Chief executives of 110 companies in Thailand on Wednesday, have signed up to a new set of UN principles on women’s economic empowerment, pledging to improve gender equality in the boardroom, equal pay for equal work, and safer and more inclusive workplaces.

The Women’s Empowerment Principles (WEPs), established by UN Women and the UN Global Compact, offer guidance to businesses, regardless of their size or sector.  

According to UN Women, Thailand has done “comparatively well” in terms of women occupying senior business roles. Across the country, 24 percent of chief executive officers (CEOs) and managing directors are women, compared to an Asia-Pacific average of 13 per cent. Globally that figure stands at about 20 per cent. 

While the Asia-Pacific region has made impressive progress in reducing extreme poverty, with women helping to power growth, fully closing the gender equality gap could take another 100 years.  

The ‘new normal’ shines a light on our common humanity, shared vulnerabilities, and it is only through a collective, collaborative recovery that a more gender equal society can be fully achieved 

Mohammad Naciri, UN Women

Against this backdrop, UN Women’s WeEmpowerAsia initiative, aims to mobilize the private sector towards gender equality and increase women’s full and equal economic participation through implementing the WEPs. Its focus countries include China, India, Indonesia, Malaysia, the Philippines, Thailand and Viet Nam. 

Vietnam leads ASEAN in women's employment
Vietnam leads ASEAN in women’s employment

‘Bold, decisive action for equality’ 

Amid the coronavirus pandemic, the region’s economies can create an opportunity for full recovery by building on the trend towards full equality, said Mohammad Naciri, Regional Director for Asia and the Pacific at UN Women. 

Speaking at a physically-distanced signing ceremony in the Thai capital, Bangkok, Mr. Naciri called for “nothing less than bold, decisive actions to secure a generation of equality in business as well as women’s full and equal participation across all sectors.” 

“The ‘new normal’ shines a light on our common humanity, shared vulnerabilities, and it is only through a collective, collaborative recovery that a more gender equal society can be fully achieved”, he added. 

Globally, some 3,600 companies have committed to the WEPs, and prior to the ceremony on Wednesday, only 11 Thai companies had signed on, according to the UN gender equality agency. 

Guiding principles 

Established in 2010, the WEPs are based on international labour and human rights standards, grounded in the recognition that businesses have a stake in, and a responsibility for, gender equality and women’s empowerment. 

Its seven principles include: establishing high-level corporate leadership for gender equality; treating all women and men fairly at work, without discrimination; ensuring health, well-being and safety of all workers; promoting education, training and professional development for women; implementing enterprise development, supply chain and marketing practices that empower women; promoting equality through community initiatives and advocacy; and measuring and reporting on progress towards gender equality.

About the author

https://www.siamnewsnetwork.net/ | Website

Siam News Network includes top references news sites, Job Board, Business Directory and Classifieds Portal

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Proposed Amendments to Thailand’s Public Limited Companies Act

The proposed amendments aim to improve the efficiency of and bring consistency to Thailand’s corporate system and procedures that were impacted by the pandemic, as borders were closed and logistics disrupted, leading to the loss in competitiveness for local businesses.

True and Dtac Merger Talks Highlight Necessity of Scale at Thai Telcos

The merger between True Corporation, a subsidiary of conglomerate Charoen Pokphand Group, and Total Access Communication (Dtac), a subsidiary of Norway’s Telenor would shrink the number of big telcos players in Thailand to only two.

In 2020 Asia will have the world’s largest GDP. Here’s what that means

In 2020 Asia’s GDP will overtake the GDP of the rest of the world combined. By 2030, the region is expected to contribute roughly 60% of global growth. Asia-Pacific will also be responsible for the overwhelming majority (90%) of the 2.4 billion new members of the middle class entering the global economy.