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Art Gap

Standard Chartered UAE

Issue 54 | March 2020

Background

Standard Chartered Bank stands for ‘Here For Good’. A promise to improve communities. And it walks the talk: In 2016, it signed the Fair-Pay-Charter and pledged to pay men and women equally. In 2017, it signed the United-Nations Women-Empowerment-Principles in support. In 2019, it was recognized on the Bloomberg Gender-Equality-Index for the fourth year. Currently, 46% of its global personnel is women, including 13 CEOs. In the United Arab Emirates, Standard Chartered Bank has an added incentive to champion equality: a commitment to the nation’s vision of being amongst the world’s top 25 countries for gender equality. Standard Chartered Bank Dubai has 4 women in senior management, including an Emirati CEO. Outside the bank, Standard Chartered Bank seeks to reach equality, inclusion and female empowerment in the world. Lately, a study done by University of Oxford emerged, highlighting that works by women artists sell for 47.6% less than those by men. A shocking pay gap that triggered Standard Chartered Bank to react.

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