EDGE results outline improvements to several policies and practices, including pay equity, employee development, and culture inclusiveness
TORONTO, September 20, 2022 – The Ontario Teachers’ Pension Board (Ontario Teachers’) today announced that it has achieved EDGE Lead, the highest level of certification offered by EDGE, the world’s leading assessment and business certification for gender and intersectional equity. In addition to this achievement, he also received EDGEplus certification for his commitment to analyzing additional dimensions of the intersectionality between gender, race and ethnicity. Teachers’ is the first organization in the Canadian financial industry to receive both EDGE Lead and EDGEplus certifications.
EDGE Lead certification demonstrates success in promoting gender-equitable workplaces. In line with its Diversity, Equity and Inclusion (DE&I) ambitions, Ontario Teachers’ results showed improvements to its policies and practices in several areas, including pay equity, recruitment and promotion, leadership development training, mentoring, flexible working and inclusive culture. In addition, the representation of women is balanced and stable at all levels and the percentage of women on the non-executive board has increased from 44% in 2019 to 55% in 2022.
Achieving EDGEplus certification further underscores Ontario Teachers’ commitment to analyzing intersectional issues between gender and other dimensions such as gender identity, race/ethnicity, 2SLGBTQ+ identity, work with a disability, nationality and age.
Beth Tyndall, Director of Human Resources, Ontario Teachers’, said, “The commitments and actions we have taken to achieve the highest level of EDGE certifications demonstrate that DE&I is at the heart of our strategy and that gender equality and intersectional equity are key elements of our organization’s policies and practices. and everyday experiences. We believe that creating and promoting a culture where everyone belongs and has access to equal opportunities is important to attracting, developing and retaining the best and brightest talent.
Aniela Unguresan, Founder of the EDGE Certified Foundation, said, “The significant efforts undertaken by Teachers’ over the past two years, in line with the recommendations made in the EDGE Action Plan, have propelled it to the highest level of certification EDGE. They join the league of inspiring organizations that have gender balance in their workforce, pay equity, effective policies and practices that ensure fair career flows for men and women, and an inclusive culture. Teachers’ has added EDGEplus certification, which shows its commitment to applying the same rigor and discipline in pursuing intersectional issues related to gender equity, gender identity and race/ethnicity.
ABOUT ONTARIO TEACHERS
The Ontario Teachers’ Pension Board is a global investor with net assets of $242.5 billion as of June 30, 2022. We invest in more than 50 countries in a wide range of assets including public and private equities, fixed income, credit, commodities, natural resources, infrastructure, real estate and venture capital growth to provide income benefits to 333,000 active and retired members.
With offices in Hong Kong, London, San Francisco, Singapore and Toronto, our more than 350 investment professionals bring deep expertise in sectors ranging from agriculture to artificial intelligence. We are a fully funded defined benefit pension plan and have earned a total annual net return of 9.6% since the plan’s inception in 1990. At Ontario Teachers’, we don’t just invest to make a return, we invest to shape a better future for the teachers we serve, the businesses we support and the world we live in. For more information, visit otpp.com and follow us on Twitter @OtppInfo.
ABOUT EDGE CERTIFICATION
EDGE is the global leader in corporate assessment and certification for gender equality and intersectional equity. EDGE certification involves a rigorous third-party review of an organization’s pipeline representation, pay equity, effectiveness of policies and practices, and inclusiveness of culture. As part of the assessment, statistical data is analyzed, policies and practices are reviewed, and employees’ experiences with career development opportunities in the current workplace are considered. Depending on the specific results of each organization, an action plan is formulated, and firm commitments for its implementation.
EDGE certification meets organizations where they are on their gender balance (EDGE) journey and their intersectional equity (EDGEplus) journey through its three levels of certification: Assess, Move, and Lead. An EDGE Assess level certification recognizes commitment, an EDGE Move level certification showcases progress, and an EDGE Lead level certification celebrates success in promoting gender equitable workplaces. An EDGEplus certification further recognizing its commitment to analyzing intersectional issues between gender and one or more of the following additional dimensions: gender identity, race/ethnicity, LGBTQI+, working with a disability, nationality and age.
EDGE certification is built around independent third-party certification of data and information and is distinguished by its rigor and focus on impact granted by one of the EDGE-accredited independent third-party certification bodies – SGS, Intertek or FloCert, it remains valid for a period of two years. EDGE’s current customer base consists of over 200 large organizations in 50 countries across five continents, representing 30 different industries.
FOR MORE INFORMATION
Ontario Teachers’ Pension Plan
Veronique Del Motto
Digital Marketing Manager at EDGE Strategy