Baroness Verma is to launch POWERful Women (PfW), a new, professional initiative to showcase female leadership potential in the UK’s energy sector. PfW has an ambition of 30% of executive energy company board members to be female by 2030 and 40% of energy company middle management to be female by 2030.
The energy sector is reportedly tackling a wide range of important challenges at the moment, from keeping the lights on to helping consumers reduce energy waste and building a more sustainable low carbon future. Industry competitiveness relies on a diverse pool of talent capable of bringing fresh perspectives. Yet, recent research published by Eversheds, a law firm, shows that on average 12.8% of jobs in the energy sector are held by women and 12.5% of directors on energy company boards are females. PfW believes that a much stronger female influence is needed at the top table.
PfW brings together industry, academia and political representatives that span exploration, energy generation and supply, energy efficiency, technology, government and consumer issues. It will support and encourage energy companies to appoint more women to senior roles as part of building stronger businesses, including through matching industry leaders with professional women to help overcome challenges and build opportunities for greater female leadership.
Baroness Verma, Energy and Climate Change Minister, and Co-Founder of POWERful Women said, ‘we need to transform the way we generate and use energy, but we also need to transform the disparity of representation of women in the industry, particularly at senior and mid management levels. POWERful Women will endeavour to make this important goal become a reality, through bringing together industry, academic and political leaders to showcase women in the energy sector and provide support where it’s needed.’
Nicky Morgan, Minister for Women said, ‘it’s great to see the energy industry taking positive steps to promote female leadership. We know that businesses get stronger by having women engaged at all levels. Everyone will benefit from women bringing their expertise and a fresh perspective to meeting the UK’s energy needs.’
Adapted from press release by Claira Lloyd
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