Allianz Insurance is a new signatory of the Women’s Empowerment Principles

Allianz Insurance has joined 9,616 companies worldwide that have declared their commitment to gender equality and women’s empowerment within the UN Sustainable Development Goals and ESG agenda. It did so by signing up to the Women’s Empowerment Principles (WEPs) initiative. This was jointly announced by representatives of Allianz Insurance Company and Business & Professional Women CR, which is the ambassador of the initiative in the Czech Republic, at a ceremonial meeting of WEPs signatories and supporters.

„We are very proud to be signatories to the principles that promote equality. At the same time, I must say that for Allianz, equality is a principle that we consider to be perfectly natural. The fact that we do not just talk about equality, but actually live it, is demonstrated by the fact that we have been awarded, and at the end of last year defended again, the Edge Assess equal opportunities certificate. An equal approach enables us to support and develop talented people. This benefits us as a company, our clients, and our employees. It’s a win-win solution for everyone. I firmly believe that our daughters will see the Gender Pay Gap in the Czech Republic reduced from its current nearly 18% – preferably to zero,“ says Petr Hrbáček, Member of the Board of Directors of Allianz insurance company, which now boasts that it has managed to reduce the gender pay gap to 0.6%. He also called on other companies in the country to join the initiative and together create a community to support each other and promote good practice in the field of equal opportunities.

Business & Professional Women CR (BPWCR) has been campaigning for 15 years to close the gender pay gap and contribute to women’s education and empowerment. It is thus a natural link to those who are building an inclusive and equal corporate culture and are leaders in this regard.

„As part of our work, we try not only to attract new signatories but also to share examples of good practice from companies working on equal opportunities issues. Their activities are inspiring and encourage other companies to take an active role in creating working conditions for women so that they can develop their talents to the fullest. Allianz is taking this step to show its commitment to equal opportunities and we are extremely pleased they become part of this important initiative. I am confident that working with Allianz and the other signatories will lead to positive changes in the corporate environment and will promote modern working conditions for all,“ says Lenka Šťastná, president of BPWCR.