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April 18, 2017

UTC pledges half its corporate leaders will be women by 2030

HBJ File Photo

Farmington-based United Technologies Corp. said Tuesday it is committing to gender parity in its corporate leadership by 2030, with the goal of having half of its top roles filled by women.

As part of its pledge, UTC is joining the Paradigm for Parity coalition, whose members aim to have 30 percent of corporate leadership positions filled by women, and adopting a five-step plan geared towards achieving gender parity across the organization.

UTC said it already has 27 percent of its corporate leadership positions filled by women and is targeting 50 percent by 2030.

UTC Chairman and CEO Greg Hayes said the advancement of women in leadership positions will help the company attract, develop and retain a diverse workforce that fuels growth and innovation.

Research has shown that gender-balanced leadership leads to superior financial and stock market performance, the Paradigm for Parity coalition says. Its five-step action plan is designed to accelerate the pace of gender parity and increase the number of women of all backgrounds in leadership positions.

Goals include minimizing or eliminating unconscious bias, broadening the talent pool and providing both mentorship and sponsorship to women of potential.

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