Invest in a more equal future 2 020 - Bloomberg LP

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Invest in a more equal future 2 020 - Bloomberg LP
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Invest in a more equal future.
2020 Bloomberg Gender-Equality Index

Message from Peter T. Grauer

About the Framework

2020 GEI Highlights

About the Index

2020 GEI Companies
Message from Peter T. Grauer

At Bloomberg, we bring transparency           gender-related data, signaling the truly
to the markets. That’s why we created         global nature of this important issue.
the Bloomberg Gender-Equality Index           The continued growth of the GEI further
(GEI): to offer investors visibility into a   underscores the investor demand for this
previously opaque area of environmental,      type of ESG data.
social and governance (ESG) reporting
                                              Gender diversity is a business imperative.
from public companies. Since we launched
                                              For companies, a commitment to
the GEI, we have seen gender reporting
                                              gender inclusion creates a supportive
evolve from simple disclosures of the
                                              work environment, which, in turn,
number of female board members
                                              fosters increased productivity and
to more in-depth metrics like the
                                              collaboration between employees with
percentage of female promotions
                                              different backgrounds and perspectives.
and the likelihood of women returning
                                              Ultimately, this sparks innovation and
to their firm after parental leave.
                                              drives better business performance.
The 2020 Index represents 325 global
                                              I’d like to thank all of the companies that
companies spanning 50 industries,
                                              have disclosed their gender-related data
headquartered across 42 countries
                                              and are thereby helping us expand the
and regions. I’m proud to see that
                                              ESG data universe to increase market
the Index has expanded this year —
                                              transparency and efficiency.
up from 230 companies last year —
especially in terms of its geographic         Sincerely,
reach. For the first time, firms based in
countries including the Czech Republic,
New Zealand, Norway, the Philippines,
Poland, and Russia are reporting              Peter T. Grauer, Chairman
About the
Framework
In today’s environment, it’s never
been more critical for a company
to be able to demonstrate how it is
advancing women in the workplace,
the value of its products and its
impact on society.
Bloomberg’s gender reporting
framework is an international
standardized reporting and
disclosure method for workplace
gender data. At no cost, it arms
companies with a blueprint for
measuring how they promote
gender equality across five
dimensions: female leadership
and talent pipeline, equal pay
and gender pay parity, inclusive
culture, sexual harassment policies,
and pro-women brand.
Through disclosure of gender-related
metrics, the firms included in
the 2020 GEI have provided
a comprehensive look at their
investment in workplace gender
equality and communities in which
they operate.
The following pages comprise
highlights from the 2020 GEI,
based on gender data disclosed
by firms included in the 2020 index
for fiscal year 2018.
2020 GEI Highlights

Section 1
Female Leadership and Talent Pipeline

                    Female Representation by Level
             Women represent    43% of the total workforce and:

44% of new hires                             6% of CEOs
37% of middle management                     28% of corporate board seats
27% of senior management                     44% of promotions
19% of executives                            28% of top 10% compensated employees

Employer Diversity Goals                     Turnover
64% have a Chief Diversity Officer           42% of employees that left the company
                                             were women
71% have a targeted recruiting
strategy for women                           82% retention rate for both female
                                             and male employees
39% have public targets to increase
female leadership

             “I’m focused on                              “Diversity is all
      advancing gender equality                       about the pipeline.
   because it’s right, it’s necessary,                   And it’s not just
    it’s a business imperative and                  about gender, but about
         it’s my responsibility.”                    all forms of diversity.”

            David Solomon                                  Mary Barra
            Chairman & CEO                               Chairman & CEO
            Goldman Sachs                                General Motors

    “We’re in a war for customers, a war for service, a war for talent all the time.
              How could we possibly expect to win if we’re limiting
                    our pool of talent to half the population?”

                                     Bill Winters
                                     Group CEO
                                 Standard Chartered
Section 2
Equal Pay and Gender Pay Parity

Equal Pay                                Gender Pay Gap
61% of companies conduct equal           19% median gender pay gap
pay reviews
                                         23% mean gender pay gap
27% of companies report their global     16% of companies have public action
pay gap metrics in corporate reports
                                         plans to close their gender pay gaps

                                              “In our role as job creators,
  “Nurturing a diverse and inclusive
                                                    we can promote
    workforce makes us a stronger,
                                               equal opportunities when
      more resilient business. By
                                             it comes to issues like salary
   embracing diverse perspectives,
                                                and working conditions.
   we are able to ideate, innovate,
                                            And, by disclosing our impacts,
    and serve our customers more
                                             we help make the good fight
             effectively”
                                                   more transparent.”
              Josh SIlverman
                                                  Guilherme Loureiro
                   CEO
                                                    President & CEO
                   Etsy
                                           Walmart de México y Centroamérica

     “If you’re going to be the best place for teammates to work, you want
    them to feel that. They feel that by the traditional measures — pay, and
         pay-for-performance, and promotions — and by having a diverse
           and inclusive workplace, and a benefits package that allows
        them to live their life and be successful at work at the same time.”

                                Brian Moynihan
                                Chairman & CEO
                                Bank of America
2020 GEI Highlights

Section 3
Inclusive Culture

Company Paid Parental Leave                       Company Paid Parental Leave
(Global average*)                                 (U.S. average)
9 weeks for primary caregiver                     10 weeks of primary caregiver leave
at any location                                   offered and 8 weeks of leave used

3 weeks for secondary caregiver                   4 weeks of secondary caregiver leave
at any location                                   offered and 3 weeks of leave used
*Based on companies that disclosed their global
 minimum for paid parental leave
                                                  Manage Accountability
                                                  80% conduct surveys on employee
Family and Health Benefits
                                                  engagement
69% provide designated on-site
lactation rooms                                   75% have employee resource groups
                                                  for women
51% provide adoption assistance
                                                  54% require gender-diverse slates
44% cover fertility services                      for all management roles

23% cover egg freezing                            45% include Diversity and Inclusion
                                                  goals in senior management
52% cover contraception                           performance reviews
39% cover gender reassignment                     57% train managers on unconscious bias

Family Care
49% provide child care subsidy                       “The willingness to give time off
or back-up child care services                         and make it easy for women
                                                    to come back without any stigma
36% provide elder care subsidy                          — that is very important.”
or back-up elder care services
                                                               Piyush Gupta
88% offer flexible work schedules
                                                                   CEO
82% offer flexible work locations                                DBS Bank
Section 4
Sexual Harassment Policies

                          Policies and Training

81% have a public anti-sexual              63% utilize an independent investigator
harassment policy                          for sexual harassment claims

1 year is average frequency for sexual
harassment training

   “Gender equality is fundamental
    to our People First philosophy,             “The more that companies
       which is centered around                  can be transparent about
           Fair, Care and Pride.                   their commitment to
   We strive to create a workplace              diversity and inclusion and
            that encourages all                  women in the workforce,
     of our employees to succeed,                the better off we’ll all be,
         irrespective of gender.                  and the more progress
   Our people are key to the future                     we’ll make.”
        success of our business.”
                                                         Tim Sloan
                Joey Wat                            Chairman & CEO
                  CEO                             Wells Fargo & Company
               Yum China

         “Data is very critical for us to know that we are making progress
      in gender equality and diversity because we need to be sure we can
   measure the things that we’re trying to improve. It also gives us the ability
    to report back to our team members, board of directors and investors —
     who I’m proud to say all care about this issue and ask about progress.”

                                  Susan Salka
                        Chairman & CEO, AMN Healthcare
2020 GEI Highlights

Section 5
Support for Women in the Community

Advertising                                     Labor Force Participation
78% evaluate all advertising and                33% have formal programs to recruit
marketing content for gender biases             women aspiring to return to work after
prior to publication                            a career break

Customers                                       Education
70% track customer base by gender*              60% conduct or sponsor financial
                                                education programs for women
57% track customer satisfaction
by gender*                                      46% conduct or sponsor women’s
                                                health education programs
47% measure the retention
of female customers*                            64% conduct or sponsor STEM
                                                education programs
55% allocate resources to acquire
and retain female clients*
                                                Public Support
53% provide financial products
specifically to women-owned businesses*         64% donate to a non-profit
                                                organization with the primary mission
31% track repayment rates by gender*            of advocating for gender equality
                                                in the workplace
Products and Vendors                            25% are signatories to the
                                                UN Women’s Empowerment Principals
59% have products targeted towards
women to help to achieve gender equality*       49% are signatories to the
                                                UN Global Compact
48% have a supplier diversity program
that includes women-owned businesses

*Where applicable based on corporate business
model and/or industry                                    “If you don’t reflect
                                                   your communities, if you don’t
                                                  reflect the customers you serve,
                                                  you’re not going to be optimizing
                                                    your business performance.”

                                                             Susan Story
                                                           President & CEO
                                                           American Water
About the
Index
Investors are waking up to the
power of women.
The Bloomberg Terminal is the
only place investors can find
comprehensive, comparable
information for individual data
points related to gender equality
at publicly-held companies.
In addition to making this
data available on a company’s
investment profile, Bloomberg
developed an index to track
the financial performance of
those companies committed
to supporting gender equality
through policy development,
representation, and transparency.
As investor demand for ESG
products increases, the Index
represents an important
opportunity for companies to
attract new capital and widen
their investor base.
2020 GEI Companies                    Berkshire Bank
                                      Best Buy Co., Inc.
The 2020 Bloomberg Gender-Equality    BNP Paribas
                                      BorgWarner Inc.
Index includes 325 companies across
                                      Boston Scientific
50 industries headquartered in        Box Inc.
42 countries and regions.             Bright Horizons
                                      BURSA MALAYSIA BERHAD
                                      CAE
2U, Inc.                              CaixaBank
A.P. Møller - Mærsk A/S               Campbell Soup Company
Aareal Bank AG                        Canadian Imperial Bank of Commerce
Accenture                             Capital One Financial Corporation
ACEA S.p.A.                           Cargotec Corporation
Adobe                                 CBRE
ADP                                   Centene Corporation
Advanced Micro Devices, Inc.          Challenger Limited
ÅF Pöyry                              China Life Insurance Co., Ltd.
Aflac                                 Chipotle Mexican Grill
Aggreko                               Cie de Saint-Gobain
AIA Group Limited                     Citigroup, Inc.
Albemarle Corporation                 City Developments Limited
Alcoa Corporation                     The Coca-Cola Company
Algonquin Power & Utilities Corp.     Coca-Cola FEMSA
Alliance Data Systems Corporation     Commercial International Bank, Egypt (CIB)
Alliant Energy                        Commonwealth Bank of Australia
Allianz                               Core Laboratories
Alpha Bank                            Credit Suisse
alstria office REIT-AG                Daiwa House Industry Co. Ltd.
American Electric Power               Danone
American Express                      Danske Bank A/S
American Water Works Co. Inc.         DBS Ltd.
Ameriprise Financial, Inc.            Deutsche Börse AG
AMN Healthcare Services, Inc.         Deutsche Post DHL Group
Anglo American Platinum Limited       Deutsche Telekom AG
AngloGold Ashanti                     Diageo PLC
Annaly Capital Management, Inc.       DKSH
Anthem, Inc.                          Dr Reddy’s Laboratories
Aroundtown S.A.                       DuPont
Ascential PLC                         Ecolab Inc.
AstraZeneca                           EDPR
AT&T                                  Elisa
AU Optronics                          Enagás S.A.
Aurora Cannabis Inc.                  Enbridge
Autodesk Inc.                         Endesa S.A.
Aviva PLC                             Enel S.p.A.
Avon Products Inc.                    EQUINOR ASA
AXA Group                             Erste Group Bank AG
BBVA                                  Estée Lauder Companies
Bradesco                              Etsy
Banco Comercial Português, S.A.       EURONAV NV
Banco Santander                       Eversource Energy
Bank of America                       Evertec
BMO Financial Group                   Exxaro Resources Ltd.
Bank Polska Kasa Opieki S.A.          FERROVIAL
Bankia S.A.                           Fifth Third Bancorp
Barclays                              First Data
Bayer AG                              First Horizon National Corp.
BB Seguros                            First Pacific Company Ltd.
Becton Dickinson & Co.                FirstEnergy Corporation
Fisher & Paykel Healthcare Corporation Limited   Malayan Banking Berhad
Ford Motor Company                               Manulife Financial Corporation
Franklin Templeton                               Marriott International
Galapagos                                        Marsh & McLennan Companies
Galp Energia SGPS S.A.                           Mastercard
Gap Inc.                                         Maxim Integrated Products, Inc.
General Motors                                   Mediobanca
Gold Fields                                      Merck and Co., Inc.
Goldman Sachs                                    MetLife, Inc.
Grand City Properties S.A.                       MFA Financial, Inc.
Grupo Financiero Banorte                         Mitsubishi UFJ Financial Group, Inc.
Grupo Televisa, S.A.B.                           Mizuho Financial Group, Inc.
Harmony Gold Mining Company Limited              MONETA Money Bank, a.s.
The Hartford                                     Moody’s Corporation
Healthpeak Properties Inc.                       Morgan Stanley
Hellenic Telecommunications Organization         Morningstar, Inc.
Hera S.p.A.                                      MS&AD Insurance Group Holdings, Inc.
Hess Corporation                                 National Australia Bank
Hewlett Packard Enterprise                       National Bank of Canada
Hong Kong Exchanges and Clearing Limited         National Bank of Greece
Horace Mann                                      Natixis S.A.
HSBC Holdings PLC                                Nestlé S.A.
Humana Inc.                                      NetEase, Inc.
IAMGOLD Corporation                              Newmont Corp
Iberdrola                                        NEXITY
Illumina, Inc.                                   NH Hotel Group
Impala Platinum Holdings Limited                 nib holdings limited
Incitec Pivot Limited                            Nielsen
Indra                                            Nine Entertainment Co. Holdings Ltd.
INDITEX                                          NiSource Inc.
ING                                              NN Group
Ingredion Inc.                                   Nokia
Intel Corporation                                Nomura Holdings, Inc.
International Game Technology PLC                Nordea Bank Abp
The Interpublic Group                            Northern Trust Corp.
Intesa Sanpaolo                                  Norwegian Finans Holding ASA
Intuit                                           Novartis
ICL - Israel Chemicals Ltd.                      NTT DOCOMO, Inc.
Itaú Unibanco Holding S.A.                       Nuance Communications, Inc.
Janus Henderson Group PLC                        NVIDIA
Jones Lang LaSalle                               Odontoprev S.A.
JPMorgan Chase & Co.                             Old National Bank
Jyske Bank Group                                 Omega Healthcare Investors, Inc.
Kao Corporation                                  ON Semiconductor
KASIKORNBANK PUBLIC COMPANY LIMITED              Pampa Energía
KB Financial Group                               Pan Pacific International Holdings Corp.
Kering                                           Parex Resources Inc.
KeyCorp                                          PayPal
Kilroy Realty Corporation                        Pearson
Kinaxis                                          Pennon Group
Kumba Iron Ore                                   Pitney Bowes Inc.
L3Harris Technologies Inc.                       The PNC Financial Services Group
Legal & General Group PLC                        Portland General Electric
LendingClub                                      Poste Italiane
Lenovo                                           Praxair, Inc.
Lions Gate Entertainment                         Precinct Properties NZ Limited
Lloyds Banking Group                             Primerica, Inc.
L’Oréal                                          Procter & Gamble
lululemon athletica Inc.                         Publicis Groupe
Lundin Petroleum                                 QBE Insurance Group Limited
Radian Group Inc.                       Türkiye Garanti Bankası A.Ş.
Rapid7                                  Turkiye Vakiflar Bankasi T.A.O.
Regional S.A. de CV.                    Uber Technologies Inc.
RELX Group                              UBS
REPSOL                                  UniCredit Group
Robert Half International               Unilever
ROBINSONS LAND CORPORATION              UBI Banca S.p.A.
PJSC Rostelecom                         United Overseas Bank Limited
RBC Royal Bank                          Unum Group
Royal Bank of Scotland Group PLC        UPM-Kymmene Oyj
RWE AG                                  Valero Energy Corporation
S&P Global                              Vestas
Sanderson Farms, Inc.                   Visa Inc.
SAP                                     Vodafone Group
Sberbank                                Voya Financial
Scentre Group                           Walmart de México y Centroamérica
Schneider Electric                      Walmart, Inc.
Scholastic Corp.                        Wells Fargo & Company
Schroders                               Welltower Inc.
Sempra Energy                           WESCO International
Seven Generations Energy Ltd.           Western Union
Severn Trent                            Westpac Banking Corporation
Shinhan Financial Group                 Weyerhaeuser
Shinsei Bank                            Willis Towers Watson
Sibanye-Stillwater                      Wipro Ltd.
Siemens Gamesa Renewable Energy, S.A.   WPP
Signet Jewelers Ltd.                    Wright Medical Group N.V.
Singapore Exchange Limited              WW International, Inc.
Singtel                                 Xero Limited
Site Centers                            Yuanta Financial Holding Co., Ltd.
SM Investments Corporation              Yum China
Snam S.p.A.                             Zillow
SOCIETE GENERALE                        Zurich Insurance Company Ltd.
SODEXO                                  Zynga Inc.
Spin Master
SSE PLC
Standard Chartered
Standard Life Aberdeen
Stantec
State Street Corporation
STMicroelectronics
Sumitomo Mitsui Financial Group
Sumitomo Mitsui Trust Holdings
Sun Life
Silicon Valley Bank
Swedbank AB
Swiss Re
Taylor Morrison Home Corporation
TC Energy Corporation
TechMahindra Private Ltd.
Teck Resources Limited
Telefónica Deutschland Holding AG
TELEFONICA
Telia Company
Terna S.p.A.
BNY Mellon
Scotiabank
Tieto
TD Bank
TransAlta Corporation
Contact us
If you are interested in
more information or would
like to submit data on
behalf of your company,
please email:
GEI@bloomberg.net
bloomberg.com/GEI
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