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Companies Take Action on Diversity and Inclusion – Bloomberg

Bloomberg has published its 2023 Gender Equality Index (GEI) report, which found that the 484 companies comprising the index were taking action on diversity and inclusion. The report showed that of the companies surveyed, 41 had a female CEO and 50 had a woman chairperson. Additionally, the average board representation of GEI member firms was 32%. Bloomberg’s GEI report centred on five pillars, which included equal pay, gender pay parity, inclusive culture and anti-sexual harassment policies. On pay parity, GEI 2023 said that the gender pay gap was 50% lower when the company was led by a woman CEO. It highlighted the communications, financials and technology sectors as leading the way on inclusive culture scores at 81%, 76% and 72% respectively. Of the 478 member companies disclosing on sexual harassment, 63% require annual anti-sexual harassment training, but 47 require all anti-sexual harassment claims be taken to private arbitration.  

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