GEI data reveals female-led companies have more women in other top roles, and that companies are increasingly focusing on attracting – and retaining – female customers.
New York, January 21, 2020 – Today Bloomberg announced that 325 companies headquartered across 42 countries and regions are included in the 2020 Bloomberg Gender-Equality Index (GEI), up from the 230 companies across 36 countries and regions in last year’s index. The GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency.
“Year over year, Bloomberg’s gender reporting framework continues to expand the universe of environmental, social and governance (ESG) data available to investors globally by providing more in-depth metrics from a broad range of public companies across 50 industries,” said Peter T. Grauer, Chairman of Bloomberg. “This level of transparency into how companies are tackling gender equality in the workplace and their local communities is fueling financial decision-making around the world, and is supporting the business case for an inclusive corporate environment.”
For the first time, firms headquartered in the Czech Republic, New Zealand, Norway, the Philippines, Poland and Russia are reporting gender-related data. Bloomberg expanded the types of metrics included in the GEI framework this year, with companies reporting on information such as the likelihood a woman will remain employed at the firm following parental leave (82%), the availability of on-site lactation rooms (69%), and sponsorship of STEM education programs for women (64%). Firms included in the index have a combined market capitalization of USD12 trillion, up from USD9 trillion last year.
“For Santander, publicly disclosing our data through the Bloomberg Gender-Equality Index is an important discipline not only in evaluating our internal practices, but also in helping us understand how we are performing relative to our peers,” said Ana Botín, Executive Chairman of Santander. “Our continued inclusion in the index underscores Santander’s ongoing commitment to providing an inclusive environment for all our employees and also to supporting gender equality in our communities.”
Change Begins at the Top
According to the findings from this year’s index, companies led by a female CEO reported having more women in senior management positions than companies with a male CEO. Female-led organizations also had more women in the top 10% of compensation than male-led firms, and more women in revenue-producing roles.
Further, the 64% of firms that have a Chief Diversity Officer (CDO) were more likely to have D&I goals included in senior management performance reviews (59% compared to 20% of firms without a CDO). Firms with a CDO were also more likely to require a diverse slate of candidates for management positions (67% compared to 31% of firms without a CDO).
Focus on the Female Customer
Not only did the 2020 GEI show that companies are focusing on attracting a gender-diverse customer set, but more are evaluating advertising and marketing materials for gender bias than in previous years. Of the companies included in the index, 78% evaluate their marketing materials for bias, up from 68% last year. Further, nearly half (46%) of the firms measure retention of female customers, and 57% track customer satisfaction by gender where applicable.
Companies Reporting Public Targets
For the first time this year, the GEI framework tracked which companies were going public with their goals to close the gender gap. Specifically, 39% of firms in the GEI have public targets to increase female leadership, while 16% have announced public plans on how they plan to close the pay wage gap.
“While there is still a long way to go for gender parity in the workplace, public disclosure of gender-related data enables companies to share best practices and further their industry’s approach to diversity and inclusion,” said Lorraine Hariton, President & CEO of Catalyst, a nonprofit that works towards progress for women at work. “The Bloomberg Gender-Equality Index is leading the way in disclosure in this area, helping to drive change from the top down at some of the world’s largest employers.”
The GEI measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. 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.
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. To learn more please visit the GEI website. Bloomberg subscribers can access the GEI at {BGEI Index DES <GO>}.
Companies included in the 2020 Bloomberg Gender-Equality Index
- 2U, Inc.
- Aareal Bank AG
- Accenture
- ACEA S.p.A.
- Adobe
- ADP
- Advanced Micro Devices, Inc.
- ÅF Pöyry
- Aflac
- Aggreko
- AIA Group Limited
- Albemarle Corporation
- Alcoa Corporation
- Algonquin Power & Utilities Corp.
- Alliance Data Systems Corporation
- Alliant Energy
- Allianz
- Alpha Bank
- alstria office REIT-AG
- American Electric Power
- American Express
- American Water Works Co. Inc.
- Ameriprise Financial, Inc.
- AMN Healthcare Services, Inc.
- Anglo American Platinum Limited
- AngloGold Ashanti
- Annaly Capital Management, Inc.
- Anthem, Inc.
- A.P. Møller – Mærsk A/S
- Aroundtown S.A.
- Ascential PLC
- AstraZeneca
- AT&T
- AU Optronics
- Aurora Cannabis Inc.
- Autodesk Inc.
- Aviva PLC
- Avon Products Inc.
- AXA Group
- Banco Comercial Português, S.A.
- Banco Santander
- Bank of America
- Bank Polska Kasa Opieki S.A.
- Bankia S.A.
- Barclays
- Bayer AG
- BB Seguros
- BBVA
- Becton Dickinson & Co.
- Berkshire Bank
- Best Buy Co., Inc.
- BMO Financial Group
- BNP Paribas
- BNY Mellon
- BorgWarner Inc.
- Boston Scientific
- Box Inc.
- Bradesco
- Bright Horizons
- BURSA MALAYSIA BERHAD
- CAE
- CaixaBank
- Campbell Soup Company
- Canadian Imperial Bank of Commerce
- Capital One Financial Corporation
- Cargotec Corporation
- CBRE
- Centene Corporation
- Challenger Limited
- China Life Insurance Co., Ltd.
- Chipotle Mexican Grill
- Cie de Saint-Gobain
- Citigroup, Inc.
- City Developments Limited
- The Coca-Cola Company
- Coca-Cola FEMSA
- Commercial International Bank, Egypt (CIB)
- Commonwealth Bank of Australia
- Core Laboratories
- Credit Suisse
- Daiwa House Industry Co. Ltd.
- Danone
- Danske Bank A/S
- DBS Ltd.
- Deutsche Börse AG
- Deutsche Post DHL Group
- Deutsche Telekom AG
- Diageo PLC
- DKSH
- Dr Reddy’s Laboratories
- DuPont
- Ecolab Inc.
- EDPR
- Elisa
- Enagás S.A.
- Enbridge
- Endesa S.A.
- Enel S.p.A.
- EQUINOR ASA
- Erste Group Bank AG
- Estée Lauder Companies
- Etsy
- EURONAV NV
- Eversource Energy
- Evertec
- Exxaro Resources Ltd.
- FERROVIAL
- Fifth Third Bancorp
- First Data (now part of Fiserv, Inc.)
- First Horizon National Corp.
- First Pacific Company Ltd.
- FirstEnergy Corporation
- Fisher & Paykel Healthcare Corporation Limited
- Ford Motor Company
- Franklin Templeton
- Galapagos
- Galp Energia SGPS S.A.
- Gap Inc.
- General Motors
- Gold Fields
- Goldman Sachs
- Grand City Properties S.A.
- Grupo Financiero Banorte
- Grupo Televisa, S.A.B.
- Harmony Gold Mining Company Limited
- The Hartford
- Healthpeak Properties Inc.
- Hellenic Telecommunications Organization
- Hera S.p.A.
- Hess Corporation
- Hewlett Packard Enterprise
- Hong Kong Exchanges and Clearing Limited
- Horace Mann
- HSBC Holdings PLC
- Humana Inc.
- IAMGOLD Corporation
- Iberdrola
- ICL – Israel Chemicals Ltd.
- Illumina, Inc.
- Impala Platinum Holdings Limited
- Incitec Pivot Limited
- INDITEX
- Indra
- ING
- Ingredion Inc.
- Intel Corporation
- International Game Technology PLC
- The Interpublic Group
- Intesa Sanpaolo
- Intuit
- Itaú Unibanco Holding S.A.
- Janus Henderson Group PLC
- Jones Lang LaSalle
- JPMorgan Chase & Co.
- Jyske Bank Group
- Kao Corporation
- KASIKORNBANK PUBLIC COMPANY LIMITED
- KB Financial Group
- Kering
- KeyCorp
- Kilroy Realty Corporation
- Kinaxis
- Kumba Iron Ore
- L3Harris Technologies Inc.
- Legal & General Group PLC
- LendingClub
- Lenovo
- Lions Gate Entertainment
- Lloyds Banking Group
- L’Oréal
- lululemon athletica Inc.
- Lundin Petroleum
- Malayan Banking Berhad
- Manulife Financial Corporation
- Marriott International
- Marsh & McLennan Companies
- Mastercard
- Maxim Integrated Products, Inc.
- Mediobanca
- Merck and Co., Inc.
- MetLife, Inc.
- MFA Financial, Inc.
- Mitsubishi UFJ Financial Group, Inc.
- Mizuho Financial Group, Inc.
- MONETA Money Bank, a.s.
- Moody’s Corporation
- Morgan Stanley
- Morningstar, Inc.
- MS&AD Insurance Group Holdings, Inc.
- National Australia Bank
- National Bank of Canada
- National Bank of Greece
- Natixis S.A.
- Nestlé S.A.
- NetEase, Inc.
- Newmont Goldcorp Corporation
- NEXITY
- NH Hotel Group
- nib holdings limited
- Nielsen
- Nine Entertainment Co. Holdings Ltd.
- NiSource Inc.
- NN Group
- Nokia
- Nomura Holdings, Inc.
- Nordea Bank Abp
- Northern Trust Corp.
- Norwegian Finans Holding ASA
- Novartis
- NTT DOCOMO, Inc.
- Nuance Communications, Inc.
- NVIDIA
- Odontoprev S.A.
- Old National Bank
- Omega Healthcare Investors, Inc.
- ON Semiconductor
- Pampa Energía
- Pan Pacific International Holdings Corp.
- Parex Resources Inc.
- PayPal
- Pearson
- Pennon Group
- Pitney Bowes Inc.
- The PNC Financial Services Group
- Portland General Electric
- Poste Italiane
- Praxair, Inc.
- Precinct Properties NZ Limited
- Primerica, Inc.
- Procter & Gamble
- Publicis Groupe
- QBE Insurance Group Limited
- Radian Group Inc.
- Rapid7
- RBC Royal Bank
- Regional S.A. de CV.
- RELX Group
- REPSOL
- Robert Half International
- ROBINSONS LAND CORPORATION
- PJSC Rostelecom
- Royal Bank of Scotland Group PLC
- RWE AG
- S&P Global
- Sanderson Farms, Inc.
- SAP
- Sberbank
- Scentre Group
- Schneider Electric
- Scholastic Corp.
- Schroders
- Scotiabank
- Sempra Energy
- Seven Generations Energy Ltd.
- Severn Trent
- Shinhan Financial Group
- Shinsei Bank
- Sibanye-Stillwater
- Siemens Gamesa Renewable Energy, S.A.
- Signet Jewelers Ltd.
- Silicon Valley Bank
- Singapore Exchange Limited
- Singtel
- Site Centers
- SM Investments Corporation
- Snam S.p.A.
- SOCIETE GENERALE
- SODEXO
- Spin Master
- SSE PLC
- Standard Chartered
- Standard Life Aberdeen
- Stantec
- State Street Corporation
- STMicroelectronics
- Sumitomo Mitsui Financial Group
- Sumitomo Mitsui Trust Holdings
- Sun Life
- Swedbank AB
- Swiss Re
- Taylor Morrison Home Corporation
- TC Energy Corporation
- TD Bank
- TechMahindra Private Ltd.
- Teck Resources Limited
- Telefónica, S.A.
- Telefónica Deutschland Holding AG
- Telia Company
- Terna S.p.A.
- TietoEVRY
- TransAlta Corporation
- Türkiye Garanti Bankası A.Ş.
- Türkiye Vakıflar Bankası T.A.O.
- Uber Technologies Inc.
- UBI Banca S.p.A.
- UBS
- UniCredit Group
- Unilever
- United Overseas Bank Limited
- Unum Group
- UPM-Kymmene Oyj
- Valero Energy Corporation
- Ventas
- Visa Inc.
- Vodafone Group
- Voya Financial
- Walmart, Inc.
- Walmart de México y Centroamérica
- Wells Fargo & Company
- Welltower Inc.
- WESCO International
- Western Union
- Westpac Banking Corporation
- Weyerhaeuser
- Willis Towers Watson
- Wipro Ltd.
- WPP
- Wright Medical Group N.V.
- WW International, Inc.
- Xero Limited
- Yuanta Financial Holding Co., Ltd.
- Yum China
- Zillow
- Zurich Insurance Company Ltd.
- Zynga Inc