The number of women in the global power and utilities sector in board positions has risen by only 1% in the last three years.
That’s according to a new report by EY, which adds there are only 25 women board executives in a list of the top 200 utilities.
Women occupy 16% of board member positions in the sector, according to the ‘Women in Power and Utilities Index 2016’.
It also shows they account for 19% of non-executive board positions and 14% of senior management team (SMT) roles.
China Resources Power Holdings, US firm Sempra Energy and France’s ENGIE are the top three firms for gender diversity while the UK’s National Grid stands in 11th place.
By continent, America has the highest percentage of female board executives, led by Latin America with 9%.
It is followed by Europe with 7% while Asia-Pacific has the lowest percentage of women board executives at 3%.
Alison Kay, EY’s Global Vice Chair ‒ Industry said: “At the current rate of progress, it will take 72 years to reach 40% women on boards in the power and utilities sector. That’s too long. Companies must address what’s holding them back from better diversity at the boardroom table.
“While diversity comes in many forms — such as age, ethnicity, sexual orientation and nationality — ensuring women are present at the boardroom table is an important starting point for utilities.”