Orica released its FY19 annual report and corporate governance statement on Monday (the explosives and mining services group operates on a September 30 year-end) and published its progress against the board’s Diversity & Inclusion Strategy.

Unlike BHP under Andrew Mackenzie, which went for an “aspirational goal” of 50 per cent women in the miner’s workforce by 2025, or Westpac’s Brian Hartzer, who in 2017 met his predecessor Gail “Cleopatra” Kelly’s target of half the bank’s leaders being women only by changing the definition of a leadership position, Orica has set itself a hard, achievable target: women to represent 25 per cent of its senior leaders by September 30, 2020. Since 2017, the figure has crawled from 21 to just 22 per cent, so CEO Alberto Calderon has entered a stretch period.