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The Robeco Capital Growth Funds have not been registered under the United States Investment Company Act of 1940, as amended, nor or the United States Securities Act of 1933, as amended. None of the shares may be offered or sold, directly or indirectly in the United States or to any U.S. Person (within the meaning of Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”)). Furthermore, Robeco Institutional Asset Management B.V. (Robeco) does not provide investment advisory services, or hold itself out as providing investment advisory services, in the United States or to any U.S. Person (within the meaning of Regulation S promulgated under the Securities Act).

This website is intended for use only by non-U.S. Persons outside of the United States (within the meaning of Regulation S promulgated under the Securities Act who are professional investors, or professional fiduciaries representing such non-U.S. Person investors. By clicking “I Agree” on our website disclaimer and accessing the information on this website, including any subdomain thereof, you are certifying and agreeing to the following: (i) you have read, understood and agree to this disclaimer, (ii) you have informed yourself of any applicable legal restrictions and represent that by accessing the information contained on this website, you are not in violation of, and will not be causing Robeco or any of its affiliated entities or issuers to violate, any applicable laws and, as a result, you are legally authorized to access such information on behalf of yourself and any underlying investment advisory client, (iii) you understand and acknowledge that certain information presented herein relates to securities that have not been registered under the Securities Act, and may be offered or sold only outside the United States and only to, or for the account or benefit of, non-U.S. Persons (within the meaning of Regulation S under the Securities Act), (iv) you are, or are a discretionary investment adviser representing, a non-U.S. Person (within the meaning of Regulation S under the Securities Act) located outside of the United States and (v) you are, or are a discretionary investment adviser representing, a professional non-retail investor. Access to this website has been limited so that it shall not constitute directed selling efforts (as defined in Regulation S under the Securities Act) in the United States and so that it shall not be deemed to constitute Robeco holding itself out generally to the public in the U.S. as an investment adviser. Nothing contained herein constitutes an offer to sell securities or solicitation of an offer to purchase any securities in any jurisdiction. We reserve the right to deny access to any visitor, including, but not limited to, those visitors with IP addresses residing in the United States.

This website has been carefully prepared by Robeco. The information contained in this publication is based upon sources of information believed to be reliable. Robeco is not answerable for the accuracy or completeness of the facts, opinions, expectations and results referred to therein. Whilst every care has been taken in the preparation of this website, we do not accept any responsibility for damage of any kind resulting from incorrect or incomplete information. This website is subject to change without notice. The value of the investments may fluctuate. Past performance is no guarantee of future results. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. For investment professional use only. Not for use by the general public.

I Disagree

03-25-2024 · Insight

How companies can help reduce the gender drain

From 1970-2000, women’s workforce participation added 13.5% (USD 2.0 trillion) to the US economy.1 Flexible work and access to affordable childcare could help push their contributions even higher. Companies with supportive benefits are helping boost gender equality and shareholder value.

    Authors

  • Audrey Kaplan - Portfolio Manager

    Audrey Kaplan

    Portfolio Manager

Summary

  1. Working women have added trillions to the economy

  2. Caring for kids adds stress that can reduce women’s workforce participation

  3. Company benefits can help women and shareholders

Decades of academic studies, corporate surveys, and plain old common-sense show that when women lack access to affordable childcare, it can be a barrier to keeping them on the job. A recent report 2 of US companies from care.com showed that childcare ranked among the highest of all employee-desired benefits alongside paid time off and health insurance coverage. That comes as no surprise as the cost of childcare continues to rise not just in the US but globally.

The majority of US parents spend 20% or more of household income on childcare, almost three times beyond what experts say are the affordable limits. In the UK, parents can spend up to two-thirds of take home pay on some form of external childcare.3 Globally, childcare providers are overstretched, waitlists are common and waiting times are lengthening as demand outstrips supply.4 Last year Japan’s government announced plans to offer JPY 3.5 trillion (more than USD 22 billion) in public funding for childcare services. 5

The motherhood penalty

Childcare can be a tricky issue for working parents, but women in particular bear the bulk of the burden. The Covid crisis dramatically underscored this reality. Over half of mothers with school age children said stress and worry affected their mental health during the pandemic.6 Flexible working conditions provided a lifeline for many working mothers, 38% of whom said they would have otherwise quit or reduced their hours to cope. 7

Figure 1 – Women spend more time caring for kids (US)

Figure 1 – Women spend more time caring for kids (US)

Source: US Bureau of Labor Statistics, American Time Use Time spent by women and men caring for young children in the US. Average hours per day spent on children under six in 2022.

Corporate relief

Companies that want to relieve the strain on working mothers as well as the drain of potential talent away from the workforce can step up internal programs to help. Those programs range from onsite care, subsidies to cover external care, or preferential access to a pool of childcare service providers.

Moreover, flexible working options that give employees more control over when and where they work can also help women achieve better work-life balance without denting their workplace productivity. For companies, there is no time to lose. In the US, pandemic-era childcare funding ran out in October 2023, which increases the value and allure of employers that offer childcare and/or flexible working benefits.

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How SI works

A win for women, companies, and investors

The Robeco Gender Equality strategy affirms the value of women in the workforce. We use the power of investing to promote companies that are breaking down barriers for women and working mothers so they can be their best at work and at home.

The strategy systematically identifies and invests in companies which score high on a host of gender positive criteria including flexible working arrangements, childcare support, and employee wellbeing in addition to pay parity and diversity. This not only helps women and their families, but it is also a boon for shareholder value. Studies show that having the right ratios of women on boards, in management and within teams can significantly contribute to innovation, risk management and profitability.

That makes it an excellent addition to investors that want to combine positive returns with positive real-world change.

As we celebrate women and their contributions during the month of March, Robeco would like to pay a special tribute to working women, working mothers, and all those who are working to make the workforce a more equitable, inclusive, and productive environment.

Footnotes

1The recent decline in women’s labor force participation,” S. Black, D. Whitmore Schanzenbach and A. Breitwieser. Brookings Institution, The Hamilton Project, 2017. See also, “The 51%: Driving growth through women’s economic participation.”
2 Care.com. 2024 The Future of Benefits Report
3 Financial Times News briefing. “UK Childcare Crisis.” December 2022; Thousands Join March of the Mummies to Demand Childcare Reforms.“ Bloomberg Equality. October 2022.
4Reinventing the childcare industry for the workforce of today.” Boston Consulting Group, 2023.
5Japan eyes annual $22 billion for childcare to tackle birth rate decline” Reuters. May 2023; see also, “Funding the Policies to Boost Japan’s Birthrate.” The Tokyo Foundation for Policy Research. October 2023.
6 Kaiser Family Foundation (KFF). 2021. U. Ranji, B. Frederiksen, A. Salganicoff, M. Long. “Women, Work and Family during Covid-19: Findings from the KFF Women’s Health Survey.” March 2021.
7 McKinsey, Women in the Workplace 2023. October 2023.

Robeco

Robeco aims to enable its clients to achieve their financial and sustainability goals by providing superior investment returns and solutions.

Important information
The Robeco Capital Growth Funds have not been registered under the United States Investment Company Act of 1940, as amended, nor or the United States Securities Act of 1933, as amended. None of the shares may be offered or sold, directly or indirectly in the United States or to any U.S. Person (within the meaning of Regulation S promulgated under the Securities Act of 1933, as amended (the “Securities Act”)). Furthermore, Robeco Institutional Asset Management B.V. (Robeco) does not provide investment advisory services, or hold itself out as providing investment advisory services, in the United States or to any U.S. Person (within the meaning of Regulation S promulgated under the Securities Act).
This website is intended for use only by non-U.S. Persons outside of the United States (within the meaning of Regulation S promulgated under the Securities Act who are professional investors, or professional fiduciaries representing such non-U.S. Person investors. By clicking “I Agree” on our website disclaimer and accessing the information on this website, including any subdomain thereof, you are certifying and agreeing to the following: (i) you have read, understood and agree to this disclaimer, (ii) you have informed yourself of any applicable legal restrictions and represent that by accessing the information contained on this website, you are not in violation of, and will not be causing Robeco or any of its affiliated entities or issuers to violate, any applicable laws and, as a result, you are legally authorized to access such information on behalf of yourself and any underlying investment advisory client, (iii) you understand and acknowledge that certain information presented herein relates to securities that have not been registered under the Securities Act, and may be offered or sold only outside the United States and only to, or for the account or benefit of, non-U.S. Persons (within the meaning of Regulation S under the Securities Act), (iv) you are, or are a discretionary investment adviser representing, a non-U.S. Person (within the meaning of Regulation S under the Securities Act) located outside of the United States and (v) you are, or are a discretionary investment adviser representing, a professional non-retail investor.


Access to this website has been limited so that it shall not constitute directed selling efforts (as defined in Regulation S under the Securities Act) in the United States and so that it shall not be deemed to constitute Robeco holding itself out generally to the public in the U.S. as an investment adviser. Nothing contained herein constitutes an offer to sell securities or solicitation of an offer to purchase any securities in any jurisdiction. We reserve the right to deny access to any visitor, including, but not limited to, those visitors with IP addresses residing in the United States. This website has been carefully prepared by Robeco. The information contained in this publication is based upon sources of information believed to be reliable. Robeco is not answerable for the accuracy or completeness of the facts, opinions, expectations and results referred to therein. Whilst every care has been taken in the preparation of this website, we do not accept any responsibility for damage of any kind resulting from incorrect or incomplete information. This website is subject to change without notice. The value of the investments may fluctuate. Past performance is no guarantee of future results. If the currency in which the past performance is displayed differs from the currency of the country in which you reside, then you should be aware that due to exchange rate fluctuations the performance shown may increase or decrease if converted into your local currency. For investment professional use only. Not for use by the general public.