For the third time this year the "Ring the Bell for Gender Equality" ceremony, promoted by Women in ETFs to celebrate the International Women's Day, will be held in Milan. On Friday 6 March, shortly after the opening of the celebrations (scheduled for 9:30 am), the bell will ring at the same time in over 60 globally active Exchanges. Partners in the initiative are: UN Global Compact, Sustainable Stock Exchanges Initiative, UN Women, IFC, and The World Federation of Exchanges.
Through this coordinated action, the world of finance and business intend to drive a fundamental principle: that for which prosperous, healthy and sustainable markets are based on gender equality and equal opportunities between men and women. The event will be characterized as an opportunity for networking, but also for in-depth analysis and exchange on the insights related to the theme.
There is still a need to keep the focus on SDG 5 high - if not very high. Suffice it to say that, in Europe alone, the percentage of women inactive due to family care commitments has reached 31%, with a worsening in the last ten years. The under-representation of women in the labour market, with due differences in individual countries, is sadly common throughout Europe and according to the EU Commission, economic losses due to the gender gap in employment levels amount to 370 billion euros per year.
Looking at the sub-population of women workers, in Italy as in other European countries, the gap between men and women in terms of perceived salary, career opportunities and involvement in top positions remains alarming. The incidence of the phenomenon is growing with reference to specific areas of the territory.