinsey in their research have published that Companies with low rates of both gender and racial diversity are 29% more likely to make less money (See Delivering Through Diversity 2018)
