“Science Meets Business” – this is a beautiful thing. It does not get better than that for me, having trained as a scientist and worked for more than 30 years in business, including the past 27 years with Dow, one of the world’s leading science and technology companies. At Dow we are proud of our mission to combine chemistry, physics and biology to create what is essential for human progress. As our ever growing population faces pressing challenges, we believe that innovation will be the key to addressing the needs of the future.
Implicit in this vision is that graduates in Science, Technology, Engineering and Mathematics (STEM) are readily available to drive innovation and progress humanity and, just as importantly, that the graduate pool reflects the diversity of our society in all its dimensions.
Over recent years, there has been an increasing recognition of the imbalance of women in STEM. This has culminated in an impressive $13 million of the National Innovation and Science Agenda (NISA) funding being earmarked to support women in STEM careers including support for SAGE, Australia’s Science and Gender Equity initiative to promote gender equity in STEM.
Changing corporate culture
There is a real need for this concerted effort to address gender inequity. According to the Chief Scientist’s March 2016 report, women make up only 16% of Australia’s STEM Workforce.
The good news is that in recent years, a lot has been done to address the gender inequality issues. We have a strong combination of social awareness, government policy and financial investment, corporate and business buy-in and social consciousness of the issue.
I have recently met a number of female board directors who have openly acknowledged that their appointment is due to the Victorian governments spilling of agency boards and establishing a 50% gender quota requirement. This is one example of real and substantial change.
Across the globe, Dow has over 1,600 employee volunteers, known as STEM Ambassadors, who are helping to bring STEM subjects to life in the classroom, and serving as role models of a diverse STEM workforce.
In partnership with the Women in Business Summit hosted by the American Chamber of Commerce in Japan (ACCJ), Dow has also taken a leadership role to improve STEM career development opportunities for women. We are progressing slowly, but steadily, with women constituting nearly 60% of new Australian and New Zealand hires at Dow in 2016.
With the $13 million NISA investment and the changing corporate culture, now is the perfect opportunity for young women to seek and develop a career in STEM.
Innovation in general will be the driving force of commercial success, economic growth and national development. A large part of this will come from R&D and innovation in STEM fields.
If the majority of future jobs are yet to be imagined, then women in particular are in a perfect position to seize the opportunity of creating these positions.
The management glass ceiling might exist today, but if the jobs are yet to be invented, then then we have a chance of shattering that ceiling in the future.
Managing Director & Regional President, Australia and New Zealand, Dow Chemical Company
Read next: CEO of AECOM Australia and New Zealand Lara Poloni explains why it’s important for women to stay connected with the workplace during a career break.
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