By setting another new target, German chemical company, BASF, has made it clear on increasing the number of women in leadership roles. This is evident by looking at the proportion of women in leadership positions, which has been climbing up ever since the company set an initial target of achieving 22-24 percent of women in leadership roles by 2021, set in 2015. The company has nailed its target even before the deadline of 2021 – the target was achieved by the end of 2019. The new target that the company has set itself is 30 percent of women in leadership roles worldwide by the year 2030.
The company is well aware of the fact that a gender-balanced leadership team will help establish BASF as a better employer compared to other companies. The three leadership roles below the board of executive directors are the main focus of the company. These roles have a proportion of 15.8 percent female leaders as of December 31, 2019.
Women not only bring different perspectives, but they also bring diverse ways of thinking and working, which will eventually result in innovative solutions for BASF’s customers. The company has built a culture of offering individualized mentoring and training programs to support its young leaders, thereby filling the majority of the leadership positions internally. Leaders in all the countries where the company operates are required to pursue the new targets.