ABB to double its share of women in management positions

Launch of 'Global Diversity & Inclusion Strategy 2030'

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ABB
ABB aims at reaching a 25% share of women in senior management positions from currently 12.5%. Photo - ABB

ABB has launched it’s new ‘Global Diversity & Inclusion Strategy 2030’ through which it plans to double the proportion of female managers worldwide over the next ten years. With this step, ABB aims at reaching a 25% share of women in senior management positions from currently 12.5%.

Headquartered in Zurich, Switzerland, ABB is a global technology company operating mainly in robotics, power, heavy electrical equipment, and automation technology areas. ABB pushes the boundaries of technology to drive performance to new levels by connecting software to its electrification, robotics, automation, and motion portfolio. With a history of more than 130 years, ABB has a presence in more than 100 countries, including India.

The target forms part of ABB’s broader ambition to foster inclusion and equality across all diversity areas, including gender, abilities, generations, ethnicity, and LGBTQ+. ABB said that it would be offering employees inclusive leadership training and development programs, mentoring programs, and learning interventions to foster an inclusive culture.

“Building and fostering a culture of diversity and inclusion is a key priority for ABB and represents a foundation for innovation and better decision making,” said Björn Rosengren, chief executive officer of ABB. “This is not only the right thing to do, but also a means to further improve our business performance as diversity becomes increasingly important for both internal and external talents, customers, as well as investors.”

Recently, ABB was among more than 50 leading European companies in the industrial and technology sectors to reaffirm a pan-European commitment to diversity and inclusion in the context of the initiative #EmbraceDifference. Spearheaded by the European Round Table for Industry (ERT), of which Rosengren is a member, the effort is designed to create an environment suitable for promoting inclusion and diversity in the workplace.

This summer, ABB signed the Standards of Conduct for Business, Tackling Discrimination against Lesbian, Gay, Bisexual, Trans, and Intersex People, put forth by the United Nations High Commissioner’s office for Human Rights. The standards of conduct offer five concrete steps that companies can take to align their policies and practices with international standards on the human rights of LGBTI people. ABB expects these standards to be followed by its suppliers to generate a real impact in the more than 100 countries the company operates in.

Furthermore, it has signed a partnership with Europe’s largest LGBT rights organization, Stonewall, to develop a roadmap on LGBTQ+ for employees.

2023 promises an interesting ride for print in India

Indian Printer and Publisher founded in 1979 is the oldest B2B trade publication in the multi-platform and multi-channel IPPGroup. While the print and packaging industries have been resilient in the past 33 months since the pandemic lockdown of 25 March 2020, the commercial printing and newspaper industries have yet to recover their pre-Covid trajectory.

The fragmented commercial printing industry faces substantial challenges as does the newspaper industry. While digital short-run printing and the signage industry seem to be recovering a bit faster, ultimately their growth will also be moderated by the progress of the overall economy. On the other hand book printing exports are doing well but they too face several supply-chain and logistics challenges.

The price of publication papers including newsprint has been high in the past year while availability is diminished by several mills shutting down their publication paper and newsprint machines in the past four years. Indian paper mills are also exporting many types of paper and have raised prices for Indian printers. To some extent, this has helped in the recovery of the digital printing industry with its on-demand short-run and low-wastage paradigm.

Ultimately digital print and other digital channels will help print grow in a country where we are still far behind in our paper and print consumption and where digital is a leapfrog technology that will only increase the demand for print in the foreseeable future. For instance, there is no alternative to a rise in textbook consumption but this segment will only reach normality in the next financial year beginning on 1 April 2023.

Thus while the new normal is a moving target and many commercial printers look to diversification, we believe that our target audiences may shift and change. Like them, we will also have to adapt with agility to keep up with their business and technical information needs.

Our 2023 media kit is ready, and it is the right time to take stock and reconnect with your potential markets and customers. Print is the glue for the growth of liberal education, new industry, and an emerging economy. We seek your participation in what promises to be an interesting ride.

– Naresh Khanna

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