The forest industry is faced with the generational transition of a graying workforce that is reaching retirement age. The oncoming wave of retirements presents a significant opportunity to recruit a young, vibrant, and more diverse workforce that can help move the industry into a more competitive future. Achieving such a future will require a suite of complementary and well-constructed strategies that includes workplace renewal. Promotion of workforce diversity must be an essential component of these strategies as it may have far reaching implications for the competitiveness of the future forest sector.
There are several motivations for companies to seek a more diverse workforce. In some cases it may be legislated, in others it may be considered the “the right thing to do” and is driven by corporate social responsibility and ethics. Finally, there is the business case, the idea that a more diverse workforce can produce better decision making and improved profitability.
This report investigates the gender diversity of Boards of Directors and top management teams (TMTs) in large companies in North America and Europe and the impact of that gender diversity on a measure of performance, EBITDA margin.