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MIL OSI Translation. Region: Russian Federation –

Source: Moscow Exchange – Moscow Exchange –

The Moscow Exchange presented the results of a study on the disclosure of information on equal opportunities by issuers. The presentation of the results took place on March 6, 2024 at the round table “Equality of opportunity – the basis of social and economic development” organized by the exchange.

According to the study, 93% of public companies report the gender and age of their employees in their sustainability reports. 80% of issuers cite the gender composition of employees depending on position level.

Nearly half (47%) of publicly traded companies disclose employee salary levels by gender. Most often this is done by companies from the oil and gas sector, energy and metallurgy, and least often – from the banking and retail sectors.

The highest proportion of women in the overall workforce and management is observed in retail, and the lowest in metallurgy and energy.

Representatives of the stock exchange, banks, industrial and raw materials companies discussed equality of opportunity at the round table. Participants discussed career opportunities, assessed measures to support families and Russian business initiatives in this area.

Elena Kuritsyna, Senior Managing Director for Relations with Issuers and Authorities of the Moscow Exchange: “It’s nice that the now traditional round table and our research have aroused keen interest among representatives of Russian business. Open dialogue helps develop next steps towards achieving equality of opportunity, which creates benefits for companies and drives economic growth. 2024 in Russia has been declared the Year of the Family, which gives a new meaning to equality between men and women. Previous principles of career growth and division of labor tend to be revised. Business demonstrates its readiness for change, and often initiates it itself, offering new tools for career development, gender equality and family support. The best practices of Russian companies in this area can serve as a starting point for popularizing sustainable development goals. The Moscow Exchange does a lot of work in the field of sustainable development and the implementation of its principles in the financial market. First and foremost, we ourselves follow these approaches, strive to ensure fair working conditions, promote environmental protection, and promote best ESG practices.”

The round table participants ended the trading session with a ceremonial ringing of the stock exchange bell as part of the global initiative Ring the Bell for Gender Equality. The Moscow Exchange has supported this initiative for the seventh year in a row, working together with global trading platforms to draw attention to gender equality issues and the creation of equal opportunities for all employees. In 2024, approximately 100 global exchanges have participated in the Ring the Bell for Gender Equality initiative.

The global initiative Ring the Bell for Gender Equality brings together women business leaders, investors and government representatives in various countries. Organized by the International Finance Corporation (IFC), The SSE initiative, United Nations Global Compact (UNGC), United Nations Entity for Gender Equality and Empowerment women (United Nations Entity for Gender Equality and the Empowerment of Women, UN Women) and the World Federation of Exchanges (WFE).

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Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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