Gender diversity of European boards is correlated with higher credit ratings
ESG – Europe: Board-level gender diversity shows positive correlation with higher ratings
European companies with high ratings have the highest proportion of women on their boards. Board gender diversity peaks among A-rated companies at an average of 34%, progressively declining to 16% in the Caa rating category. France has the most diverse boards in Europe, with women accounting for an average of 42% of a company’s directors.