Gender Pay Equity Study 2022
In June 2020, in the midst of the COVID-19 pandemic, Natura &Co launched its ambitious Commitment to Life sustainability vision: a plan created to address some of the world’s most pressing issues including addressing the climate crisis, human rights issues, and circularity and regeneration.
Within these three pillars is a commitment to Protect Human Rights and Be Human-Kind by ensuring equality and inclusion across our network.
While data from the World Economic Forum suggests that the global gender gap narrowed by 68.1% over the past year, it also suggests that at this rate of progress, it will take 132 years to reach full parity. The impact of the COVID-19 pandemic and the current Cost Of Living Crisis, which has disproportionately impacted women, has further slowed down the rate of progress. So, there is much still to be done.
When we created our Human Rights and Human Kind goals, we took inspiration from the seven UN Women’s Empowerment Principles, and we set specific targets:
- Equal representation with 50% women in the senior team by 2023
- Equitable pay by closing the gender gap by 2023
- Living wage (or above) for everyone at Natura &Co by 2023
To achieve equitable pay by 2023, we have undertaken an annual comprehensive study of our position on equitable pay and gender balance across 73 markets. Now in our third year of reporting, I am delighted to share the current status of our pay equity in this report.
We look forward to sharing further updates on the progress of our Human Kind goals in the near future.
Beth Powell, VP People and Reward, Natura &Co