Key Highlights
- Women make up approximately 13% of the power industry workforce
- Less than 10% of leadership positions in the power sector are held by women
- Approximately 26% of renewable energy workers are from underrepresented racial and ethnic groups
- Diversity in the power industry has been linked to increased innovation and problem-solving
- In 2022, companies with diverse leadership saw a 19% increase in revenue compared to less diverse counterparts
- The percentage of Hispanic workers in the power industry is around 10%
- African Americans constitute approximately 9% of the power sector workforce
- A survey found that 45% of power industry employees believe that their companies are making efforts toward DEI
- Only 8% of top executive roles in the power industry are held by women of color
- Employee resource groups for underrepresented minorities in the power industry increased by 30% between 2020 and 2022
- The median age of power industry workers is 44 years, with underrepresented groups skewing younger
- Companies in the power industry that prioritize DEI see 35% better talent attraction
- The proportion of LGBTQ+ employees in the energy sector is estimated at 7%
Diversity, Equity, and Inclusion are shaping the future of the power industry—fueling innovation, boosting financial performance, and highlighting urgent gaps in representation, from women and minorities to LGBTQ+ and persons with disabilities.
Inclusion Initiatives and Employee Engagement
- Companies implementing DEI initiatives have seen a 25% increase in employee engagement
- 65% of power industry workforce believes that DEI initiatives have improved workplace culture
- Employee training programs focused on cultural competency have increased by 25% among power companies since 2020
Inclusion Initiatives and Employee Engagement Interpretation
Leadership and Executive Diversity
- Less than 10% of leadership positions in the power sector are held by women
- In 2022, companies with diverse leadership saw a 19% increase in revenue compared to less diverse counterparts
- Only 8% of top executive roles in the power industry are held by women of color
- Power industry companies with diverse boards are 21% more likely to outperform their peers financially
- The percentage of women in senior executive roles in the power industry is about 10%
- Black women represent less than 3% of leadership roles in the power industry
- 88% of power company executives agree that DEI is critical to business success
- Only 4% of power industry boards are composed of people from underrepresented racial groups
- The proportion of women in renewable energy leadership roles is approximately 22%
- Only 11% of power sector senior managers are women of color
- Power industry leadership diversity has increased by 4% over five years
- The number of minority women in leadership roles increased by 18% from 2019 to 2022
Leadership and Executive Diversity Interpretation
Workforce Composition and Demographics
- Women make up approximately 13% of the power industry workforce
- Approximately 26% of renewable energy workers are from underrepresented racial and ethnic groups
- The percentage of Hispanic workers in the power industry is around 10%
- African Americans constitute approximately 9% of the power sector workforce
- The median age of power industry workers is 44 years, with underrepresented groups skewing younger
- The proportion of LGBTQ+ employees in the energy sector is estimated at 7%
- Women constitute about 15% of technical roles in the power industry
- Less than 20% of engineering roles in the power sector are held by women
- Minority-owned businesses constitute roughly 12% of contracting in the power industry
- In 2021, only 7% of renewable energy startups were founded by women
- About 14% of the power industry workforce identifies as LGBTQ+
- Only 12% of power industry workers are from Indigenous backgrounds
- The percentage of foreign-born workers in the power sector is approximately 16%
- The number of women engineers in the power industry increased by 5% from 2019 to 2022
- Over 50% of power industry employees support mentorship programs targeting minorities
- The attrition rate for minority employees in the power sector is 12% higher than for their majority counterparts
- The percentage of power industry workers with disabilities is estimated at 5%
- 40% of minority employees in the power sector report feeling underrepresented
- Asian Americans comprise around 8% of the power industry workforce
- The implementation of ERGs has increased by 40% in the power industry since 2021
- Women make up 17% of the board members in public power utilities
- On average, women in the power industry earn 10% less than men
- The percentage of power sector employees who identify as persons with disabilities is about 4.8%
- The percentage of women participating in STEM fields within the power industry is approximately 20%
Workforce Composition and Demographics Interpretation
Workforce Diversity and Representation
- Diversity in the power industry has been linked to increased innovation and problem-solving
- A survey found that 45% of power industry employees believe that their companies are making efforts toward DEI
- Employee resource groups for underrepresented minorities in the power industry increased by 30% between 2020 and 2022
- Companies in the power industry that prioritize DEI see 35% better talent attraction
- Around 15% of power industry companies have formal DEI strategies
- Around 60% of power industry employees support Mandatory diversity training programs
- 70% of power companies report that attracting diverse talent is a top strategic priority
- The pay gap between men and women in the power industry is around 12%
- Companies with comprehensive DEI policies saw a 15% higher return on equity
- Around 25% of power industry companies have implemented unconscious bias training
- Companies with dedicated DEI officers perform better financially by 10%
- 50% of power industry HR professionals report difficulty in recruiting diverse candidates
- 55% of power industry companies are actively working toward gender equality
- 52% of power industry respondents believe that DEI initiatives have positively impacted company reputation
- 35% of power industry employees feel their organizations are genuinely committed to DEI efforts
- Power industry companies that set measurable DEI goals are 28% more likely to succeed in achieving them
- Over 75% of power industry executives agree that diversity improves team performance
- In 2023, only 6% of renewable energy venture capital funding was directed to minority-led startups
- The percentage of power sector companies with a dedicated DEI committee increased from 22% to 35% between 2020 and 2023
- Nearly 60% of power sector organizations have implemented inclusive recruitment practices
- The rate of retention for minority employees in the power industry is 10% higher when strong DEI initiatives are in place
Workforce Diversity and Representation Interpretation
Sources & References
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