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NEWS March 28, 2019

Sting finalist in WES Diversity Impact Awards

Sting was one of three finalists when the WES Diversity Impact Award was awarded last night at Café Opera. The prize celebrates initiatives for diversity and inclusion in the business world. Sting was nominated in the category Diversity Impact Company of the Year.

Yesterday, the Diversity Impact Awards were presented at a prize ceremony at Café Opera in Stockholm. Behind the Diversity Impact Award stands Women Executive Search (Wes), Sweden’s only managerial recruitment company that specializes in inclusive recruitment processes. The purpose of the prize is to pay tribute to leaders, companies and organizations that drive development in diversity and inclusion.

Sting was the finalist in the category Diversity Impact Company of the Year, which is awarded to a company that, with a long-term and credible commitment, has increased the diversity of its management level and achieved concrete results by integrating the diversity issue into the overall corporate strategy.

– We are very happy about this prize and proud that our diversity work has produced results. We have worked hard to increase the gender balance in the teams we admit to Sting. But we have just started to work on this, and we will not stop until it is a non-issue, says Karin Ruiz, coach at Sting.

Sting was recognized for its work within diversity and more specifically for the initiative to increase the proportion of female founders in the companies that are accepted to the accelerator and incubator programs. The proportion of admitted teams with female founders has increased from 26 percent in 2017, to 42 percent in 2018.

In the recruitment area, Sting also worked on the issue, and the proportion of recruitments that resulted in a woman being recruited into Sting companies is close to 40 percent.

A third area is investment. Thirty-eight percent of Propel Capital’s investments in 2018 were made in companies with female founders.

The jury for the WES Diversity Impact Award consisted of Anna Wikland, CEO of Google Sweden; Ashkan Pouya, founder of Serendipity; Cilla Benkö, CEO of Swedish Radio; Azita Shariati, VD Sodexo; Jens Henriksson, CEO Folksam; Mengmeng You, board professional, and Niklas Adalberth, founder Norrsken and Klarna.