advancing gender equality globally - human right 2 water

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CONFIDENTIAL AND PROPRIETARY Any use of this material without specific permission of McKinsey & Company is strictly prohibited March, 2020 Advancing gender equality globally

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Page 1: Advancing gender equality globally - Human Right 2 Water

CONFIDENTIAL AND PROPRIETARYAny use of this material without specific permission of McKinsey & Company is strictly prohibited

March, 2020

Advancing gender equality globally

Page 2: Advancing gender equality globally - Human Right 2 Water

2McKinsey & Company

§ Double the likely growth in women’s output compared with business-as-usual scenario

§ Size of Japan, Germany, and UK combined

§ All regions stand to gain

$12TNTackling the global gender gap is worth a lot!

Page 3: Advancing gender equality globally - Human Right 2 Water

McKinsey & Company 3

Progress towards gender equality has been slow even before the pandemicParity equals a score of 1

Gender Equality in Society

Gender Equality in Work

0.52

0.510.67

0.66

2015 2019

Page 4: Advancing gender equality globally - Human Right 2 Water

McKinsey & Company 4

A handful of gender parity indicators have improvedComparison of world average 2014–19

Professional and technical jobs (F/M ratio)

Leadership positions(F/M ratio)

Maternal mortality(per 100,000 births)

Legal protection(index)

Political representation(F/M ratio)

Labor force participation rate

Formal employment

Unpaid care work

Education level

Financial inclusion

Unmet need for family planning

Digital inclusion

Sex ratio at birth

Child marriage

Violence against women

0.50.54

146134

0.710.73

0.350.37

0.220.26

2015 2019

Gender parity indicators with positive progress Gender parity indicators that have stayed flat…

Page 5: Advancing gender equality globally - Human Right 2 Water

McKinsey & Company 5

Across countries, gender equality in work is strongly linked with gender equality in society MGI Gender Parity Score

0.4

0.8

0.5

0.80

0.3

0.70 0.900.750.60

0.7

0.450.2

0.50 0.65

0.6

0.40 0.850.55Gender equality in society

Gender equality in work<5,000

>50,000

10,000-15,00015,000-25,000

5,000-10,000

25,000-50,000

Per capita GDP

Page 6: Advancing gender equality globally - Human Right 2 Water

McKinsey & Company 6

COVID-19 has disproportionately affected women

SOURCE: McKinsey: COVID-19 and gender equality: Countering the regressive effects, NYT: They Go to Mommy First, COVID-19 and the gender gap in work hours; ILO Monitor: COVID-19 and the world of work. Fifth edition

Jobs

54%Women accounted for 39% of the global workforce pre-COVID-19 but account for 54% of job losses

Health

70%of jobs in human health and social work are held by women that are, in many regions, at the frontline of the health crisis

Double shift

25%Increase in the gender gap in hours worked. Research estimates that mothers have reduced their work hours 4 to 5 times more than fathers

Page 7: Advancing gender equality globally - Human Right 2 Water

McKinsey & Company 7

We are at a cross-roads

Target women and women-owned

businesses as part of stimulus efforts

Commit to building the care economy

as crucial economic infrastructure

Rethink diversity, equity, and

inclusion practices

Narrow and eliminate gender

gaps in digital and financial inclusion

Page 8: Advancing gender equality globally - Human Right 2 Water

Thank you

www.mckinsey.com@McKinsey@McKinsey