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Around the world, gender bias is attracting renewed attention.Firms with greater gender equality are more innovative, generous and profitable. But, at the current rate of female empowerment, it would take nearly 220 years to close the gender gap. One solution on the agenda was the UNDP-supported Gender Equality Seal program, a unique initiative that certifies companies that have eliminated pay gaps, increased the number of women in decision-making positions and worked to end sexual harassment on the job.Today, these UNDP-certified companies are leading the way in building a more balanced global workforce. Another initiative to be discussed was the Women's Empowerment Principles, a set of operating guidelines developed by U.N. Women and the U.N. Global Compact that embodies the business case for gender equality. More than 1,700 CEOs have endorsed the principles, while nearly 300 companies in 61 countries have used the initiative's free gender gap analysis tool to help managers implement them in the workplace.
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