Genesis awarded YWCA GenderTick for excellence in gender equality

20 November 2019 Genesis Energy is proud to announce that it has been awarded the YWCA’s GenderTick,
an independently accredited certification that rewards New Zealand organisations that have made a commitment to Gender Equality in the workplace.
 
To earn the Gender Tick, Genesis had to meet strigent criteria across five key indicators, including gender inclusive culture, flexibility and leave, women in leadership, gender pay equality and ensuring a safe workplace.
 
“We are proud to receive this accreditation, and have worked hard to be strong advocates for diversity and inclusion as part of our wider company strategy. This strategic focus has seen Genesis increase its female leadership to 40%, the wider workforce to 44%, and three of our eight board members are female,” said Nicola Richardson, Executive General Manager, People and Culture, Genesis.
 
As a member of Global Women, Genesis is committed to its 40:40:20 diversity goal (40% male, 40% female, 20% either gender) across the entire workforce.
 
“We believe that a diverse workforce is a high performance workforce. It is vital to bringing fresh perspectives to decisionmaking, and developing the innovative solutions our customers demand. This is about more than performance metrics, its about creating a happy and inclusive culture, which helps attract the best talent and retain the stars we already have.”
 
Over the past 18 months, Genesis has launched a number of health and wellbeing programmes to further boost its gender and ethnic representation. Flexible working practises have been introduced to allow all employees to balance work / life commitments, and the company has introduced its Minding the Gap policy to enable fairness and gender pay equity. The pay gap between men and women doing the same or comparable work is 1.6%. Genesis has implemented systemic changes and reviews to ensure this pay gap continues to narrow into the future.
 
Other programmes, such as Genesis’ parental leave offering now boasts a 100% retention rate for those who have completed it, and in FY19 Genesis also took the lead in ending the industry practice of asking new hires for their previous salary details. This removes bias and the possibility of ‘importing’ pay gaps from other organisations, which disproportionately affected women and minorities.
 
“It has been a pleasure working with Genesis to achieve their Gender Tick certification,” Dr Kaisa Wilson, Director, GenderTick said.”This is a powerful validation of the work they have done to ensure that their workplace is fair for all genders”.
 
Genesis is also a member of Champions for Change, and was the recipient of the 2018 On The Journey Award at the YWCA Equal Pay Awards.
 
ENDS
 
For media enquiries, please contact:
Allan Swann
Communications Manager
M: 027 211 4874
 
About Genesis Energy
Genesis Energy (NZX: GNE, ASX: GNE) is a diversified New Zealand energy company. It sells electricity, reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand’s largest energy retailer with around 503,000 customers. The Company generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand. Genesis Energy had revenue of $NZ2bn during the 12 months ended 30 June 2017. More information can be found at www.genesisenergy.co.nz
 
About YWCA
YWCA Auckland (The Y) is a charitable organisation with a heritage of providing free community programmes in Auckland for more than 132 years. The Y is part of the world’s largest women’s organisation, a global network of 25 million women leading social and economic change in more than 100 countries worldwide.   Empowering young women is in our DNA.