The gender gap: Canadians want to put their money in companies that pay equally (CBC News)

June 12th, 2017

June 12, 2017
By: Jacqueline Hansen

Investors seem to agree and they also want equal pay for both sexes. In a recent online survey, the Responsible Investment Association asked Canadian investors if they believe men and women should receive equal pay for equal work — 92 per cent agreed.

A majority, 55 per cent, of the respondents said they’d be willing to put their money where their mouth is and sell their stakes in any company that doesn’t pay people equally for the same work.

It may be the next evolution of responsible investing, like choosing green technology companies over so-called sin stocks, like tobacco companies. But investing in firms that pay employees equally isn’t easy.

Canadian companies largely do not report on gender pay statistics, so it’s difficult, if not impossible, to tell if there are any leaders on pay equity,” Dustyn Lanz, chief operating officer of the Responsible Investment Association, said.

Read the full article here.