Bloomberg recently revealed that 380 companies headquartered across 44 countries and regions made the list for the 2021 Bloomberg Gender-Equality Index (GEI).

According to a press release, this included firms domiciled in Indonesia and Bermuda that are reporting gender-related data for the first time.

Peter T. Grauer, Chairman of Bloomberg, noted: "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."

Flexible work environments

  • 87% of companies included in the GEI provide flexible working hours.
  • 85% offer flexible working locations, a benefit that has become more important amidst the Covid-19 pandemic.

Closing the gap

  • GEI members’ boards are comprised of 29% women.
  • 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.
  • 52% of them require a gender diverse slate of candidates for management positions.

Culture of inclusion

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

To top it off, the data revealed that communities are also benefiting from inclusive corporate policies. For instance, 60% of index member companies sponsor financial education programs for women and 64% sponsor programs dedicated to educating women in STEM.

Companies in the 2021 Bloomberg Gender-Equality Index include:

  1. Accenture PLC
  2. Adobe Inc
  3. Advanced Micro Devices, Inc.
  4. Allianz
  5. American Express Co
  6. Aviva PLC
  7. AXA SA
  8. Bank of America Corp
  9. Barclays
  10. Bayer AG
  11. BNP PARIBAS
  12. BNY Mellon
  13. Burberry Group PLC
  14. Bursa Malaysia Berhad
  15. Campbell Soup Co
  16. CBRE
  17. Citigroup Inc
  18. City Developments Limited
  19. Credit Suisse
  20. DANONE
  21. DBS Group Holdings Ltd
  22. Diageo PLC
  23. DiGi.Com Bhd
  24. Dow
  25. DuPont
  26. Estée Lauder Companies
  27. Ford Motor Company
  28. General Motors
  29. Genting Singapore Limited
  30. Hewlett Packard Enterprise
  31. ING
  32. Intel Corp
  33. JLL
  34. JPMorgan Chase & CO
  35. Kao
  36. Kering
  37. Linde PLC
  38. L’Oréal
  39. lululemon
  40. Malayan Banking Berhad
  41. Manulife
  42. Marriott International, Inc.
  43. Marsh & McLennan Companies
  44. Mastercard
  45. Merck
  46. Mitsubishi UFJ Financial Group, Inc.
  47. Mizuho Financial Group
  48. NatWest Group
  49. Nestlé S.A.
  50. Nielsen
  51. NIKE Inc
  52. Nokia
  53. Nomura Holdings Inc
  54. Novartis
  55. NVIDIA
  56. Pan Pacific International Holdings Corporation (PPIH)
  57. PayPal Holdings, Inc.
  58. Philip Morris Products S.A
  59. Procter & Gamble
  60. Prudential PLC
  61. PT Mitra Keluarga Karyasehat Tbk
  62. QBE Insurance Group Ltd
  63. Robert Half
  64. S&P Global Inc
  65. SAP SE
  66. Schneider Electric
  67. Schroder Investment Management
  68. Semirara Mining and Power Corporation
  69. Siemens Gamesa Renewable Energy
  70. Singapore Exchange Limited
  71. Singtel
  72. SOCIETE GENERALE
  73. SODEXO
  74. Standard Chartered PLC
  75. Standard Life Aberdeen
  76. Sumitomo Mitsui Financial Group
  77. Swiss Re AG
  78. The Coca-Cola Company
  79. UBS
  80. Unilever PLC
  81. UOB Group
  82. Vodafone Group
  83. Western Union
  84. Willis Towers Watson
  85. Wipro Ltd
  86. WPP
  87. Xero
  88. Yum! Brands, Inc.
  89. Zurich Insurance Group AG
  90. Zynga Inc.

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. 

“As we continue to grapple with the pandemic, we’ve seen companies put increased emphasis on the ‘S’ in ESG,” said Grauer. 

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.

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.

“As businesses strive to maintain strong corporate cultures in today’s virtual world, business leaders have the opportunity to drive progress on gender equality for years to come,” said Patricia Torres, Global Head of 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.”

Photo / 123RF

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