In Mexico, despite the growing awareness of the importance of women's participation in all areas, progress towards gender equality remains quite slow. However, more and more forums, efforts, and voices are joining to change this perspective and promote the inclusion of more women in high-level decision-making.
Evidence shows that having more women in corporate governance bodies brings concrete benefits. The integration of women in management positions not only improves customer understanding and consumer experience but can also boost companies' financial performance. In fact, 70% of purchasing decisions are made by women.
According to data from IMCO, accelerating progress towards greater economic participation of women in Mexico could have a significant impact on GDP growth. It is estimated that this could increase GDP by 6.9 trillion pesos over the next decade, representing an additional 3.7%.
Despite these encouraging figures, in Mexico, only 11% of women hold positions on the boards of public companies, while women make up 36% of the workforce in these companies, and only 4% are led by a woman. These numbers reflect the need to continue working on gender equity in the workplace.
The incorporation of more women into the Mexican economy is not only a matter of social justice but also fosters innovation and can significantly contribute to economic growth. Companies with diverse management teams tend to make better decisions, be more productive, and profitable.
Despite advances in some sectors, challenges regarding pay parity, health rights, physical safety, financial self-sufficiency, and equitable distribution of unpaid labor still persist. As a society, it is crucial to continue working together to create a more inclusive and equitable environment where women have the same opportunities for development and growth as men.
