Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Shell UK gender pay gap narrows slightly in 2020

Published 11/25/2020, 06:14 AM
Updated 11/25/2020, 06:15 AM
© Reuters. FILE PHOTO: The logo of Shell is pictured at the 26th World Gas Conference in Paris

By Ron Bousso

LONDON (Reuters) - Royal Dutch Shell (LON:RDSa)'s female employees in Britain earned 18% less on average than their male colleagues in 2020, with the pay gap slightly narrowing from the previous year.

In its annual UK diversity pay gap report, Shell also published for the first time data on ethnicity which revealed that the average pay and bonuses for Black, Asian and Minority Ethnic (BAME) employees was 8.5% lower than non-BAME staff.

Women represented 34% of the energy company's 6,000-strong British workforce in 2020, mostly due to the prevalence of men on offshore oil and gas facilities. BAME employees made up 21% of the workforce.

The gender pay gap stood at 18.7% in 2019, 18.6% in 2018 and 22.2% in 2017. Shell said it had achieved its ambition to have women in 30% of senior positions in the country.

Gender gap pay is defined as the difference in the average pay and bonuses of all men and women across an organisation.

"While we are making progress in building an inclusive workplace for all, we are not yet where we need to be," Shell UK country chair Sinead Lynch said in a statement.

© Reuters. FILE PHOTO: The logo of Shell is pictured at the 26th World Gas Conference in Paris

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.