Announcement recognizes the organization’s achievements on building a gender inclusive workplace. The IDB is the second multilateral development bank worldwide to earn this distinction.
The Inter-American Development Bank (IDB), and its sister organization, IDB Invest, announced today they have received for the third time its EDGE Certification, and have advanced to the next level, EDGE Move. The IDB Group, comprised of IDB, IDB Invest, and IDB Lab, is the first development bank in the Americas and second worldwide to earn EDGE Move, the second level of the prestigious distinction.
EDGE Move recognizes the IDB Group’s progress in fostering an equitable workplace. To be awarded this level both organizations went through a rigorous independent study which included a review of its policies, gender pay gap, recruitment efforts, flexible work solutions, culture, among others.
The independent study that led to the certification showed remarkable results. Besides the existence of a gender-neutral and substantial parental leave policy, one achievement that stood out was that both IDB and IDB Invest continue to have equal pay for equal work; meaning men and women with similar roles and responsibilities earn the same at the organization.
“It is a great honor to be EDGE certified once again and to be the first development bank in the Americas to receive the EDGE Move certification. We are committed to the promotion of gender equality and diversity in our institution,” said Mauricio Claver-Carone, IDB Group’s President. “A diverse institution is a successful institution. That is why one of our top priorities in our Vision 2025 strategy is gender and diversity, we will continue to work internally as well as with our member countries to reach this goal.”
According to the results of the EDGE study, employees agree that the organization has made significant progress in terms of offering the same opportunities for employees to grow, regardless of their gender. Moreover, it showed that most employees would recommend colleagues to work there.
“Achieving EDGE Move, positions the IDB Group as a great place to work for people that are passionate about development in Latin America and the Caribbean,” said Carolina Serra the IDB Group’s Chief Human Resources Officer. “We want to make sure our current- and future employees- feel like they can thrive for who they are in our organization.”
The IDB Group is taking further actions to make sure that equity is at the center of all priority areas, both internally and with the projects in the region. As part of the EDGE certification process, they went through EDGE Plus, a deeper level of analysis that measures the intersectionality of gender with race/ethnicity and sexual orientation.
“We are proud to have been one of the most forward-thinking organization in shifting our framework from Diversity and Inclusion to Diversity, Equity, and Inclusion (DEI),” said Ria Jordan, the IDB Group’s DEI Advisor. “This is a step forward to recognize that to create a sense of belonging we need to work towards building equity in terms of gender, afro descendants, LGBTQ+, indigenous people, and persons with disabilities.”
About the IDB Group
The IDB Group is the leading source of development finance for Latin America and the Caribbean. It helps to improve lives by providing financial solutions and development expertise to public- and private-sector clients. The Group comprises the IDB, which has worked with governments for more than 60 years; IDB Invest, which serves the private sector; and IDB Lab, which tests innovative ways to enable more inclusive growth. Access our virtual tour.
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