- Diversity target achieved in Supervisory Board; share of women in management rises
- Zalando invests five million euros to raise share of women in tech to *40-60% by 2023
- Zalando further expands diverse and inclusive shopping experience for customers
BERLIN, NOVEMBER 17, 2020 // Today, Zalando, Europe’s leading online platform for fashion and lifestyle, publishes its first annual diversity and inclusion report, ‘do.BETTER’. The report is a snapshot of the company and documents the progress made in the areas of diversity and inclusion (D&I). Future initiatives for its employees, customers, and partners are also planned.
“We strive to foster a diverse and inclusive company culture because we are convinced that it will make us a more successful business in the long term. However, investing in diversity and inclusion is more than just a business strategy for us. It is simply the right thing to do. It is our vision to become the Starting Point for Fashion in Europe, and we want to include everyone on that journey. Transformation takes time. We are still at the beginning but our progress indicates that we are moving in the right direction,” says Zalando co-CEO Rubin Ritter.
In 2019, Zalando set the target of achieving a balanced representation of both women and men, indicated by a share *40-60 percent for both genders on the top six leadership levels by the end of 2023. The 2020 do.BETTER report shows that the company has already achieved this goal in its Supervisory Board, which is now comprised of 56 percent women. It further shows significant progress on Senior Vice President (SVP) level, where the representation of women has almost doubled in just one year to 30 percent women (+13 p.p.). The Vice President (VP) cohort now consists of 22 percent women (+3 p.p). The company acknowledges that its Management Board has the lowest diversity, where currently no women are represented, and reconfirms its commitment to reaching the diversity target in the Management Board by 2023.