|Forty business leaders in HCM City yesterday signed a CEO statement of support for women's empowerment at a workshop held to discuss corporate competitiveness as it related to women in the workplace. — Photo thesaigontimes.vn
HCM CITY (VNS) — Forty business leaders in HCM City yesterday signed a CEO statement of support for women's empowerment at a workshop held to discuss corporate competitiveness as it related to women in the workplace.
Women's Empowerment Principles (WEP), a joint initiative between United Nations Women and the UN Global Compact, is a voluntary effort based on CEO commitments to implement universal sustainability principles.
WEPs comprise seven steps that business can take to empower women and promote gender equality at the workplace, marketplace and community.
With guidance provided by these principles, businesses can empower women to participate fully in economic life.
The global growth of the initiative, from 39 CEO Champions in June 2010 to 1,056 CEO signatories, signals the strong business case for empowering women and mainstreaming gender throughout business operations and value chains.
Supporters of the Principles come from more than 67 countries and 40 sectors representing industries as diverse as financial services, construction, telecommunications, and food and beverages.
Nguyen Quang Vinh, deputy secretary general of the Viet Nam Chamber of Commerce and Industry, said that businesses should not just consider empowerment a responsibility.
Companies that conduct such policies would benefit from productivity improvement and lasting competitive advantages, he said.
Shoko Ishikawa, UN Women Viet Nam's country representative, said that worldwide, women accounted for half of the working age population.
Workplaces that underutilise women's talents were simply missing out on half of the available human resources, she said.
Leveraging the full potential of women's economic participation was not just a moral imperative, it was also good economics, she added.
The workshop was organised by the Viet Nam Business Council for Sustainable Development in co-operation with Viet Nam Women Entrepreneur Council and UN Women.
It will be followed by practical training courses on integrating WEPs in workplace policies at enterprises. — VNS