Zurich Insurance Argentina champions gender equity with EDGE Move certification

Posted on March 29th, 2022

The organization is the first in the insurance industry in Argentina to be EDGE certified

Zurich Insurance Argentina, an organization part of the Zurich Insurance Group, has demonstrated a consistent commitment to workplace gender equity by progressing to EDGE Move level certification, becoming the first organization in the insurance industry in Argentina with an EDGE Move certification and only the second organization in the country to have reached this important milestone.

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 progression in fostering workplace gender balance and gender equity. Certification 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.

The organization meets the EDGE Standard for its effective policies and practices in equal pay for equivalent work, recruitment and promotion, flexible working, and organizational culture; showcasing significant progress from its first EDGE Assess certification achieved in 2019. There is now a better alignment in the perceptions of women and men relating to fairness of pay, hiring and promotion opportunities and equal access to career-critical assignments. Furthermore, currently no high-level risks associated with gender pay equity were detected.

To continue its drive to achieving high standards in a gender balanced workplace, Zurich Insurance Argentina has opportunities to accelerate progress towards improving equal access to mentoring programs for men and women and strengthening the gender representation by increasing the share of women at the Director level to 30%.

Aniela Unguresan, Founder of EDGE Certified Foundation, says the organization is helping to set a benchmark in the financial sector, and throughout the country, in achieving a gender equal workplace: “Zurich Insurance Group has a long history of outstanding achievements in the areas of gender equity and Zurich Insurance Argentina continues this tradition by upgrading its certification in only two years.

Its proactive approach towards pay equity for men and women greatly assisted in hastening their progress toward a gender-balanced workplace. Employees, particularly women, have expressed greater trust that the company upholds the principles of pay equity and that it works to ensure fair promotion process. These are clear indications of Zurich Insurance Argentina’s firm progress towards gender equity in the workplace. Its commitment is setting a commendable example for other organizations in the insurance industry of Argentina to emulate.”

 

ABOUT ZURICH INSURANCE GROUP

Zurich Insurance Group (Zurich) is a leading multi-line insurer that serves its customers in global and local markets. With about 54,000 employees, it provides a wide range of property and casualty, and life insurance products and services in more than 210 countries and territories. Zurich’s customers include individuals, small businesses, and mid-sized and large companies, as well as multinational corporations. The Group is headquartered in Zurich, Switzerland, where it was founded in 1872. The holding company, Zurich Insurance Group Ltd (ZURN), is listed on the SIX Swiss Exchange and has a level I American Depositary Receipt (ZURVY) program, which is traded over-the-counter on OTCQX. Further information about Zurich is available at www.zurich.com.

 

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 analyzing intersectional issues between gender and one or several of the following additional dimensions: gender identity, race/ethnicity, LGBTQI+, working with a disability, nationality 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.

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