Vote 100 and International Women’s Day — House of Commons, 2018-03-08
Topic: Civil Rights
Justine Greening (Conservative, Centre-right): I very much welcome all the work they are doing, and I hope the awards ceremony goes well. Achieving gender equality is down to all of us. It is a million-piece jigsaw. It is about millions of people around our country and around the world all doing things that add up to something big. "Don’t wait" is my advice to people who want to see things change—get involved and be a part of the change yourself We know that gender diversity is good for business. Research from McKinsey showed that companies in the top quartile for gender diversity on executive teams were 21% more likely to outperform others on profitability and 27% more likely to have superior value creation. Companies in the top quartile for ethnic and cultural diversity on executive teams were 33% more likely to have industry-leading profitability. Equally, there is a penalty for dropping out. In other words, it is not just that the companies doing this are better performing, but companies not doing this are poor performing. The clear steer is that if someone cares about their business’s growth, they should do it simply for the economics, even if they have not, for some obscure reason, already bought into why this is the right thing to do This issue applies to our institution of Parliament. Everything we talk about being good for businesses and employers applies to all of us too. I know that all Members in the Chamber, and many colleagues who are not here, feel as strongly as I do about that. It is up to us to continue to ask ourselves the difficult questions about how our own parties need to change. I agree with my right hon. Friend the Member for Basingstoke that transparency is crucial. The Conservative party should leave no stone unturned in continuing to play a role—indeed, a stronger role going forward—as one of the parties in this House helping to make sure that we have a 50:50 Parliament. We should be out there working with other parliamentarians on the 50:50 Parliament campaign #AskHerToStand. That is absolutely crucial. It is 100 years since some women first got the vote. Frankly, although we have made a lot of progress, it has not been enough. We have to recognise that unless we work together there is a real danger that the House of Commons will flatline on about a third of us being women parliamentarians. We need to go above and beyond that We should never lose sight of the culture and diversity element of everything I have spoken about today. We should recognise that too many women growing up in our country, often black and minority ethnic women, face a double challenge in being able to make their way. None of us should be prepared to accept that. Whenever we talk about gender equality we should be explicitly clear that there are groups of women who face even greater challenges, dare I say, than some of the rest of us. Fixing this for every woman is our challenge, and we should not stop until we have achieved it Finally, it is 100 years since we got the vote, but the suffragette movement actually began back in the 1860s. I am so pleased they did not give up after 40 years. If there is one message we can all take from that, it is that this is long-term. But I do not want it to be long-term—I want change to happen faster. I do not want to be looking at what we can achieve over the next 100 years; I want us to be looking at what we can achieve in a generation, or in the next five years, 10 years or 15 years. We need to do that, because lives are ticking by. I had the chance to meet too many girls in too many countries with bags of talent but no opportunity. Their clock is ticking. Every single day that we do not see change fast enough, for them and for the rest of us, is a day of opportunity lost and a day of talent wasted I do not accept that our world needs to be like this. I do not accept that our country needs to be like this. We have made a lot of progress, but we have to go further and we have to go faster. I am really proud that all of us here can be a strong voice for women, not just in our country but around the world, to articulate the challenges they often face when they have no way of talking about them themselves. We know, looking back over recent years and over the last century, that things can be different. We also know, however, that we have to choose to make them different. If nothing else, this debate is showing that as far as the UK Parliament is concerned, we are making that choice for things to be different. All I can say is that I am going to be part of that change and part of the effort to see the next 100 years deliver much, much more than the last 100 years did.