Severn Trent has announced that it is one of 325 companies across 50 industries included in the 2020 Bloomberg Gender-Equality Index (GEI).
The GEI tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency.
The reference index 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. This year, Bloomberg expanded the eligibility for inclusion in the index to nearly 6,000 companies across 84 countries and regions.
Liv Garfield, Severn Trent Chief Executive, said: “It’s wonderful news that we’ve been included in what is a worldwide index that looks at thousands of companies. The fact that we’ve been named as one of the top companies just shows our commitment to gender equality which is all part of our move to becoming a more socially purposeful company.”
The 2019 GEI included 230 companies headquartered across 36 countries and regions.
"The 325 companies included in the 2020 GEI have shown their commitment to transparency and demonstrated leadership in gender-related data reporting," said Peter T. Grauer, Chairman of Bloomberg. "Disclosure of company statistics and practices is an important first step in supporting gender equality globally."
Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2020 GEI have provided a comprehensive look at their investment in workplace gender equality and the communities in which they operate. Severn Trent was included in this year’s index for scoring 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.
Both the framework and the GEI are voluntary and have no associated costs.
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