Methodology
(1) Research Methodology:
- Identification: A list of 800 Indian listed companies were identified based on SEBI mandate of women directors and 200 popular Indian brands were identified with women founders including the Editorial team suggestions.
- Scope of Companies: For the scope of the project, only the companies reporting their Annual Report/Financial Report for the FY’21-22 were considered. For some companies the latest data for as of 2023 was also considered as per the availability.
- Source: Data for each company has been taken through reliable primary sources – Integrated Annual Report, ESG/Sustainability Report, Financial Returns, Investor Presentation, Business Responsibility Report, companies’ official website. In rare cases, secondary sources like Great Place to Work, ET etc. have been referred to.
- Parameters for Best Organisations for Women: Best Organisations for Women have been assessed on a comprehensive set of parameters inclusive of Percentage of Females, Female representation on the Board & C-Suites, Benefits for female employees, Policies or Programs for the prevention of sexual harassment of women, CSR initiates for women, Gender diversity targets, Leadership/ Career development for women.
(2) Scoring Methodology for Best Corporates:
- Weightage: All the parameters have been assigned equal weightage assuming that each data point is equally important in the analysis.
- Quantitative Data: Data points Percentage of females, female representation on the board and C-Suites quantitative data has been earmarked per parameter. The range scale has been 0 to 5 for Best Corporates.
| No | 0 |
| > = 10% | 1 |
| >10%, <=30% | 3 |
| >30%, <=50% | 4 |
| >50% | 5 |
- Qualitative Data: Data points measuring disclosure based on Benefits provided to the female employees, Programs for the prevention of sexual harassment of women, CSR initiates for women, Gender diversity targets, and Leadership/ Career development for female employees. The companies have been rated as follows:
| No | 1 |
| Yes | 5 |
(3) List of Parameters:
| Parameter | Parameter Definition | Weightage (in %) |
| Percentage of Females | What is the female percentage in the overall workforce? | 12.5% |
| Female representation on the Board | What is the percentage of females on board? | 12.5% |
| Female representation in the executive management | What is the percentage of female in C-Suite? | 12.5% |
| Benefits provided to the female employees | Does the company provides exclusive employment benefits for its female workforce (Such as maternity leaves, flexible working, etc.)? | 12.5% |
| Policies/ Programs for the prevention of sexual harassment of women | Does the company have policy/ programs for prevention of sexual harassment of women at workplace? | 12.5% |
| CSR initiates for women | Does the company conduct CSR initiatives for women at the society level (Such as – constructing lavatories for women, supporting women/girl child education, etc.)? | 12.5% |
| Gender diversity targets | Does the company have programs or targets to increase gender diversity across any level within the organization? | 12.5% |
| Leadership/ Career development for female employees | Does the company provide leadership/ career development programs for female employees across any level within the organization? | 12.5% |
