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UK companies legally required to publish gender pay gap
It is no longer enough for firms to merely advocate equal pay in the UK: the government is making it mandatory for all companies with more than 250 employees to disclose their gender pay gap on their websites.
The roughly 8,000 firms concerned will be required to reveal the number of men and women in each pay range – including bonus distribution – to show where pay gaps are at their widest.
In addition to firms making yearly gender pay gap information publicly available, from 2018 new league tables will expose the worst offenders and companies that are failing to address the issue.
Latest figures suggest that women in the UK still earn on average 20% less than men.
Toyota launches paint that keeps cars cooler
Toyota is giving its 2017 Prius a new lime green paint job that goes beyond aesthetics. The Japanese carmaker’s “Thermo-Tect Lime Green” – a £245 optional extra – is designed to save energy through tiny reflective titanium oxide particles that will help keep cars cooler by decreasing the amount of sunlight absorbed.
The new solar reflective paint, which is the first of its kind in the auto industry, does not contain carbon black, a common ingredient in paint that absorbs a lot of heat.
“We expect heat increase control of around 5 degrees Celsius when comparing vehicle body surface temperature with and without thermal barrier function,” says Toyota spokesman Takashi Ozawa.
Initially only available in Japan, Toyota has made no announcements on future availability in other markets.
Adidas introduces LGBT clause in sponsorship deals
The world’s second largest sportswear company, Adidas, has amended its contracts with the sportsmen and sportswomen it sponsors, spelling out that should they publicly reveal that they are lesbian, gay, bisexual, or transgender (LGBT) the contract will not be changed or terminated.
The clause affirming LGBT rights reads: “Adidas acknowledges and adheres to the prin-ciples of diversity, as this is a central part of the Adidas group philosophy. Therefore Adidas warrants that this agreement will neither be terminated nor modified in case the athlete comes out to the public as a member of the LGBT community.”
While it is illegal to fire someone because of their sexual orientation or gender identity in Britain, it is not the case in a number of other places in which Adidas sponsors athletes – including certain US states.
Nestlé India’s gender inclusive ambitions
In a bid to improve workforce diversity and encourage the retention of women, Nestlé India has introduced new initiatives, including an extension to paid maternity leave from 18 weeks to six months, and changes to the entire recruitment process for better representation of women across all levels.
A focus on campus hires and mid-career hiring of women over the past three years has resulted in the current cohort of management trainees being 47% female and technical trainees being 40% female.
Suresh Narayanan, chairman and managing director at Nestlé India, says the new and revised policies aim to provide "nuance, sensitivity and a favourable work environment to women colleagues who choose to be mothers some day”. He adds: “One of the key socio-economic opportunities of the 21st century is the increasing role, involvement and contri-bution of women to the fabric of economic progress that is transforming the world.”