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Urenco publishes Gender Pay Gap Report for UK employees
26 March 2021 Global NewsUrenco has published its fourth Gender Pay Gap Report for all of its UK employees*.
Gender pay gap is the difference between the mean and median earnings of men and women as a percentage of men’s earnings. This is different to equal pay, which is the principle that men and women should receive the same pay for carrying out the same jobs, similar jobs or work of equal value.
The report shows that for all UK-based employees, the mean hourly pay gap decreased by 1% (from 18.6% in 2019 to 17.6% in 2020) and the median hourly pay gap decreased by 2.9% (from 15.4% in 2019 to 12.5% in 2020). These positive trends are linked to changes in gender distribution in Urenco’s workforce. Namely, out of all employees that moved to higher pay quartiles during the last year, 40% were female (14% higher than the proportion of women in the general workforce).
Sarah Howe, Culture, Diversity & Inclusion Programme Director, comments:
“Urenco has laid some solid foundations in its commitment to becoming a more diverse and inclusive organisation. We are extending our diversity and inclusion (D&I) programme and embedding it into our business strategy to ensure we can accelerate our progress in all areas of D&I, including closing the gender pay gap and ensuring equal pay.
“Our goals will succeed only if we transform our behaviours and mindsets, which is why our D&I programme is now integrated into our culture programme (find out more about our culture programme in our 2020 Annual Report). As part of this, we are developing more ambitious metrics and a new strategy for 2021-2025.”
The full gender pay gap report is available here.
*Gender pay gap reporting is a legal requirement from the UK Government for all employers in the UK with more than 250 employees. Currently Urenco UK is the only UK entity to meet the government’s criteria however Urenco has chosen to show the same data for all UK-based employees.
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About Urenco
Urenco is an international supplier of uranium enrichment services, fuel cycle products and related solutions with sustainability at the core of our business. Operating in a pivotal area of the nuclear fuel supply chain for over 50 years, Urenco understands the importance of energy security and facilitates the reliable delivery of low carbon electricity generation for consumers around the world.
With its head office in London, UK, Urenco’s global presence ensures diversity and security of supply for customers through enrichment facilities in Germany, the Netherlands, the UK and the USA. Through our technology and the expertise of our people, the Urenco Group provides safe, cost effective and reliable services, operating within a framework of high environmental, social and governance standards, complementing international safeguards.
Urenco is making a positive contribution to global climate change goals through our core business and we are committed to achieving net zero carbon emissions by 2040.
We are committed to continued investment in the responsible management of nuclear materials; innovation activities with clear sustainability benefits, such as nuclear medicine, industrial efficiency and research; and nurturing the next generation of scientists and engineers.
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