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EY & PwC's UK wings struggling to Meet Targets for Women's Participation, Finds Report

By: GWL Team | Thursday, 30 January 2025

  • Financial Times Report suggests EY & PwC’s UK wings are off track
  • EY has hit only 28% of 40% target
  • PwC is 3% shy from 30% target

 

Recently, Financial Times came up with a new report that suggests 2 out of the biggest players in the professional services sector of UK are behind schedule when it comes to hitting their targets for women who are entering now in their partnerships.

It has been found that, the EY and PwC’s UK wings are off track in meeting their targets for women’s proportion in their respective alliances while in contrast Big Four rivals KPMG and Deloitte are reported to be on target for their own goals.

Considering today’s problems, diversity has become an increasingly importance issue for businesses globally, within the boardroom. This is happening both in terms of business case, compliance, wider social trends for inclusive work practices. Those women who are serving in the board roles holds the ability to act as role models in order to encourage other women out there, to take part in the realm of business while aiding firms to notice where their weak points are, significantly in assisting more women into senior roles.

However, the progress is not that fast and there is a real danger in UK economy’s certain sectors that businesses could be rowing back against their diversity efforts of the past 10 years.

The reports says that EY and PwC are on the verge to miss the targets of 2025 for UK’s female partner representation since the Big Four accounting firms are struggling to boost women’s proportion sufficiently in their upper ranks. Financial times states that current data shows EY has hit only 28 percent till now while its UK arm sets Big Four’s most ambitious goal which aims at 40 percent of women in its partnership by 2025. On the other hand, PwC is still 3 percent shy from its more modest 30 percent of target for this year.

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