Banorte has once again been named in the Bloomberg Gender-Equality Index (GEI), which recognizes companies’ gender-related practices that help increase the quality of environmental, social and governance data to investors.
Banorte was one of 484 companies across 45 countries and regions named in the GEI, a modified market capitalization-weighted index that measures gender equality across five pillars: female leadership and talent pipeline; equal pay and gender pay parity; inclusive culture; anti-sexual harassment policies; and pro-women brand.
“Gender inclusion practices not only creates a culture of equity and inclusion for our people, but it also provides a more diverse and dynamic pool of talent for Banorte,” Banorte Chairman Carlos Hank González said. “This is why it is important to continually identify and provide equal opportunities to the various groups within our employees.”
This marks the seventh consecutive year Banorte has been recognized for its performance in the index, which includes companies across 54 industries, including financials, technology, utilities, diversified industrial, leisure products and steel.
“The overarching drive towards equality is evident with the continual increase of global participation from companies,” said Peter T. Grauer, chairman of Bloomberg. “The Bloomberg Gender-Equality Index remains an important resource for companies to identify any gaps and provides actionable steps to further reshape the future of work.”
Bloomberg cites leadership involvement when integrating diversity and inclusion policies and training within businesses as an important driver for success in achieving gender equality.
“We cannot underscore the importance of leadership enough when looking to improve gender equality in the workplace,” said Patricia Torres, global head of Bloomberg Sustainable Finance Solutions at Bloomberg. “Change can only be driven when diversity and inclusion are part of executive performance metrics.”
Banorte submitted a social survey created by Bloomberg, in collaboration with subject matter experts globally. Those included on the index scored at or above a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.
According to Bloomberg, the number of companies that disclosed their environmental, social and governance (ESG) data using the framework increased 11% over the previous year, and the disclosure for exploratory questions averaged at 92%, demonstrating collective interest in extending beyond gender inclusion metrics.
Bloomberg said the ability to measure, analyze and track data over time is essential for companies as they develop and implement approaches to diversity and inclusion. The GEI findings highlight the breadth and depth of data incorporated into that GEI calculation and illustrates the impact that concerted gender equality efforts can have in the workplace.
Both the survey and the GEI are voluntary and have no associated costs. Bloomberg collected this data for reference purposes only. The index is not ranked.