UK Energy Suppliers Falling Behind on Women Board Members
- Seventeen companies have all-male boards, study says
- Lack of diversity may hinder ability to meet climate goals
An employee loads tools in to a van at the Octopus Energy Ltd.'s training and R&D centre in Slough, UK.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
Seventeen of the UK’s biggest energy companies still don’t have any women on their boards despite government and industry calls for greater diversity in corporate leadership, a void that may threaten the sector’s ability to attract talent and investors for the green transition.
Only 29% of board seats at British firms are held by women, an increase of just 2 percentage points from last year, according to a joint report by professional group POWERful Women and PwC UK. The companies with male-only boards, including Ovo Energy Ltd. and Octopus Energy Ltd., make up 21% of those surveyed.