01.28.2021

Disclosure Increases In Bloomberg’s Gender-Equality Index

Bloomberg announced that 380 companies headquartered across 44 countries are included in the 2021 Bloomberg Gender-Equality Index (GEI). For the first time, firms domiciled in Indonesia and Bermuda are reporting gender-related data. The GEI brings transparency to gender-related practices and policies at publicly-listed companies, increasing the breadth of environmental, social, governance (ESG) data available to investors. At a time when it is critical for firms to demonstrate their commitment to gender equality, the companies included in this year’s index are setting an example for more transparent reporting and disclosure of social data.

“As we continue to grapple with the pandemic, we’ve seen companies put increased emphasis on the ‘S’ in ESG,” said Peter T. Grauer, Chairman of Bloomberg. “The companies included in this year’s Gender-Equality Index are committed to providing an inclusive work environment, supporting work-life balance and flexible work arrangements to retain a talented workforce and create a competitive advantage in this changing business environment.”

Despite raising the threshold for inclusion in the 2021 index, a record number of companies disclosed their data, and the quality of disclosure continues to improve. This year, GEI companies had a 94% disclosure score on average. While the average disclosure score was high, the average data excellence score was 55%, making it evident there is still work that needs to be done. The data excellence score is broken down into scores across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.

“As businesses strive to maintain strong corporate cultures in today’s virtual world, the C-suite has the opportunity to drive progress on gender equality for years to come,” said Patricia Torres, Global Head of Bloomberg Sustainable Finance Solutions at Bloomberg. “This progress can begin with the GEI framework, which helps companies assess where they are on the path to gender parity relative to their peers, and hold themselves accountable to their goals. In turn, the GEI data gives investors a comprehensive view into how these practices are driving increased employee engagement and productivity, bringing higher market value to companies, and creating positive change in local communities.”

Flexible Work Environments
While the data provided for the 2021 index is from fiscal year 2019, it shows how companies were already considering more flexible working styles. For example, 87% of companies included in the GEI provide flexible working hours, and 85% offer flexible working locations, a benefit that has become more important amidst the Covid-19 pandemic.

Closing the Gap

On average, GEI members’ boards are comprised of 29% women, and 61% have a Chief Diversity Officer or an executive with the primary responsibility of diversity & inclusion. The companies have an average of 39% of women in revenue-producing roles and more than half (52%) require a gender diverse slate of candidates for management positions.

Culture of Inclusion

On average, index member companies are hiring more women than they are losing, 69% of which have a strategy for recruiting women, and 59% conduct a global gender-based compensation review. Additionally, on average, 85% of employees returning after parental leave remain with their company with 65% of companies offering on-site lactation rooms and 46% providing childcare subsidies or other financial support.

Inclusion Beyond the Workplace

This year’s data shows that communities are benefiting from inclusive corporate policies. More than half (60%) of index member companies sponsor financial education programs for women and 64% sponsor programs dedicated to educating women in STEM.

To continue expanding the availability of ESG data, Bloomberg now provides EEO-1 data to clients via the Bloomberg Terminal. This dataset includes information on race and ethnicity demographics from U.S. companies that volunteer to disclose this information publicly as part of their reporting requirements to the Equal Employment Opportunity Commission.

The GEI’s standardized reporting framework allows investors to compare how companies around the world are investing in women in the workplace, the supply chain, and the communities in which they operate. Submitting data by using the Bloomberg gender reporting framework is voluntary and has no associated costs. The GEI is a reference index and is not for use as a financial benchmark. The index is not ranked. The firms included in this year’s index scored at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars. To learn more please visit the GEI website. Bloomberg subscribers can access the GEI at {BGEI Index DES <GO>}.

Companies included in the 2021 Bloomberg Gender-Equality Index:

2U, Inc.

A.P. Møller-Mærsk A/S

A2A S.p.A.

Aareal Bank AG

AB InBev

Accenture PLC

ACEA SpA

Adobe Inc

Advanced Micro Devices, Inc.

AF Poyry AB

Aflac Incorporated

Akbank

Aker BP ASA

Albemarle Corp

Alcoa Corporation

Algonquin Power & Utilities Corp.

ALK

Alliance Data Systems Corporation

Alliant Energy

Allianz

Alnylam Pharmaceuticals Inc

ALPHA BANK

alstria office REIT-AG

American Electric Power

American Express Co

American Water

Ameriprise Financial Inc

AMN Healthcare Services Inc

Anglo American Platinum Ltd

Anglo American PLC

AngloGold Ashanti Ltd

Annaly Capital Management

Anthem, Inc.

ARC Resources Ltd.

Aroundtown SA

Ascential plc

Assurant Inc

ASTM S.p.A.

AstraZeneca PLC

AT&T Inc

Atlantica Sustainable Infrastructure plc

AU Optronics Corp.

Automatic Data Processing Inc

Aviva PLC

AXA SA

AXIS Capital Holdings Limited

Azbil Corporation

Ball Corporation

Banco Comercial Português SA

Banco Santander SA

Bank Hapoalim B.M.

Bank of America Corp

Bank Pekao SA

Bankia SA

Barclays

Bayer AG

BB Seguridade Participacoes SA

BBVA

Becton, Dickinson and Company

Berkshire Bank

Best Buy Co Inc

BlackRock

BMO Financial Group

BNP PARIBAS

BNY Mellon

BorgWarner Inc

Boston Scientific

Box

Bradesco

Braskem SA

Bright Horizons

Burberry Group PLC

Bursa Malaysia Berhad

CAE Inc.

CAIXABANK

Campbell Soup Co

Capital One Financial Corporation

Capital Power

Cathay Financial Holdings

CBRE

Cembra Money Bank AG

Centene Corp

Challenger Ltd

China Life Insurance Co Ltd/Taiwan

Chipotle

CIA DE GÁS DE SÃO PAULO – COMGAS

CIBC

Cie de Saint-Gobain

Cisco Systems, Inc.

Citigroup Inc

City Developments Limited

Close Brothers Group PLC

Coca-Cola European Partners PLC

Coca-Cola FEMSA

Commercial International Bank

Commonwealth Bank of Australia

Core Laboratories

Cosan S.A.
Centrais Elétricas Brasileiras SA – Eletrobras

Credit Suisse

Crestwood Equity Partners

Daiwa House Industry Co Ltd

DANONE

DaVita Inc.

DBS Group Holdings Ltd

Deutsche Börse AG

Deutsche Telekom AG

Diageo PLC

DiGi.Com Bhd

DMCI Holdings, Inc.

Dominion Energy, Inc

Dow

Dr. Reddy’s Laboratories

DuPont

Ecolab Inc.

EDP

EDPR

Enagás S.A.

Enbridge

Endesa SA

ENEL

Energy Absolute

Equinor ASA

Erste Group Bank AG

Estée Lauder Companies

Etsy Inc

Euronav NV

Eversource Energy

EVERTEC Inc

Exxaro Resources Ltd

Falck Renewables spa

FERROVIAL

FinecoBank S.p.A.

First Horizon Corp

FirstEnergy

Fiserv

Fisher & Paykel Healthcare Corp Ltd

Ford Motor Company

Ford Otomotiv Sanayi AS

Galapagos

Galp

Gap Inc.

Garanti BBVA

General Motors

Genting Singapore Limited

Gilead Sciences Inc

Global Blood Therapeutics

Gold Fields Group Services (Pty) Ltd

Goldman Sachs

Grand City Properties S.A.

Grifols, S.A.

Grupo Financiero Banorte

Grupo Televisa S.A.B.

Harmony Gold Mining Co Ltd

HCL Technologies Limited

Healthpeak Properties Inc

Hellenic Telecommunications Organization SA

Hera SpA

Hess Corporation

Hewlett Packard Enterprise

Home Product Center Public Company Limited

Hong Kong Exchanges & Clearing Ltd

Horace Mann Educators Corporation

IAMGOLD CORPORATION

Iberdrola

ICL

Illumina Inc

Impala Platinum Holdings Ltd

Incitec Pivot Limited

Indra Sistemas SA

Industria de Diseno Textil SA

Infosys Ltd

ING

Ingredion Inc

Intel Corp

Interpublic Group

Intesa Sanpaolo

Intuit Inc.

Iren

Itau Unibanco Holding SA

Janus Henderson Investors

Jerónimo Martins

JLL

JPMorgan Chase & CO

Juniper Networks

Jyske Bank A/S

Kao

Kasikornbank PCL

KB Financial Group

Kering

KeyBank

Kilroy Realty Corp

Kinaxis

King’s Town Bank

L3Harris Technologies

LANXESS AG

Legal & General

Leonardo S.p.A.

Linde PLC

Lions Gate Entertainment Corp

Lloyds Banking Group PLC

L’Oréal

lululemon

Lundin Energy AB

M&G plc

Malayan Banking Berhad

Manulife

MAPFRE

Marriott International, Inc.

Marsh & McLennan Companies

Mastercard

Maxim Integrated Products, Inc.

mBank S.A.

Mediobanca Banca di Credito Finanziario SpA

Merck

MetLife, Inc

METRO AG

MFA Financial, Inc.

MGM Resorts International

Mitsubishi UFJ Financial Group, Inc.

Mizuho Financial Group

Moneta Money Bank AS

Moody’s Corporation

Morgan Stanley

Morningstar Inc

MS&AD Insurance Group Holdings, Inc.

Nasdaq

National Australia Bank

National Bank of Canada

National Bank of Greece S.A.

National Retail Properties, Inc.

Natixis

NatWest Group

Nestlé S.A.

Newmont Corporation

Nexi S.p.A.

Nexity

NH Hotel Group

nib holdings limited

Nielsen

NIKE Inc

Nine

NN Group NV

Nokia

Nomura Holdings Inc

Northern Trust Corp

Novartis

NVIDIA

Odontoprev

Old National Bank

Omega Healthcare Investors, Inc.

ON Semiconductor

Pampa Energía

Pan Pacific International Holdings Corporation (PPIH)

PayPal Holdings, Inc.

Pearson PLC

Pennon Group

Philip Morris Products S.A

Phreesia

PJSC Rostelecom

Portland General Electric

Poste Italiane SpA

Precinct Properties New Zealand Ltd

Primerica, Inc.

Principal

Procter & Gamble

Provident Financial PLC

Prudential PLC

PT Mitra Keluarga Karyasehat Tbk

QBE Insurance Group Ltd

Radian Group Inc.

Rapid7 Inc

Realty Income Corporation

RED ELÉCTRICA CORPORACIÓN

Regency Centers

Regional

RELX PLC

REN – Redes Energéticas Nacionais, SGPS, S.A.

Repsol

Robert Half

Royal Bank of Canada

RWE AG

S&P Global Inc

Sanderson Farms, Inc.

SAP SE

Scentre Group

Schneider Electric

Schroder Investment Management

Scotiabank

Sekisui House,Ltd.

Semirara Mining and Power Corporation

Sempra Energy

Seven Generations Energy

Severn Trent PLC

Shinhan Financial Group

Shinsei Bank, Limited

Sibanye Stillwater Ltd

Siemens Gamesa Renewable Energy

Signet Jewelers

Silicon Valley Bank

Singapore Exchange Limited

Singtel

Site Centers Corp

SM Investments Corporation

Snam S.p.A.

SOCIETE GENERALE

SODEXO

SSE PLC

St Barbara

Standard Chartered PLC

Standard Life Aberdeen

Stantec Inc.

State Street Corporation

STMicroelectronics

Store Capital

Sul América S.A.

Sumitomo Forestry Co., Ltd.

Sumitomo Mitsui Financial Group

Sun Life Financial

Swedbank

Swiss Re AG

Target Corp

Taylor Morrison

TC Energy

Tech Mahindra Ltd.

Teck Resources Ltd

Telefonica

Telefónica Deutschland Holding AG

Terna S.p.A.

TGS

The Carlyle Group

The Clorox Company

The Coca-Cola Company

The Hartford

The Mosaic Company

The PNC Financial Services Group

The Sumitomo Mitsui Trust Holdings

TIM Group

Toronto-Dominion Bank

TransAlta Corporation

Turkiye Vakiflar Bankasi T.A.O.

Uber Technologies Inc

UBS

Ulta Beauty

Unicharm Corporation

UniCredit Group

Unilever PLC

United Utilities Group PLC

Unum Group

UOB Group

UPM-Kymmene Oyj

Vakrangee limited

Valero Energy Corp

Ventas, Inc.

Vestas Wind Systems A/S

Vodafone Group

Voya Financial Inc

P. Carey
Walmart de México y Centroamérica

Walmart Inc

Wells Fargo & Co

Welltower Inc.

WESCO International, Inc.

Western Union

Westpac Banking Corporation

Weyerhaeuser Co

Williams-Sonoma, Inc.

Willis Towers Watson

Wipro Ltd

WNS Global Services Private Limited

WPP

WW International, Inc.

Xero

Yapı Kredi

Yuanta Financial Holding Co., Ltd.

Yum China Holdings, Inc.

Yum! Brands, Inc.

Zillow Group Inc

Zurich Insurance Group AG

Zynga Inc.

Source: Bloomberg

Related articles

  1. Deutsche Bank, Atos, Google Cloud and TechQuartier launch the third annual Female FinTech Competition.

  2. Investors have called for greater transparency about the people who lead public companies.

  3. Nigerian Exchange Limited launches Gender Gap Assessment Report.

  4. GEI tracks the performance of public companies that have demonstrated their commitment to gender equality.

  5. Corporates would disclose race, ethnicity, gender, and veteran status of board members and executives.