Filipino conglomerate SM Group ranked in Bloomberg Gender-Equality Index

SMIC ranks in the Bloomberg GEI for the second time.

Filipino conglomerate SM Group has been ranked in the Bloomberg Gender-Equality Index (GEI) for the second time.

SM Investments Corporation (SMIC) was once again listed as one of the 380 companies across 11 sectors included in the 2021 Bloomberg GEI.

SMIC, which was counted in the same index in 2020, 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.

“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,” SMIC President/ Chief Executive Officer Frederic C. 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.

The GEI brings transparency to gender-related practices and policies at publicly listed companies increasing the breadth of environmental, social, governance (ESG) 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.

The 2020 GEI included 325 companies headquartered across 42 countries and regions.

“The companies included in the 2021 GEI are expanding the ESG data universe to include gender-related data that investors are demanding today,” said Peter T. Grauer, Chairman of Bloomberg. “Their commitment to disclosure is making the business case for inclusion, and driving transparency in the markets.”

Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2021 GEI have committed to provide 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.

SM was also named among Asia’s Top Community Care Companies for 2020 and also topped the Institutional Investor Corporate Awards in Southeast Asia.

Source: Good News Pilipinas