Bloomberg’s 2020 Gender-Equality Index Expands to Include 325 Public Companies Globally
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 <GO>}.
Companies included in the 2020 Bloomberg Gender-Equality Index
2U, Inc.
A.P. Møller - Mærsk A/S
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.
Aroundtown S.A.
Ascential PLC
AstraZeneca
AT&T
AU Optronics
Aurora Cannabis Inc.
Autodesk Inc.
Aviva PLC
Avon Products Inc.
AXA Group
BBVA
Bradesco
Banco Comercial Português, S.A.
Banco Santander
Bank of America
BMO Financial Group
Bank Polska Kasa Opieki S.A.
Bankia S.A.
Barclays
Bayer AG
BB Seguros
Becton Dickinson & Co.
Berkshire Bank
Best Buy Co., Inc.
BNP Paribas
BorgWarner Inc.
Boston Scientific
Box Inc.
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
Illumina, Inc.
Impala Platinum Holdings Limited
Incitec Pivot Limited
Indra
INDITEX
ING
Ingredion Inc.
Intel Corporation
International Game Technology PLC
The Interpublic Group
Intesa Sanpaolo
Intuit
ICL - Israel Chemicals Ltd.
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
Regional S.A. de CV.
RELX Group
REPSOL
Robert Half International
ROBINSONS LAND CORPORATION
PJSC Rostelecom
RBC Royal Bank
Royal Bank of Scotland Group PLC
RWE AG
S&P Global
Sanderson Farms, Inc.
SAP
Sberbank
Scentre Group
Schneider Electric
Scholastic Corp.
Schroders
Sempra Energy
Seven Generations Energy Ltd.
Severn Trent
Shinhan Financial Group
Shinsei Bank
Sibanye-Stillwater
Siemens Gamesa Renewable Energy, S.A.
Signet Jewelers Ltd.
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
Silicon Valley Bank
Swedbank AB
Swiss Re
Taylor Morrison Home Corporation
TC Energy Corporation
TechMahindra Private Ltd.
Teck Resources Limited
Telefónica Deutschland Holding AG
Telefónica Telia Company
Terna S.p.A.
BNY Mellon
Scotiabank
Tieto
TD Bank
TransAlta Corporation
Türkiye Garanti Bankası A.Ş.
Türkiye Vakıflar Bankası T.A.O.
Uber Technologies Inc.
UBS
UniCredit Group
Unilever
UBI Banca S.p.A.
United Overseas Bank Limited
Unum Group
UPM-Kymmene Oyj
Valero Energy Corporation
Vestas
Visa Inc.
Vodafone Group
Voya Financial
Walmart de México y Centroamérica
Walmart, Inc.
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.
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