What are the Women’s Empowerment Principles? A product of the United Nations Development Fund for Women (UNIFEM, part of UN Women) and the UN Global Compact, the WEP is a set of Principles for businesses, offering guidance on how to empower women in the workplace.
1. Establish high-level corporate leadership for gender equality.
2. Treat all women and men fairly at work – respect and support human rights and non-discrimination.
3. Ensure the health, safety and well-being of all women and men workers.
4. Promote education, training and professional development for women.
5. Implement enterprise development, supply chain and marketing practices that empower women.
6. Promote equality through community initiatives and advocacy.
7. Measure and publicly report on progress to achieve gender equality.
BNP Paribas has been a member of the United Nations Global Compact since 2003. Baudouin Prot, Director and Chief Executive Officer of BNP Paribas, signed sign the CEO Statement of Support for the Women’s Empowerment Principles on 1 March 2011. The gesture is supported by action: in 2009, the bank made a commitment to have at least 20 percent women in senior management positions by the end of 2012. This target was nearly achieved already by the end of January 2011.
To quote the UN Secretary General, at the 1st anniversary of the Principles in March 2011: “Businesses have a tremendous reach. You have ideas. You have capital. You are innovators. By working together based on shared values, we can advance the common good.”