Nordic Business Diversity Index 2023
The world is in turbulence due to the aftershock of the pandemic, the ongoing Russian invasion to Ukraine, energy crises and economic disruptions happening globally. Womens’ rights and especially reproductive rights are in turmoil with serious impacts on the health and safety of women and girls. Discrimination, be it based on e.g., gender, origin, skin color, age or sexual orientation, shows no signs of decrease. There are alarming signals of political extremism and in several arenas minority voices are silenced. You might think that how does this have anything to do with the diversity senior leadership, but it does. Companies are in a powerful position to show that diversity is valued and intentionally sought after.
The Nordic Business Diversity Index aims to paint a picture of what senior leadership looks like in the Nordics. We want the Index to also raise discussion, encourage to ask questions and push us to find ways in which companies can tackle the issue of homogeneous leadership.
So, please, step on board and take a look at the results!
This year's top performing companies
Helsinki Large, Mid, Small Cap
| Stockholm Large Cap
Best total points
Helsinki Large Cap
Helsinki Mid Cap
Helsinki Small Cap
Stockholm Large Cap
Top companies by category
Helsinki Large Cap
Best total points
Fortum
80-84.5%
Nokia
75-79.5%
Citycon
75-79.5%
Sanoma
75-79.5%
Uponor
70-74.5%
Best executive points
Sanoma
Best board points
Fiskars & Kone
Helsinki Mid Cap
Best total points
Musti Group
70-74.5%
Marimekko
70-74.5%
Anora Group
65-69.5%
Tecnotree
65-69.5%
Caverion
65-69.5%
Best executive points
Oriola
Best board points
Caverion & Tecnotree
Helsinki Small Cap
Best total points
Dovre Group
75-79.5%
Biohit
70-74.5%
Nixu
60-64.5%
Optomed
60-64.5%
Panostaja
60-64.5%
Best executive points
Biohit
Best board points
Dovre Group
Stockholm Large Cap
Best total points
Orrön Energy
70-74.5%
Electrolux
70-74.5%
SAS
70-74.5%
EQT AB
70-74.5%
Stillfront Group
65-69.5%
Best executive points
Arjo
Best board points
Electrolux
See your company above? For more information about the results, please contact Impaktly's CEO Mia Folkesson at mia@impaktly.com or download the full report.
Key insights from this year's report
Gender | Age | Education | Nationality
Gender representation
Female
Male
Helsinki Large Cap
Helsinki Mid Cap
Helsinki Small Cap
Stockholm Large Cap
1%
is the percentage of female board chair positions in Helsinki Large Cap companies, compared to 7% in Stockholm Large Cap companies.
Age distribution
0%
of board members were born in the 1950s or 1960s.
0%
of executive team members were born in the 1960s or 1970s.
Education
Helsinki Large Cap
Helsinki Mid Cap
Helsinki Small Cap
Stockholm Large Cap
Business
Law
Engineering
Other
50%
of people in the board and executive team have a business-related educational background.
Nationality
0%
of the board and executive team in Finnish Small Cap companies have Finnish nationality.
0%
of the board and executive team in Finnish Large Cap companies have Finnish nationality.
Concluding thoughts
When leadership in our societies and companies reflects diverse backgrounds, we send the message that opportunity and success is not limited to a closed, homogeneous group. Additionally, representation empowers those who have traditionally been left voiceless, and it encourages all of us to encounter our unconscious biases and learn about people who are different from us. As individuals we are scared and as organisations unprepared to welcome diversity and to walk the extra mile to ensure our workplaces are inclusive.
Impaktly challenges you: expand your circles, practice empathy, be a role model and if you are in a position of power, use your power to make the change.
Have any questions regarding the report? Feel free to reach out to Impaktly's CEO Mia Folkesson at mia@impaktly.com.