Covid-19, Women and Investing

Covid-19 has disrupted lives across the world - but the burden has not been borne evenly. Has the pandemic set us back on gender equality? 

Sustainalytics 11 March, 2021 | 11:23AM
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Covid virus

The Covid-19 pandemic has disrupted lives and livelihoods on an unprecedented scale. Despite massive government spending, the pandemic resulted in the global economy shrinking by 3.5% in 2020. However, the financial burden of this pandemic has not been borne evenly.

Women’s jobs are more vulnerable to the financial fallouts of Covid-19 — 1.8 times more vulnerable, according to research by McKinsey. Women accounted for 54% of job losses in the US, despite making up just 38% of the labour force. Job loss rates for women of colour are even higher. With over half of US school districts still closed in December 2020, it’s no surprise that one in four working women in North America is considering downsizing their career or leaving the workforce because of the pandemic.

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