In commemoration of the International Women’s Day, the Indonesia Stock Exchange (IDX), in collaboration with the United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), UN Global Compact Network Indonesia (IGCN), the International Finance Corporation (IFC), and the Indonesia Business Coalition for Women Empowerment (IBCWE), proudly held the 6th annual Ring the Bell for Gender Equality (RTBFGE) event in Indonesia. The event was held at the IDX Main Hall raising the global theme of “Ring the Bell for ALL Women and Girls: Rights. Equality. Empowerment.”
The RTBFGE is a global initiative supported by the United Nations Sustainable Stock Exchange (SSE), UN Global Compact, UN Women, and the World Federation of Exchanges (WFE). This year, approximately 117 stock exchanges worldwide have registered to participate in this campaign, which seeks to raise awareness and commitment to gender equality in the business world.
Despite progress on gender equality, significant challenges persist in achieving gender equality in the workplace. In 2023, the labour force participation rate for women in Indonesia stood at just 55%, compared to 85% for men (BPS, 2024). According to the International Labour Organization (ILO) in 2023, female professionals in Indonesia earned an average wage of $4 per hour, significantly lower than men, who earned $6 per hour. Additionally, the SDG Global Database indicates that women had limited opportunities for leadership positions, with only 32% of managerial roles in 2022 held by women. Given these challenges, it is crucial for companies to implement inclusive policies that provide equal opportunities and foster an environment that supports women’s empowerment. Businesses that promote gender equality and advocate for women’s rights not only drive social progress but also contribute to creating more inclusive, resilient, and successful workplaces and communities.
