Index Design

The Impax Global Women’s Leadership Index* is a customized index of the highest-rated companies in the world in advancing women, as rated by Impax Gender Analytics, and that meet key environmental, social and governance (ESG) standards, as rated by MSCI ESG Research. Companies are rated by Impax Gender Analytics based on multiple criteria of gender leadership, including:

  • Representation by women on the board of directors
  • Representation of women in executive management
  • Woman CFOs
  • Woman CEOs
  • Whether they are signatories to the Women’s Empowerment Principles, a joint initiative of the UN Global Compact and UN Women.

Gender Criteria

Gender Criteria

These factors are given different weights, with representation by women on boards and in management receiving the highest weights.

The Index comprises companies that also meet certain environmental, social and governance (ESG) or sustainability standards, as rated by MSCI ESG Research, and excludes weapons and tobacco companies. MSCI ESG Research provides in-depth research, ratings and analysis of the ESG-related business practices of thousands of companies worldwide.

The 400 plus companies that emerge from this research and selection process are, in our view, the best companies in the world when it comes to advancing gender diversity and empowering women in the workplace.

Learn more about the index methodology.

Current holdings for Impax Global Women’s Leadership Index.


*A custom index based on MSCI World. One cannot invest directly in an index.