22 August, 2022
After five years of gender pay gap reporting in the UK, this report looks back on what has and hasn’t changed. Consistent with our previous reports, our analysis shows that progress is being made—albeit incremental and slow. Each year, more UK companies enhance their disclosures and discuss the range of ways in which they support gender equality, but there remains much work to do.
While the reporting figures are not remarkably different to five years ago, companies have never been under greater pressure to articulate their purpose and social value. Meanwhile, investor and stakeholder focus on environmental, social and governance (ESG) strategy means that organisations are required to describe how they are being fair to their employees, suppliers and communities.
This report shows that companies in the UK are grappling with the gender pay gap in the wider context of social contribution, while reacting to increasing reporting requirements around the world.