Standard Chartered is the first bank in Malaysia to achieve gender equality certification in the workplace

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STANDARD Chartered became the first bank in Malaysia to achieve EDGE certification – a renowned global business standard for gender equality, validating the Bank’s commitment to creating a gender-equitable workplace.

Achieving the ‘Move’ level of certification affirms that Standard Chartered Bank (Malaysia) Berhad and Standard Chartered Saadiq Berhad have established a strong institutional framework in terms of state-of-the-art policies and procedures to ensure fair career flows, especially in areas of equal pay, recruitment and promotion, leadership development training and mentoring, flexible working and organizational culture.

EDGE, or Economic Dividends for Gender Equality, is known for its rigor and focus on impact on business. The EDGE standard ensures that certified companies have a structured and systematic approach to measuring, tracking and closing the gender gap by looking at both quantitative and qualitative indicators.

“We are truly proud to be the first financial institution in Malaysia to receive the reputable EDGE certification,” said Abrar A. Anwar, Managing Director and CEO of Standard Chartered Malaysia.

“A diverse and inclusive culture is at the heart of our business. We believe that diversity – encouraging different views and opinions, and fostering constructive challenges regardless of rank, gender, or race – underpins our goal, that we can’t really boost trade and prosperity. without fully embracing our diversity.

“We aim to create a strong culture of diversity and inclusion (D&I) which is an essential lever for the success of our business and which will allow us to be the best place to work, the best place to do banking and help build prosperous communities. “

A diverse and inclusive culture is at the heart of our business, ”said Abrar A. Anwar, Managing Director and CEO of Standard Chartered Malaysia.A diverse and inclusive culture is at the heart of our business, ”said Abrar A. Anwar, Managing Director and CEO of Standard Chartered Malaysia.

The certification process included the contribution of 1,114 employees who highly valued the bank for an inclusive culture based on their employee experiences in hiring, promotion opportunities and when recommending the organization to other men and women.

The EDGE certification noted that the bank demonstrated a more balanced gender composition in senior management positions compared to the median of diversified banks, with a strong female representation on the management team in Malaysia and one woman in the chairmanship of the board of directors. .

Standard Chartered was the first in the Malaysian banking industry to offer a minimum of 20 weeks maternity leave and two weeks parental leave for spouses. The bank’s management teams are also known to actively promote the adoption of flexible work options and all genders believe that the management team is visibly and consistently committed to achieving equality in the workplace.

The certification also noted that the bank is well on its way to fostering an inclusive workplace for employees, regardless of gender – represented by good gender representation at every level of responsibility where male and female respondents are. optimistic about career development opportunities.

Each employee’s growth plan is integrated into a performance management process based on a progressive talent management framework, and supported by various initiatives, such as mentoring and succession planning, and a management platform. digital learning that allows all employees to acquire additional skills and take on new roles. and challenges.

Employees are granted equal access to leadership development opportunities and systematic practices are in place to ensure equal access to tasks critical to their career.

“We will continue to implement policies and initiatives that foster a diverse and inclusive environment,” Abrar said.

“We are also seeking to be more normative with regard to the levers to be operated to drive our D&I strategy. We are committed to providing our employees with equal opportunities, to working with them to unleash their full potential and achieve their ambitions.

“In this regard, we continue to affirm our commitment to improving gender equality and empowering women, and EDGE certification is proof that we have made good progress in this area. “

EDGE is the leading global gender equality assessment methodology and certification standard for businesses and has been recognized by organizations such as the International Monetary Fund, the World Bank, and the Bloomberg Gender Equality Index.

EDGE certification is structured as an independent third-party certification system by global audit firms specializing in certification and auditing to ensure impartiality.

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