Schneider Electric’s continuing commitment to gender equality is marked by the 2022 Bloomberg Gender-Equality Index (GEI) for a fifth consecutive year.
Schneider Electric is one of 418 companies across 45 countries and regions to join the 2022 Bloomberg GEI, which measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand.
Committed to bridging the gender pay gap
Schneider Electric scored above the overall GEI average, with its highest score in the equal pay and gender pay parity category, where the company scored significantly higher than the global GEI average score. Schneider’s Global Pay Equity Framework identifies gender pay gaps within comparable groups of employees and ensures consistency, fairness, and greater transparency. Schneider is committed to reaching <1% pay gap for women and men by 2025.
The results are a part of the company’s wider sustainability strategy and 2025 sustainability goals which include targets to boost female representation from new hires to senior leaders, and reflects Schneider Electric’s continuous commitment to drive positive change and provide equal opportunities for everyone
Forging an inclusive working environment
The Bloomberg GEI tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation, and transparency. Bloomberg’s GEI index is a modified market capitalization-weighted index that tracks the performance of public companies committed to transparency in gender-data.
“Companies that provide an inclusive environment supporting work/life balance and flexible work arrangements will eventually succeed in retaining a talented workforce and gain a competitive advantage in a business environment that has been significantly altered, possibly forever," says Peter T. Grauer, Bloomberg Chairman.
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Disclosure: Where Women Work researches and publishes insightful evidence about how its paid member organizations support women's equality.