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2 0 20 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, ChairmanAbout 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 CharteredSection 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,
“I fundamentally believe in
we can promote
equal pay for equal work.
equal opportunities when
That’s one of those simple things.
it comes to issues like salary
You do the same work,
and working conditions.
you should be paid the same thing.
And, by disclosing our impacts,
How could anyone
we help make the good fight
not believe in that?”
more transparent.”
Jan Zijderveld
Guilherme Loureiro
CEO
President & CEO
Avon Products
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 America2020 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, DBS Bank
82% offer flexible work locationsSection 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 Healthcare2020 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 WaterAbout 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 CorporationFisher & 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 Ventas 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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