ClosinGap presents the 6th Index on the Impact of Gender Gaps on Spanish GDP
This report highlights that 34.1% of the gender gap still remains to be closed. In terms of economic impact, the indicator shows that the cost of inequalities between women and men represents a negative effect of more than €271 billion, equivalent to 17% of Spain’s 2024 GDP.
During the event, a roundtable discussion was also held focusing on how strategic sectors such as energy can accelerate the closing of the gender gap, particularly in STEM fields, shared responsibility and work-life balance in 24/7 operational environments, and female leadership in traditionally male-dominated companies.
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What is ClosinGap?
ClosinGap is an Association founded to analyse the opportunity costs of the various gender gaps in the economy and society. Our goal is to build an inclusive future with equal opportunities for all genders.
to close the gender gap, based on current time horizon
€271,159m
increase in GDP in 2024 (associated with closing the current gap in the labor market)
Founding Partners
Today, ClosinGap consists of fourteen large companies employing around one million people worldwide.
MERCKAt ClosinGap, Merck analyses the impact of the gender gap on healthA German science and technology company operating in 66 countries in the fields of health, life science and performance materials, with the goal of improving people’s quality of life and wellbeing.
MapfreAt ClosinGap, Mapfre analyses the impact of the gender gap on pensionsA global insurance company comprising a team of professionals, both men and women, from around the world. MAPFRE is also committed to sustainability and the development of people in the countries in which it operates.
RepsolAt ClosinGap, Repsol analyses the impact of the gender gap on the work-life balanceA multinational Spanish power and petrochemical company with headquarters in Madrid, founded in October 1987. Repsol is a global multi-energy company that works to ensure the transition to an energy model with lower emissions.
BMW GroupAt ClosinGap, BMW Group analyses the impact of the gender gap on transportWith its four brands - BMW, MINI, Rolls Royce and BMW Motorrad - BMW is the leading manufacturer of premium cars and motorcycles in the world, and it also offers premium financial and mobility services. It has approximately 125,000 employees worldwide.
Mahou San Miguel and Solán de CabrasEn ClosinGap analiza el impacto de la brecha de género en el ocio.At ClosinGap, Mahou San Miguel y Solán de Cabras analyse the impact of the gender gap on leisure. Spain's leading beer company at home and abroad, present in over 70 countries. It diversified its business in recent years with the purchase of Solán de Cabras in 2011.
PwC*At ClosinGap, PwC analyses the gender gap in employmentAt PwC, we help our clients build trust and reinvent themselves so they can turn complexity into a competitive advantage. We are a technologically advanced network empowered by more than 370,000 professionals in 149 countries. Through our audit, tax and legal advisory, consulting, and transition services, we help build, accelerate, and drive your growth. *Corporate Partner
CaixabankAt ClosinGap, Bankia analyses the gender gap in rural areasA national financial entity listed on the Madrid Stock Exchange and part of the selective Ibex 35 index. It has 8 million clients and is the leader in six regions that, together, contribute 38% of GDP. Madrid, the Region of Valencia, the Balearic Islands, the Region of Murcia, La Rioja, and the Canary Islands. With a universal banking business model based on multi-channel management, it operates nationwide and its activity is focused on the business of individuals and companies.
Grupo Social ONCEAt ClosinGap analyses the combined effect of the gender gap and the disability gap. Grupo Social ONCE comprises ONCE, ONCE Foundation, and Ilunion, and it is the fourth biggest Spanish employer, with over 73,000 employees, 58% of whom have disabilities. It also fulfils gender equality criteria in its workforce, since female employees
KREABAt ClosinGap, KREAB analyses the gender gap in public relationsExperts in communications and public affairs, offering clients solutions to communication problems both on a global scale and in local contexts. It provides corporate communication, financial, digital and public affairs consultancy services.
Fundación CEOEIn ClosinGap, it analyses the impact of the gender gap in SMEs.The CEOE Foundation is an institution created by the Spanish Confederation of Business Organisations (CEOE). It is the Foundation of all Spanish companies: large companies, SMEs and self-employed entrepreneurs. Drawing strength from unity, the CEOE Foundation reinforces its commitment to society, as an open and collaborative institution with everyone, committed to improving social well-being, with people always at the centre of its actions, and as a fundamental integrating and inclusive element among CEOE's associations and member companies.
TelefónicaOne of the world's leading telecommunications service providers. The company offers fixed and mobile connectivity services, as well as a wide range of digital services for individuals and businesses. It is present in Europe and Latin America, where it has more than 365 million customers. Telefónica is a fully private company whose shares are listed on the Spanish stock exchanges and on the New York and Lima stock exchanges.
RedeiaGlobal operator of essential infrastructures that guarantees electricity supply and connectivity, promoting a just ecological transition based on sustainability criteria.
HSFKramerHerbert Smith Freehills Kramer (HSFKramer) is a leading global law firm with over 5,000 professionals, including more than 500 partners, in 23 offices worldwide. Since 2009, its office in Spain has provided legal advice, both national and cross-border, to IBEX 35 companies and other major national and multinational corporations with complex operations and disputes in Spain and around the world. Its team in Spain have more than 100 professionals and is led by 16 partners, who are responsible for designing, coordinating, and managing the most appropriate teams for each operation.
EnagásEnagás is an international reference in the development, maintenance, and operation of energy infrastructures. It has a dual purpose: the security of supply for Spain and Europe, and decarbonization.
Our reports
We study the main gender gaps that persist in society in order to quantify their impact on the economy and to analyse the causes of the unequal situations faced by men and women in different areas.
The ClosinGap Index is the first indicator in Spain that annually quantifies the evolution of the gender gap in our country through five key categories that directly or indirectly affect GDP: Employment, Education, Work-life Balance, Digitalisation and Health and Wellbeing, through a detailed analysis of a total of 28 key variables.
