In 2010, The Women's Empowerment Principles (WEPs) were established to offer businesses guidance on how to empower women in the workplace, marketplace and community. They are the result of a collaboration between UN Women and the United Nations Global Compact. Nearly 1,200 CEOs and leaders of private sector businesses around the world have signed the Principles, joining the movement to achieve equality between men and women.

To further embrace the Principles and better integrate them into day-to-day business practices, Inter-American Development Bank Group, the UN Global Compact, UN Women, The Coca-Cola Company, Itaipu Binacional, the government of Germany and the government of Japan are working together to develop a gender equality diagnostic tool.

This new tool will allow companies to:

·         Assess performance against WEPs

·         Identify strengths, gaps, and opportunities

·         Benchmark progress against peers and standards

·         Highlight good practices

·         Set concrete targets and performance indicators

·         Identify additional tools and resources to support implementation

Virtual and regional consultations are being conducted now to inform the development of tool, which is expected to be available for testing and piloting in late 2016.   

The Women’s Empowerment Principles

1. Establish high-level corporate leadership for gender equality

2. Treat all women and men fairly at work - respect and support human rights and nondiscrimination

3. Ensure the health, safety and well-being of all women and men workers

4. Promote education, training and professional development for women

5. Implement enterprise development, supply chain and marketing practices that empower women

6. Promote equality through community initiatives and advocacy

7. Measure and publicly report on progress to achieve gender equality