Why having a #girlboss is good for the environment
by Poppy Gaunt
#girlboss be eco!
New research, from the Journal of Corporate Finance, has found that companies with more females on their boards are less likely to be sued for breaching environmental laws and will save millions as a consequence!
What does gender have to do with the environment?
One theory suggests that because female directors are stereotypically more empathetic and less power-oriented than men, they are more likely to prioritise the welfare of local communities when making environmental decisions.
Another theory is simply that people who are different from one another make better group decisions. Diversity of all kinds ultimately leads to a greater sense of perspective and better solutions.
Who runs the world?
Well... If you care about the environment, it should be girls!
For every additional woman appointed to a corporate board, the risk of an environmental lawsuit decreases by an average 1.5%, and if you care about the dollar that’s the equivalent of saving $3.1m!
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