Banco de México was the first Central Bank recognized for its commitment to gender equity through EDGE Certification in 2017
Banco de México – the Central Bank of Mexico – achieves EDGE Move level certification, showcasing the progress it has made towards workplace gender equity. It is one of the very few Central Banks to have both a female Governor and two female Deputy Governors.
EDGE is the leading global assessment and business certification for gender and intersectional equity. EDGE Move level is the second level of certification which demonstrates an organization’s progress towards attaining workplace gender balance and gender equity.
The certification process involves a rigorous third-party review of representation across the pipeline, pay equity, effectiveness of policies and practices, and inclusiveness of an organisation’s culture. As an integral part of the assessment, employees receive a comprehensive survey to assess perceptions of career development opportunities in the workplace.
Since originally being EDGE Assess certified in 2017, Banco de México has made significant progress in further improving gender representation across nearly all levels of responsibility. By strengthening the framework of policies and practices in flexible working, the bank was well prepared to meet the challenges of COVID-19, and the need for a more flexible working culture.
Furthermore, the findings reveal that the experience of men and women in terms of career progression possibilities in the organization are increasingly aligned. Employees’ perceptions are more optimistic when it comes to equal access to leadership development and life-work balance opportunities for all genders, and the systematic use of gender inclusive language in all Banco de México job advertisements.
Jun Hinoki, Director of Human Resources, highlights the importance of the EDGE Certification for Banco de México: “Banco de México has a commitment to transparency and accountability of its path towards gender equality. EDGE certification has provided us with independent third-party evaluations guaranteeing the Bank’s compliance international certification standards and thus, helping us ensure an inclusive culture and an effective framework of policies and practices to achieve gender equality in the workplace.”
Aniela Unguresan, Founder of EDGE Certified Foundation, reflects on the impact of Banco de México’s further EDGE certification: “We’re thrilled with the progress Banco de México has made on its journey to gender equity. With the appointment of Victoria Rodríguez Ceja as Governor, and with 50% of the Board now comprising women, Banco de México is setting a clear example with its commitment to gender equity across all levels, especially in leadership roles.”
ABOUT BANCO DE MÉXICO
Banco de México is the country’s Central Bank. Its mission is to preserve the value of Mexico’s currency in the long term in order to improve Mexicans’ well-being and its aim is to be a highly renowned, accountable and trustworthy institution intended to fully attain its mission on the basis of its transparency, technical capacity, and ethical commitment.
ABOUT EDGE CERTIFICATION
EDGE is the leading global assessment and business certification for gender and intersectional equity. EDGE Certification involves a rigorous third-party review of representation across the pipeline, pay equity, effectiveness of policies and practices, and inclusiveness of an organization’s culture. As an integral part of the assessment, statistical data is analysed, policies and practices are reviewed and employees’ experiences of career development opportunities in the current workplace are accounted for. Depending on the specific results of each organization, an action plan is formulated, and firm commitments towards its implementation.
EDGE Certification meets organizations where they are in their gender balance journey (EDGE) and in their intersectional equity journey (EDGEplus) through its three levels of certification: Assess, Move and Lead. A certification at the EDGE Assess level recognizes commitment, one at the EDGE Move level showcases progress and a certification at the EDGE Lead level celebrates success in fostering gender equitable workplaces. An EDGEplus certification further recognizing its commitment to analysing intersectional issues between gender and one or several of the following additional dimensions: gender identity, race/ethnicity, LGBTQI+, working with a disability, and age.
EDGE Certification is built around the independent third-party certification of data and information and is distinguished by its rigour and focus on impact granted by one of the EDGE accredited independent third-party certification bodies – SGS, Intertek or FloCert, it remains valid for a period of two years. EDGE’s current customer base consists of over 200 large organizations in 50 countries across five continents, representing 30 different industries.