New report offers guidance to corporate boards and investors on sexual harassment
The Australian Human Rights Commission (AHRC) recently released a new report offering guidance to corporate boards and investors on preventing and responding to workplace sexual harassment, in partnership with the Australian Council of Superannuation Investors (ACSI).
Equality Across the Board: Investing in workplaces that work for everyone will be of interest to those in the early childhood education and care (ECEC) sector who work with and for organisations which are publicly listed, or governed by a corporate board.
The research report follows a survey and series of interviews with ASX200 companies and makes a suite of recommendations for corporate boards and executive leadership, as well as investors.
Equality Across the Board provides insights into how Australian companies currently collect and use data relating to sexual harassment, and how that information is reported internally and externally.
AHRC Sex Discrimination Commissioner Kate Jenkins said the report provides “a detailed overview of how Australian companies were currently responding to workplace sexual harassment.”
“Workplace sexual harassment causes immense social and economic harm, with the annual cost to the Australian economy estimated to be $3.8 billion in 2018,” she added.
“I welcome ACSI’s initiative in commissioning this survey and report, and their recognition of the critical role that ASX200 boards and executive management have in preventing and responding to workplace sexual harassment.
More than half (118, or 59 per cent) of ASX200 companies participated in the research survey, and Commissioner Jenkins conducted in-depth interviews with 16 ASX200 companies. The report also draws on desktop research of existing legislative and regulatory frameworks.
The report makes six recommendations for boards and executive leaders, including that boards demonstrate visible leadership and governance over workplace culture, sexual harassment and gender equality; that directors and executive management have the skills and experience to effectively prevent and respond to sexual harassment; and that boards make gender equality a strategic priority backed by gender diversity targets.
It also makes two recommendations for investors, including that investors seek information about the frameworks in place to prevent and respond to sexual harassment within a company, and that investors advocate for improved transparency and public disclosure on sexual harassment.
The report was commissioned by ACSI following the release of the Commission’s 2020 national inquiry into workplace sexual harassment, [email protected], which found that one in three people had experienced sexual harassment at work in the previous five years.
Read Equality Across the Board in full here.