Danfoss Wants More Female Leaders

Marianne Godballe, Danfoss

writer icon Kristine Hanson     Danfoss   |   Business     🕐 28. Feb. 2020

Danfoss has declared in a recent press release that, over the next five years, they will increase the number of female leaders they have.

Less than One-Third of Employees are Female
Today, women count for less than a third of all the company’s employees, and only 20 percent of its leaders are women.

Out of the 11 members of Danfoss's Board of Directors only 3 are women.

Danfoss has therefore declared their new plans to ensure that 25 percent of its leaders are women by 2022 and 30 percent by 2025.

Danfoss has made no mention of female leaders in the Board of Directors.

New Cards On the Table
Danfoss is now embarking on an ambitious plan to ensure that the number of female leaders increases significantly over the next five years.

With a number of new initiatives, the goal is to grow the proportion of female leaders from 20 percent today to 30 percent in five years.

“At Danfoss, we operate in a world that is constantly changing and evolving. Therefore, we need to be a diverse workplace with the best employees who can challenge us and who can come up with new ideas and approaches. In a world where gender split is around 50/50 we need to make sure that we don’t miss out on the female gender side and get the best people in. Diversity in a broad sense and at all levels is crucial to creating the best solutions for our customers and maintaining Danfoss as an exciting workplace with high ceilings. It is simply the right thing for us to do,” says Kim Fausing, CEO of Danfoss.

Today, 30 percent of Danfoss employees are women, but only 20 percent of leadership positions are occupied by women.
Therefore, it is now becoming a focus area for the entire Danfoss global organisation to ensure that the number of female leaders is increased by 50 percent.

“We have come a long way, but we are aware that in order to achieve our ambitious target of increasing our female leaders rate by 50 percent, an extraordinary effort is required. We need to go new and unconventional ways, challenge ourselves and send an unambiguous signal both to ourselves that this effort has a high priority and to our outside world that Danfoss is an attractive company for both genders,” says Ilonka Nussbaumer, head of HR at Danfoss.

In this light, Danfoss is now launching a large number of significant and concrete efforts.

Danfoss describes that there will be a stronger focus on the recruitment process, on retaining talented women, and on developing and empowering female employees to become tomorrow's successful leaders.

Create and Hunt for Talent
The hunt for new talented female leaders will start with Danfoss associating themselves with students, opening up through internships, student jobs, mentoring schemes and Danfoss networks.

We must ensure a 50/50 distribution in Danfoss's postgraduate and talent programs.

Female employees who are affiliated with the Danfoss talent program will receive a senior manager as a mentor to help them in their development, and all females will be offered career coaching as part of their development plans.

And not least, all Danfoss leaders will be trained to practice inclusive leadership, Danfoss describes in their press release.

“We know that in many of the core countries we operate in, females are still underrepresented in STEM educations. For us, this means that we have a responsibility to make engineering and STEM educations even more attractive to women. As an engineering and technology company, we must seize the opportunity to lead globally and show that more female leaders have and are of central importance to the future development of companies,” says Nussbaumer.

We believe that information should be free and will therefore never put up a paywall.

If you like reading our reports about the Scandinavian business scene and would like to donate towards the upkeep of the site, we would be very grateful. Click here to donate.

Most Popular Articles of October

Most Popular Articles of this Year