Women Leaders and ESG Performance: Exploring Gender Equality in Global South Companies

Abstract

This paper investigates the relationship between environmental, social, and governance (ESG) performance and gender equity in companies operating in the Global South. Using data from an ESG rating encompassing approximately 100 companies in one of the largest economies in the Global South, we explore whether higher ESG scores are associated with greater gender equity. The findings reveal that organizations with higher ESG scores demonstrate more robust performance in gender indicators and exhibit greater transparency. This relationship is particularly pronounced for companies excelling in the social aspects of ESG evaluation. However, despite their reputation for sustainability, women still face challenges related to low representation and lower salaries within these companies.