Ofgem calls for greater gender balance

Ofgem calls for greater gender balance

Ofgem has called on the industry to achieve better gender balance and wants its own workforce to be 50% female at all levels by 2025.

The energy regulator has set out the ambitious targets within its own organisation and called for the companies it regulates to follow suit.

In a pledge published with the POWERful Women Initiative, Ofgem says it wants half of its workforce to be female at all levels by 2025. 

Dermot Nolan, chief executive of Ofgem, said: "At Ofgem, we think it's hugely important to put more effort and resources into becoming a more diverse organisation. We recently launched our Diversity and Inclusion Strategy which includes the target to achieve 50% female representation across all its pay grades, from the most junior roles all the way up to our senior civil servants. Over the same time period, we aspire to achieving a minimum of 18% minority ethnic representation across all Ofgem pay grades, with at least 9% at each grade being women from an ethnic minority. This should render our gender and ethnicity pay gaps negligible.

"We want to become a more diverse organisation, not just because it's the right thing to do, but also because we think it will help us to make better decisions. Evidence shows that an organisation that has people from a wide range of backgrounds and with a range of experiences will be able to bring together new ideas and challenge established thinking. I am calling on the energy sector to also take steps to make their workforces more diverse, particularly at senior levels as that will help make you make better decisions and ultimately better serve your customers."

The commitment is part of a new internal diversity strategy published by Ofgem this year. It also includes a pledge on improving the representation of black, Asian and minority ethnic females.

Louise Kingham, board member of POWERful Women and chief executive of the Energy Institute, said: "Ofgem's commitment to drive inclusion and balance in the organisation is very welcome indeed. It's right for the organisation, its people and the customers it ultimately seeks to serve. Ofgem is increasingly holding energy companies to account on this agenda, to understand actions companies are taking to change, and as they progress they will be able to share their learnings too."

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