Submitted by General Motors
General Motors has once again been named one of 325 companies across 50 industries in the 2020 Bloomberg Gender-Equality Index. The GEI represents 42 countries and regions from a variety of industries, including automotive, banking, consumer services, retail, engineering and construction.
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:
1. Female leadership and talent pipeline
2. Equal pay and gender pay parity
3. Inclusive culture
4. Sexual harassment policies
5. Pro-women brand
For 2020, Bloomberg expanded the eligibility for the index to nearly 6,000 companies across 84 countries and regions. The 2019 GEI referenced 230 companies headquartered across 36 countries and regions. GM was previously published in the 2019 GEI.
"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. GM 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. The GEI is a reference index and is not for use as a financial benchmark. The index is not ranked. While all public companies are encouraged to disclose supplemental gender data for their company’s investment profile on the Bloomberg Terminal, those that have a market capitalization of USD1 billion are eligible for inclusion in the index. To learn more please visit the GEI website.
To learn more about GM's approach to gender equality and all its efforts to foster an inclusive environment, access our latest Sustainability and Diversity and Inclusion reports.
General Motors Corp. (NYSE: GM), the world's largest automaker, has been the global industry sales leader for 75 years. Founded in 1908, GM today employs about 327,000 people around the world. With global headquarters in Detroit, GM manufactures its cars and trucks in 33 countries. In 2005, 9.17 million GM cars and trucks were sold globally under the following brands: Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn and Vauxhall.
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