Standard Chartered Sri Lanka globally recognized for gender equality with EDGE certification – Lanka Business Online
Standard Chartered Sri Lanka has been certified to the second highest level of the Economic Dividends for Gender Equality (EDGE) Three Tier Certification – “Move: Showcasing Progress”, marking a first for Sri Lanka. The Bank’s EDGE certification, the process of which was supported by the International Finance Corporation (IFC) as part of the IFC-DFAT Women in Work program, recognizes its strategic commitment to creating an equal workplace that benefits employees. , customers and partners.
Launched at the World Economic Forum (WEF) in 2011, EDGE is the leading global assessment methodology and business certification standard for assessing business commitment to gender equality. Backed by IFC, an accredited EDGE certification partner, Standard Chartered Bank’s performance in gender equality in the workplace has been assessed and assessed against global and industry benchmarks. This certification recognizes that the Bank’s people, diversity and inclusion strategy is a strong and effective institutional framework of policies and practices that showcase progress in equal representation, pay equity and fair career flows.
In addition, Standard Chartered offers several programs that promote equality in the workplace, introducing a fair compensation charter, employee support groups and mentoring programs, among others, which have helped achieve a balance. 50:50 men to women in the workforce, 100% maternity return rates and 50% new female recruits. The Bank’s participation in the two-year IFC-DAFT Women in Work, SheWorks partnership has further strengthened these efforts.
In some of the highlights noted during the validation process, Standard Chartered received high praise in areas such as equal access to leadership development opportunities, a strong framework of policies and procedures, inclusiveness of the working environment, a balanced gender composition in management positions and flexible working. conditions.
In addition to being certified Great Place to Work® for the third consecutive year in 2021, the Bank was recently named one of the 10 “Best Workplaces ™ for Women in Sri Lanka” for the implementation of several initiatives to support the advancement of women in the workplace.