On March 8, 2020, International Women’s Day, the Wendel Group signed the charter of France Invest (French Association of Investors for Growth), which is aimed at fostering gender parity among French private equity firms and in the companies they support.
The charter includes 30 commitments and sets various goals, including:
- that women comprise 25% of the people with decision-making responsibilities in the Investment Committee between now and 2030 and 30% by 2035, after the resources necessary to reach those goals are acquired;
- that at least 40% of the members of the investment teams be women between now and 2030%;
- that policies be implemented in favor of families;
- that the position of women in portfolio companies be evaluated.
Gender parity is an integral part of Wendel's strategy. A task force dedicated to this topic was created at the beginning of the year. Composed of men and women in both corporate and investment functions, its role is to determine how the company can improve in this regard.
Reminder: The Wendel Group was tied for second place among SBF 120 companies in the proportion of women in executive positions, as reported by the French magazine Le Point in December 2019.