Research shows that companies with above-average diversity in their leadership teams have 6% higher profit margins and 9% higher EBIT. Energy companies must take urgent action to boost diversity among all spheres of their workforce and make inclusivity a strategic priority if they are to thrive in a data-driven, low-carbon world which demands continual innovation.
The World Petroleum Council (WPC) and Boston Consulting Group (BCG) have an ongoing partnership to provide an assessment of diversity and inclusion in the energy sector. The report, titled “Untapped Reserves” considers issues around diversity and inclusion more broadly, expanding the definition of diversity beyond gender and beginning to acknowledge the importance of equity. The survey focuses on how the industry is performing when it comes to attracting, retaining and promoting women and also looks at practical ways to improve DE&I outcomes across the full employee journey.
Untapped Reserves is the only global gender study of its kind in the Energy Sector.
The results of the Untapped Reserves Survey will be presented at the 24th World Petroleum Congress which takes place in Calgary, Canada from 17-21 September 2023.
The two previous editions of this survey provide an extensive body of research and a highly valuable in-depth and representative look at where the industry stands on this very important topic. See below for the most recent Untapped Reserves 2.0 Reports:
WPC-BCG Untapped Reserves 2.0 Report
WPC-BCG Untapped Reserves 2.0 Infographic
WPC-BCG Untapped Reserves 2.0 Executive Summary
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