MetLife is celebrated in the Bloomberg Gender-Equality Index alongside further leading companies like Diageo, Schneider Electric, Vodafone and more

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MetLife is celebrated in Bloomberg Gender Equality Index

MetLife is celebrated in Bloomberg Gender Equality Index

Leading companies like MetLife, Diageo, Schneider Electric and Vodafone have been successfully recognized in the Bloomberg Gender-Equality Index. This important reference, the index, has recognized over 200 companies who maintain transparent gender reporting, promote women’s equality in the workplace, have a high number of executive women, and who have the best policies and benefits to drive gender inclusion.

“Promoting gender equality in the workplace is not just the right thing to do. It is also smart business,” says Michael R. Bloomberg.

Measuring and managing gender equality

The index has more than doubled in size from 2018 and includes companies from 10 sectors based across 36 countries and regions.

MetLife provided information on how they promote gender equality across company statistics, policies, community engagement, and products and services - and scored above a certain threshold to earn a place on the index.

“As the investment community places greater value on gender equality, the Bloomberg GEI identifies the companies that excel at driving inclusion,” said Kiersten Barnet, Manager of the Bloomberg GEI.

“We are encouraged by the growth of the index within the past year, which demonstrates that across the world, more organizations are prioritizing transparency and equality in the workplace.”

Inclusion on the index also indicates that companies like MetLife, Diageo, Schneider Electric and Vodafone -  in addition to promoting gender equality - are willing to be transparent about their efforts.

“Greater transparency around workplace inclusion helps firms demonstrate accountability to their employees, investors and communities,” said Peter T. Grauer, Chairman of Bloomberg.

“Bloomberg's standardized gender reporting framework serves as an underlying tool to guide disclosure, allowing companies to measure and manage gender equality across all their operations and businesses. It also provides these leading organizations an opportunity to inspire each other and develop best practices.”

Insights on workplace equality

Data gathered from the index reveals interesting insights about gender equality in the workplace:

  • Women had a 40% increase in executive level positions between fiscal years 2014-2017.
  • 60% of firms conduct compensation reviews to identify gender-based variations in pay to close their average 20% pay gap (18% on average in the Americas, Europe, Africa and Middle East regions and 26% in Asia-Pacific)
  • 34% have programs in place to recruit women looking to return to work after a career break
  • For U.S. employees, the average number of weeks of fully paid primary leave offered is 13 weeks, and the average number of weeks of fully paid secondary leave offered is 5 weeks
  • 43% of firms cover gender reassignment services in health insurance plans
  • 68% of firms evaluate all advertising and marketing content for gender biases prior to publication

Prestigious recognition for gender equality efforts

MetLife, Diageo, Schneider Electric and Vodafone were all delighted about the news on their inclusion on the index and the prestigious recognition for their promotion of gender equality in the workplace.

“Our diversity and inclusion philosophy aims to provide equal opportunities to everyone everywhere, and ensure that all our employees feel uniquely valued and safe to contribute their best. The Bloomberg Gender-Equality Index gives us an opportunity to be evaluated among the best performers, while serving as a barometer for our efforts as a gender-equal employer. Our inclusion in the index strengthens our resolve to create an inclusive culture where all forms of diversity are valued," said Olivier Blum, Chief Human Resources Officer and Executive Vice President at Schneider Electric.

"We’ve been recognised in the 2019 Bloomberg Gender-Equality Index and are officially one of the top companies globally leading the way towards more equal, inclusive workplaces," tweeted Vodafone.

Mairead Nayagar, Chief Human Resources Officer for Diageo, said: “We firmly believe that inclusive and diverse businesses perform better. To date we’ve made strong strides to promote gender balance within our business where currently 40% of our Executive Committee are women and we have targets for our global senior leadership team to be 40% female by 2025."

“We also strive to empower women throughout our value chain and, in 2018 alone, our community programmes reached over 164,000 women," she continued. “I am therefore delighted that Diageo has been included in this year’s Bloomberg Gender-Equality Index. This is welcome recognition and we have a clear ambition to achieve more.”

Join talented women at MetLife, Diageo, Schneider Electric and Vodafone

MetLife, Diageo, Schneider Electric and Vodafone are all committed to promoting gender equality in the workplace and providing their female employees access to a range of fantastic career opportunities. If you want to join a Prime Employer for Women, check out MetLife's job vacancies or forge a career with further leading companies like Diageo, Schneider Electric and Vodafone.

Find out more

Disclosure: Where Women Work researches and publishes insightful evidence about how its paid member organizations support women's equality.

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