This marks the sixth year for Report on Business magazine’s annual benchmark of gender diversity in corporate Canada. This year’s benchmark includes 93 companies, a slight decrease from last year’s total of 97, but still a strong showing from 2020’s initial list which included 73 companies. Of those 93 companies, 16 are headed up by a women in the corner office, compared with 21 last year. The number of women in executive roles at these companies is at least stable with an average of 46%, up from 2023’s 45%. Read on to see a list of this year’s companies where Women Lead Here.
OUR METHODOLOGY
To create the 2025 Women Lead Here list, Report on Business magazine assessed approximately 500 publicly traded companies in Canada with annual revenues greater than $50 million. Companies were evaluated from October to November 2024 on their executive teams. Our researchers evaluated each company’s top three tiers of executive leadership while measuring the ratio of female-identifying to male-identifying individuals at each tier. Tier 1 is CEO or equivalent, Tier 2 is C-suite, president or equivalent, and Tier 3 is generally EVP, SVP or equivalent. In the assessment process, we contacted each evaluated company by email to confirm the accuracy of data. We then applied a weighted methodology. We considered the company’s profitability, revenue growth and three-year return. The diversity of an executive team was also considered, as was the year-over-year comparison of female representation in the company’s executive ranks. We then assigned each company a score and applied a final screen to the top quintile: Companies with fewer than 30% of overall executive roles held by women were excluded, as were companies with only one woman-identifying executive. Research by Fiona Collie, Liza Agrba, Claire Robbins and Rasha Rehman.
