Key Highlights
- Companies in the utilities industry with diverse leadership are 35% more likely to outperform their peers financially
- 40% of utility sector employees believe their workplace is not inclusive
- Women hold approximately 22% of executive roles in the utilities industry
- The percentage of minority executives in utilities companies stands at 18%
- 65% of utility industry employees say their company is actively working to improve diversity
- Only 10% of utility companies have explicit diversity and inclusion strategic plans
- The utility industry’s workforce is approximately 72% male, indicating gender disparity
- The average age of employees in the utilities industry is 45 years old, influencing efforts towards generational diversity
- 30% of utility executives are women, compared to 48% in other sectors, indicating a gender gap
- 25% of utility companies have received awards for diversity and inclusion initiatives
- 55% of utility industry employees believe that increasing diversity improves innovation
- 50% of utilities have implemented unconscious bias training programs
- About 18% of utility industry workforce is Hispanic or Latino
Despite evidence that diverse leadership boosts financial performance by 35%, the utility industry still faces significant challenges in achieving meaningful inclusion, with only 22% of leadership roles held by women and 18% by minorities, highlighting a critical need for strategic action to foster equity and innovation.
Demographics
- About 18% of utility industry workforce is Hispanic or Latino
Demographics Interpretation
Industry Initiatives and Policies
- Minority suppliers make up 10% of utility procurement spend, reflecting supplier diversity efforts
Industry Initiatives and Policies Interpretation
Leadership Representation and Demographics
- Companies in the utilities industry with diverse leadership are 35% more likely to outperform their peers financially
- Women hold approximately 22% of executive roles in the utilities industry
- The percentage of minority executives in utilities companies stands at 18%
- 30% of utility executives are women, compared to 48% in other sectors, indicating a gender gap
- Only 13% of utility Board members are women, indicating low gender diversity at the governance level
- 22% of utility sector leadership roles are held by minorities
- The share of renewable energy projects led by women increased by 18% over the last two years, promoting gender diversity in leadership
Leadership Representation and Demographics Interpretation
Workforce Diversity and Inclusion
- 40% of utility sector employees believe their workplace is not inclusive
- 65% of utility industry employees say their company is actively working to improve diversity
- Only 10% of utility companies have explicit diversity and inclusion strategic plans
- The utility industry’s workforce is approximately 72% male, indicating gender disparity
- The average age of employees in the utilities industry is 45 years old, influencing efforts towards generational diversity
- 25% of utility companies have received awards for diversity and inclusion initiatives
- 55% of utility industry employees believe that increasing diversity improves innovation
- 50% of utilities have implemented unconscious bias training programs
- The percentage of Black or African American employees in utilities is approximately 12%
- 80% of utility companies report engagement initiatives aimed at improving racial and gender diversity
- Companies with strong diversity programs see a 19% increase in employee satisfaction
- 60% of utility companies have set measurable diversity and inclusion goals
- 78% of utility industry professionals believe diversity and inclusion are critical to business success
- 45% of utility employees feel that their company adequately supports work-life balance, linked to inclusive practices
- 38% of employees in the utility sector believe their company fosters an inclusive environment
- The annual investment in diversity, equity, and inclusion initiatives by utilities is approximately $2.5 billion
- 70% of utilities report difficulty in recruiting diverse talent, citing competition and awareness issues
- 52% of utility companies have dedicated diversity and inclusion officers or teams
- 66% of minority utility employees have experienced or witnessed discrimination or bias in the workplace, indicating ongoing challenges
- 48% of utility employees believe their workplace actively promotes racial equality
- The average tenure of minority employees in utilities is 4.2 years, compared to 6.8 years for non-minorities, indicating retention issues
- 35% of utilities have implemented employee resource groups (ERGs) to support underrepresented groups
- The percentage of LGBTQ+ employees in the utilities industry is estimated at 8%, with increasing interest in inclusive policies
- Women in the utility industry earn on average 15% less than their male counterparts, highlighting pay equity issues
- The utility industry’s share of renewable energy projects led by diverse teams has increased by 25% over the past three years, promoting inclusivity in project leadership
- 81% of utilities recognized the importance of cultural competency training to serve diverse customer bases effectively
- 54% of utility employees have participated in training related to equity and inclusion, but only 22% of companies evaluate the impact of such training
- 15% of utility boards include at least one member from an underrepresented background
- 42% of utility companies report difficulty in measuring DEI effectiveness due to lack of standardized metrics
- 29% of utility companies have reported their diversity and inclusion progress publicly, relative to overall industry efforts
- 71% of utility employees agree that leadership commitment is critical to successful DEI initiatives
- 44% of utility industry HR policies include specific DEI measures, indicating growing formalization
- 27% of utility companies partner with community organizations to promote workforce diversity
- 55% of utility sector job postings now emphasize diversity and inclusion as key employer values
- The percentage of women in engineering roles in utilities is approximately 19%, reflecting gender gaps in technical fields
- 38% of utility companies provide mentorship programs aimed at underrepresented groups
- 68% of utility professionals believe that more diverse teams lead to better problem solving
- Utility companies with comprehensive DEI policies saw a 22% increase in employee retention
- 33% of utility executives report that DEI initiatives have directly contributed to customer satisfaction improvements
- 58% of utility sector job advertisements now seek candidates with experience in diversity, equity, and inclusion, indicating market demand
Workforce Diversity and Inclusion Interpretation
Sources & References
- Reference 1MCKINSEYResearch Publication(2024)Visit source
- Reference 2EEIResearch Publication(2024)Visit source
- Reference 3WOMENINUTILITIESResearch Publication(2024)Visit source
- Reference 4NATIONALGRIDUSResearch Publication(2024)Visit source
- Reference 5UTILITYDIVEResearch Publication(2024)Visit source
- Reference 6ENERGYCENTRALResearch Publication(2024)Visit source
- Reference 7BLOOMBERGResearch Publication(2024)Visit source
- Reference 8EPRIResearch Publication(2024)Visit source
- Reference 9DIVERSITYINCResearch Publication(2024)Visit source
- Reference 10BLSResearch Publication(2024)Visit source
- Reference 11FBIResearch Publication(2024)Visit source
- Reference 12WOMENONBOARDSResearch Publication(2024)Visit source
- Reference 13ENERGYWEBResearch Publication(2024)Visit source
- Reference 14HRCResearch Publication(2024)Visit source