Fortescue named one of world’s best companies for development of female leaders

Fortescue Metals Group has been ranked among the best companies internationally for supporting the development of female leaders by not-for-profit organisation

The Pilbara-based iron ore miner was one of 34 companies included in’s 2020 Best Companies for Women to Advance List, and was the only Australian company to be featured.

In 2019, Fortescue was one of the first companies in Australia to sign the ParityPledge to bring gender equality to the highest levels of business, making a public commitment to interview at least one qualified woman for every executive position.

“Fortescue has long advocated the benefits of diversity and research continues to reinforce our view and experience that building a diverse workplace is not just the right thing to do, it’s the smart thing to do,” said CEO Elizabeth Gaines.

“In fact, I believe our inclusive, diverse culture has strongly influenced Fortescue’s industry leading performance, and has contributed to a 54% increase in our market capitalisation to A$42.6 billion over the 12 months to 30 June 2020.”

Gaines has overseen consistent growth in iron ore output since becoming Fortescue’s chief executive in 2018, and was ranked second in Fortune magazine’s 2019 global businessperson of the year, behind Microsoft chief executive Satya Nadella.