EY Luxembourg signs the Women in Finance Charter and reinforces its commitment to gender diversity

Legend: Vanessa Müller - EY Partner and representative of the Board Member of LuxCMA, Nicoletta Centofanti - LSFI CEO, Patricia Gudiño Jonas - EY Partner, Papa Saliou Diop - EY Partner and DE&I Leader, Cherryl Dentzer - Sustainable Finance and Gender Finance Advisor at the Ministry of Finance in Luxembourg, Alban Aubrée - EY Luxembourg CMP, Julie Honoré, Aurélie Frost, Anca Lungu, Iga Mlynarczyk - EY Partners

As EY Luxembourg officially signs the Women in Finance Charter, the firm is using this commitment to spark a broader discussion on how organizations can transform gender diversity ambitions into measurable progress

The initiative, supported by the Luxembourg Ministry of Finance and coordinated by the Luxembourg Sustainable Finance Initiative (LSFI), reflects a growing recognition that gender diversity is not only a social imperative, but also a business and competitiveness issue for Luxembourg's financial center. The sector employs more than 60,000 people and plays a central role in the country's economic success.  

While women represent a significant share of the workforce, they still remain less visible in decision-making positions. According to the first baseline report (March 2024) of the Women in Finance Charter, women hold 28% of senior managerial roles among participating organizations, despite an overall gender-balanced workforce.

"The challenge today is no longer simply attracting talented women into the profession. It is ensuring they have the opportunities, support and visibility to progress into senior and executive roles," said Alban Aubrée, CMP of EY Luxembourg. "As a leading professional services firm serving Luxembourg's financial ecosystem, we believe that fostering diverse leadership teams is essential to innovation, decision-making and the long-term competitiveness of our market."

Progress is evident: over the past decade, Luxembourg recorded one of the largest improvements in female representation in managerial positions in Europe (+13.7 percentage points between 2014 and 2024). Building on this momentum, Luxembourg has an opportunity to accelerate progress at the most senior levels. According to the European Institute for Gender Equality (EIGE ), the country ranks ninth in the EU for overall gender equality, providing a strong foundation for further advances in leadership and decision-making and for increasing female representation in senior roles.

Turning commitment into action

By becoming a signatory of the Charter, EY Luxembourg commits to promoting the progression of women at all levels of the organization, establishing measurable objectives, monitoring progress and ensuring accountability through regular reporting.

The initiative builds on a range of actions already implemented by EY Luxembourg to support female talent and strengthen an inclusive workplace culture.

These initiatives include:

• The launch of the Gender Network, dedicated to promoting equal opportunities and encouraging dialogue around gender-related topics.
• The creation of Women@EY, a community bringing together women across the firm and its different service lines, sponsored by Alban Aubrée.
• Mentoring and coaching programs designed to support career progression and leadership development.
• Regular monitoring of female representation across leadership levels.

EY Luxembourg’s commitment to the Luxembourg Diversity Charter and its active participation in Luxembourg Diversity Day.

The Charter initiative is jointly led by Papa Saliou Diop, EY Luxembourg's Diversity, Equity & Inclusion Leader, and Vanessa Müller EY Partner, representative of the Board Member of LuxCMA, with the support of the firm's leadership team.

"Gender balance is not just about representation. It's about ensuring that everyone has access to the same opportunities to develop, grow and contribute," said Papa Saliou Diop. "Our ambition is to create an environment where talent can thrive regardless of gender, background or personal circumstances."

A broader vision for inclusion

While the Women in Finance Charter focuses specifically on gender diversity, EY Luxembourg's inclusion strategy extends across multiple dimensions of diversity and belonging.

The firm currently supports five Diversity, Equity & Inclusion networks:

• Gender Network 
• Disability Confidence Network 
• Intercultural Network 
• Social Equity Network 
• Life & Family Network

Together, these initiatives aim to foster a workplace where every individual can achieve their full potential and contribute to building a stronger, more inclusive organization.