2018 bloomberg gender-equality index - sse...

12
2018 Bloomberg Gender-Equality Index

Upload: lamtu

Post on 19-Jul-2018

219 views

Category:

Documents


0 download

TRANSCRIPT

2018 Bloomberg Gender-Equality Index

2

“We are encouraged by the signifi cant expansion of this year’s index, and by the leadership each of our member fi rms has demonstrated. Their commitmentsto building diverse and inclusive work environments are setting new standards around the globe and raising awareness around the challenges all of our organizations face.”

Peter T. GrauerChairman of Bloomberg and Founding Chairman of the U.S. 30% Club

3

Message fromMichael R. Bloomberg

At Bloomberg, we arm investors with industry-leading market data and analysis. Doing that requires us to continually identify – and bring clarity to – opaque areas of the market, including environmental, social, and governance (ESG) information.

Investors increasingly turn to these areas to evaluate reputation, value, and performance. For some time, we have worked to capture this type of data for the benefi t of our clients and the marketplace, and we are always looking for better ways to do that.

One area that has been especially lacking in transparency is gender equality. Evidence continues to show that gender-equality policies and practices can benefi t a company’s productivity, decision making, ability to attract and retain talent, and its fi nancial performance. Yet there is a lack of available data that organizations and investors can draw upon to assess the gender-equality performance.

We set out to change that when we launched the Bloomberg Financial Services Gender-Equality Index (BFGEI). The Index is a fi rst-of-its-kind performance barometer for the industry. Rather than relying exclusively on limited public data, we ask companies directly about the policies and practices they are undertaking and the goals they are setting and achieving. The data they provide helps investors make smart decisions.

Of course, the challenges related to achieving gender equality are not unique to the fi nancial services industry. To broaden our reach, in 2018 we launched a Gender-Equality Index to provide fi rms across industries and the globe an opportunity to disclose and showcase their eff orts in working toward gender equality. Today, the GEI is comprised of over 100 fi rms headquartered in 24 countries and regions that have demonstrated their commitment to both transparency and workplace equality. The Index provides investors with comparative information on gender equality at a time when increasing attention is paid to the business impact of such policies and practices.

Sincerely,

Michael R. Bloomberg

4

About the index Bloomberg Gender-Equality Index (GEI)

Special thanks to our third-party advisors for their valuable insights and guidance.

TransparencyBloomberg is dedicated to increasing data transparency and seeks to showcase additional environmental, social and governance (ESG) data as a means of promoting awareness, particularly where the data relates to gender equality.

OverviewThe Bloomberg Gender-Equality Index (GEI) is a Bloomberg-created reference index that measures gender equality. The index considers internal company statistics, employee policies, external community support and engagement, and gender-conscious product off erings. Bloomberg designed the Bloomberg GEI to reward fi rms for disclosure as well as to showcase fi rms that have made strong commitments to gender equality.

In 2016, Bloomberg launched the Bloomberg Financial Services Gender-Equality Index (BFGEI). In response to demand from investors, companies and other stakeholders, the new GEI is sector-neutral. Bloomberg will continue to refresh and rebalance the BFGEI in addition to the new sector-neutral GEI on an annual basis.

PurposeInvestors and companies increasingly rely on environmental, social, governance and other information to evaluate reputation, value and performance. The Bloomberg GEI arms managers and investors alike with more comparative information across the gender-equality space.

The index encourages disclosure and provides greater market transparency, as well as raises awareness of gender-related issues. To help us and our clients understand the most pertinent social and governance challenges facing companies, Bloomberg solicited and received advice from multiple organizations and experts.

Brand Guidelines

August , 2015

5

BloombergBloomberg, the global business and fi nancial information and news leader, gives infl uential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength — delivering data, news and analytics through innovative technology, quickly and accurately — is at the core of the Bloomberg Terminal®. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more effi ciently and eff ectively. For more information, visit Bloomberg.com/company.

CollaborationThe Bloomberg GEI creates a shared platform for executives, investors, shareholders, policy makers and others to identify and discuss social challenges and to measure the business impact of gender-equal policies and practices.

MethodologyThe Bloomberg GEI comprises a global universe of companies from all sectors that are included in the Bloomberg ESG coverage universe with a market capitalization of USD 1B or greater and that have at least one security trading on a U.S. exchange. Companies that earn a Bloomberg Gender-Equality Index score at or above a globally established threshold will be included as an annual member of the index on a Bloomberg GEI-score normalized market capitalization basis.

6

2018 GEI Members The 2018 Bloomberg Gender-Equality Index is comprised of 104 companies across all sectors.

Accenture

AIA Group

Allianz

American Express

AMN Healthcare Services

Annaly Capital Management

ANZ

AT&T

AU Optronics

AXA

Banco Santander

Banco Santander Chile

Bank of America

Bank of Montreal

Bank of Queensland

Barclays

BB Seguridade Participações

BBVA

BNP Paribas Bank

BNY Mellon

CA Technologies

CIBC

Citigroup

City Developments Limited

Clorox

Core Laboratories

CVS Health

Daiwa Securities

DaVita

DBS

Deutsche Post

Deutsche Telekom

Diageo

Dominion Energy

Dr. Reddy’s Laboratories

DuPont

Estée Lauder

Euronav

Fifth Third Bank

First Data

First Horizon

Fortescue Metals Group

Franklin Resources

Gap Inc.

GoDaddy

Grupo Financiero Banorte

The Hartford

Iberdrola

ING

Ingredion

Intesa Sanpaolo

Itaú Unibanco

7

JPMorgan Chase & Co.

Kering

Leidos

Lions Gate Entertainment

L’Oréal

Maybank

Mastercard

MetLife

Mitsubishi UFJ Financial

Mizuho Financial

Morgan Stanley

MS&AD Insurance

National Australia Bank

National Bank of Greece

Nidec

NiSource

Nordea Bank

Northern Trust

NTT DOCOMO

NVIDIA

Old National Bank

PNC Financial Services Group

Praxair

Prudential

QBE Insurance

Recruit Holdings

Rogers Communications

RBC

RBS

Schneider Electric

Scholastic

Scotiabank

Sodexo

SSE

Standard Chartered

STMicroelectronics

Sun Life Financial

Swedbank

Teck Resources

Telefónica

TD Bank

TransCanada

Türkiye Garanti Bankası

UBS

Visa

Voya Financial

Walmart de México

Westpac

Weyerhaeuser

Yum!

Zillow

Zurich Insurance

8

How GEI members address gender issues around the globeThe 2018 GEI represents companies headquartered in 24 countries and regions.

Data compiled by Bloomberg from the Bloomberg Gender-Equality Index Survey

80% of Americas-based GEI members off er elder care support for employees caring for family members

74% of Europe-based GEI members conduct compensation reviews to identify gender-based variations in pay; 32% disclose their pay gap statistics in public fi lings

9

84% of Asia-Pacifi c-based GEI members provide return-to-work programs for women; 100% off er fl exible work schedules for employees

10

Women in GEI member firms

Data compiled by Bloomberg from the Bloomberg Gender-Equality Index Survey

* Data compiled by Bloomberg from public filings

2018 GEI members

Hire a third-party independent investigator to evaluate all sexual harassment allegations made by employees

Evaluate all advertising and marketing content for gender biases prior to publication

Are signatories to or members of organizations advocating for gender equality

21% 67% 65%

Comprise 46% of the workforce on average

Earned 46% of promotions in 2016

Have a 26.2% representation on boards, compared to an average of 12.7% in the ESG universe of coverage*

Hold 26% of senior leadership positions and 19% of executive officer roles

Had a 33.5% increase in executive level positions from fiscal year 2014 to 2016*

11

Contact us

If you are interested in more information or would like to submit a survey on behalf of your company, please email: [email protected]

Media inquiries: [email protected]

bloomberg.com/professional/solution/sustainable-finance/