The annual Bloomberg Gender-Equality Index (GEI) recognizes companies all over the globe that have shown a strong commitment to advancing women in the workplace. For 2020’s list, Bloomberg expanded eligibility to include 84 countries, reaching almost 6,000 companies as part of their effort to address gender inequality.
The list itself evaluates eligible candidates on five key pillars of equality: pro-women brand, sexual harassment policies, inclusive culture, gender pay parity, and their female leadership and talent pipelines. With these criteria, Voya Financial found a place on Bloomberg’s GEI every year it has been eligible, having scored at or above the global threshold for high overall performance and disclosure in every pillar.
Among this mass of hopefuls, Voya Financial, Inc. once again received a place on the index.
“We are proud to again be recognized on the Bloomberg Gender-Equality Index, which reinforces our unwavering commitment to fostering a culture of inclusion,” said Voya Financial CEO and Chairman Rodney O. Martin, Jr in a press statement. “Voya’s longstanding dedication to creating a diverse and inclusive workforce is a business priority and a key enabler to the success of our company.”
Although companies such as Voya are included in the 2020 index, there is no ranking. Bloomberg conducts its evaluations based on disclosed gender-related metrics through their GEI framework. Any public company is free to disclose their metrics to Bloomberg in this way, only those with $1 billion market capitalizations or greater have eligibility for the index.
Bloomberg Gender-Equality Index is not alone in tracking the progress of women in the workforce as seen in a study by ADP Research Institute that studied gender wage inequality, while Accenture studied innovation and workplace diversity.
