Banorte has been named to the latest 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 one of 418 companies across 45 countries and regions named to 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.
“This recognition is a testament to Banorte’s commitment to foster more opportunities for talent to excel in a diverse and inclusive culture. Our work is rooted in practices advancing gender inclusion and parity in the workplace, staying competitive in the marketplace and building an environment in which differences add up,” Banorte Chairman Carlos Hank González said.
It marks the sixth consecutive year Banorte has been saluted for its performance in the index, which includes companies representing a variety of sectors, including financials, technology and utilities.
”The changing nature of work, due to the pandemic, has highlighted the importance of addressing gender equality issues in a rapidly evolving global workforce,” said Peter T. Grauer, chairman of Bloomberg and founding chairman of the U.S. 30% Club, a global campaign to increase gender diversity at board and senior management levels.
”The Bloomberg Gender Equality Index recognizes companies that are maintaining a strong focus on providing an inclusive work environment that supports the changing needs of employees and preserves competitive strengths gained through gender diversity, which is increasingly critical in this challenging business environment,” he said.
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.
Bloomberg said a record number of companies disclosed their environmental, social and governance (ESG) data using the framework, a 20% increase over the previous year, reflecting a growing commitment to gender equality and recognition.
Banorte said that during the pandemic, its ESG strategy remained at the core of the bank’s operating model. A founding member of the UN’s Principles for Responsible Banking, it has for more than 10 years pioneered best practices on social and environmental risk management in credit portfolios within the Mexican banking industry.
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.
Only 10 Mexican companies were included in the index, and Banorte was one of them.
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.