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Annual Report 2014 CEO statement Sustainability governance Strategic priorities Performance and progress Snapshots GRI & UNGC

Diversity and equal opportunity

LA13-14

Composition of governance bodies

A global company built on cultural diversity; Electrolux aims to attract people who reflect the Group’s global market and consumer base.

Pursuing greater gender balance continues to be a challenge. As there was no significant improvement in the share of women in management in 2014, this is an area that requires continued improvement.

Diversity issues are managed at the business area level. In 2012 Electrolux defined Group objectives to increase female representation by 2015 as follows:

  • Tier 2 positions (reporting to a Group Management member): at least 25% of the managers are women.
  • Tier 3 positions (reporting to Tier 2): at least 30% of the managers are women.

The 2014 outcome (end of year):

  • Women in Tier 2 rose 10% to 22%.
  • Women in Tier 3 remained at the same level of 25%

In every recruitment Electrolux continues to proactively source female applicants and this will remain a focus until 2017.

The Group’s current workforce consists of 33% (32%) female employees. In the Board of Directors, of nine members, 3 are women. If employee union representatives are included, there are 4 female representatives.

Six countries are represented in Group Management, with seven of twelve members coming from countries other than Sweden. Additionally, 5 of 6 heads of business sectors were locally recruited for their posts.

Other activities

Electrolux is a partner of AIESEC, the world's largest student organization and an international platform for young people to explore and develop their leadership potential. One of the key purposes of the partnership is to tap into a diverse talent pool by offering internships throughout global operations. In 2014, 28 (50) trainees were hosted by Electrolux, fewer than in previous years due to restructuring. 46% (50%) of the trainees were female. The global retention rate for interns is currently 50%.