ELC named to Bloomberg Gender-Equality Index (GEI) for the fifth consecutive year
WEBWIRE – Wednesday, January 26, 2022
The Estée Lauder Companies (ELC) is proud to announce that it has been named to the 2022 Bloomberg Gender-Equality Index (GEI) for the fifth year in a row. ELC continues to improve its index score, underscoring the companys fundamental values of respect and inclusion, and its collective commitment to driving action and advocacy both at ELC and across industries.
The Estée Lauder Companies is one of 418 companies across 45 countries and regions to join the 2022 Bloomberg Gender-Equality Index, a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting. This reference index 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.
We are honored to be included in the Bloomberg Gender-Equality Index in recognition of our leadership in womens advancement. At ELC, we firmly believe it is our responsibility and our privilege to use our resources and platform to expand gender equality and equity around the world, said Sara E. Moss, Vice Chairman, The Estée Lauder Companies. As a company founded by a woman, with a global workforce of 82% women and over 55% of women at leadership levels, we are committed to collectively and transparently advancing the conversation, to continue to progress and take actions to achieve gender equality.
The Estée Lauder Companies submitted a social survey created by Bloomberg, in collaboration with subject matter experts globally. Those included on this years 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.
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.
This announcement follows similar recognition of ELCs commitments by numerous organizations, including: Glassdoors 2022 List of Best Places to Work, Forbes 2021 Americas Best Employers for Diversity, and 100 Best Companies by Seramount in 2021.
About the Bloomberg Gender-Equality Index
The Bloomberg Gender-Equality Index (GEI) and the Bloomberg Gender Reporting Framework provide a unique opportunity for companies to assess their progress towards parity, benchmark against peers and highlight their commitment to gender equality. Bloomberg includes publicly traded companies on the GEI if they meet the universe criteria and have a GEI score above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across five dimensions: female leadership & talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand. The Bloomberg gender reporting framework is voluntary and has no associated costs. The GEI is a reference index. Learn more by visiting, https://www.bloomberg.com/gei.