SM Investments Corp., DMCI Holdings Inc., and Semirara Mining and Power Corp. were among the 380 companies across 11 sectors that were included in the 2021 Bloomberg Gender-Equality Index.
The three listed companies were added to 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.
“We are pleased to be recognized again and likewise extend our appreciation to Bloomberg. We believe in upholding equal opportunities for our people that promote a better workplace,” SM Investments president and chief executive Frederic DyBuncio said.
The GEI expanded in 2021 to represent 44 countries and regions, including firms headquartered in Indonesia and Bermuda for the first time. Companies range from a variety of industries, including automotive, banking, consumer services, engineering and construction, and retail.
“We recognize the value and contributions of women across the DMCI group of companies. They occupy key positions in our board, management, and workforce. With our companies’ inclusion in the GEI, we hope to provide more women with the opportunities and support they need to reach their full potential,” said DMCI Holdings and SMPC chairman and chief executive Isidro Consunji.
The GEI brings transparency to gender-related practices and policies at publicly listed companies increasing the breadth of environmental, social, governance data available to investors. The comprehensive, transparent GEI scoring methodology allows investors to assess company performance and compare across industry peer groups.
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.
Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2021 GEI committed to providing a comprehensive look at their investment in workplace gender equality and the communities in which they operate, raising the bar of what should be expected from other companies within the same industry.
Source: Manila Standard