PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

605980

Primary Business Area

Environment, Social and Governance

Disclosure Date

Aug 8, 2022

Country

China

Region

East Asia and the Pacific

IFC Approval Date

Jan 27, 2021

Status

Completed

Estimated Total Budget

$48,110.00
(Project budget includes all project-funded activities)

Last Updated Date

Jul 2, 2023

Project Estimated Start Date

Jan 31, 2021

Project Estimated End Date

Apr 29, 2022

Project Description

IFC’s study of listed firms across ASEAN and China finds that companies with boards with at least 30 percent women have higher returns on assets and equity compared to companies without any woman on boards (IFC, 2019). Gender diversity in leadership is also associated with stronger corporate governance and performance on environmental and social sustainability (IFC, 2018). As a traditional tower company heavily engaged in construction and operations & maintenance, Guodong has a significant gender gap in employment and leadership. The proposed advisory seeks to enhance business value by addressing gender gaps in employment and leadership through a comprehensive diagnostic with the following components: 1. Analyze the current gender gaps in Guodong according to location, levels, and job types 2. Understand drivers of gender gaps in employment and leadership 3. Identify opportunities for the company to benefit from improved gender balance

Development Results

E&S Risks / Impacts and Mitigation