Bloomberg Gender-Equality Index Interest Increases Globally

Companies rush to participate before the September 30 deadline

WEBWIRE



The number and diversity of companies that have applied to be included in the 2023 Bloomberg Gender-Equality Index (GEI) has risen sharply ahead of the September 30 deadline, Bloomberg announced today.


Publicly traded companies voluntarily participate in the GEI, which analyses the performance of their diversity and equality policies compared to their peers. The 2022 GEI listing included 418 companies from 11 different sectors in 45 countries. This year, Bloomberg is already seeing an increase in participants and the amount of details being disclosed over last year.


GEI data so far shows:

  • the number of accounts registered has risen 40% in the U.S., 39% in Europe, Middle East & Africa, 18% in Asia Pacific and three percent in Latin America
  • new country participants include Colombia, Peru, Uruguay, and Pakistan
  • while financial companies have traditionally led the list, now companies in the aerospace, pharmaceutical and technology sectors are participating

“We are gratified to see so many more companies use the GEI to identify and strengthen their policies regarding equal pay and gender pay parity,” said Patricia Torres, Global Head of Bloomberg’s Sustainable Finance Solutions, which includes the GEI. “This transparency helps companies attract employees and gives investors the data they need to make decisions.”


The GEI evaluates companies on five key pillars:

  1. Leadership and Talent Pipeline
  2. Equal pay and gender pay parity
  3. Inclusive Culture
  4. Anti-Sexual Harassment Policies
  5. External Brand

For the 2023 evaluation, companies asked that Bloomberg add two other areas for exploration — LGBTQ+, race and ethnicity. Disclosure of this data will begin in the US and UK markets; these questions are optional and will not be scored.


Companies participate voluntarily at no cost via the Bloomberg GEI website. The deadline for submission to the 2023 GEI is September 30, 2022. After submitting data, Bloomberg’s GEI team analyses the data and provides the company a scorecard based on the methodology. The team will review the results with the companies, so they know how they were scored and why, prior to the announcement of the GEI results in January 2023.


“Companies can also use the GEI as an internal worksheet,” Torres added. “They can go online, without obligation, and see what the methodology entails. This is helpful in enhancing their gender-equality programs.”


The Bloomberg GEI team held a webinar recently to explain the index and show companies how to participate. The webinar can be replayed via this link.


About the GEI

The standardised GEI reporting framework allows investors to compare how companies around the world are investing in women in the workplace, supply chain and communities in which they operate. Submitting data through Bloomberg’s gender reporting framework is voluntary and has no associated cost. The GEI is a benchmark index and is not used as a financial benchmark. The index is not ranked. Companies included in this year’s index scored at or above an overall value set by Bloomberg to reflect a high level of disclosure and overall performance across the five pillars of the framework. To learn more, visit the GEI website. Bloomberg subscribers can access the GEI at {BGEI Index DES -GO-}.

Bloomberg Debuts Family of Brazil Factor Focus Indices

New benchmarks to view momentum, quality and value within the Brazilian investable universe

WEBWIRE



Bloomberg announced the debut of its first family of factor focus indices for Brazilian equities. The indices will give Brazilian asset managers and bankers new benchmarks on momentum, quality and value factors.


The Bloomberg Brazil Factor Focus family of indices include the Bloomberg Brazil Momentum Focus Index, the Bloomberg Brazil Quality Focus Index and the Bloomberg Brazil Value Focus Index. These indices are designed to represent the performance of companies that exhibit high factor exposures within the Brazilian investible universe. They are constructed from a combined and weighted basis of factor-specific descriptors.


Bloomberg’s Factor indices can be used to create new investment tools such as exchange traded funds.  Brazil is seeing a surge of ETF creation with more than 70 ETFs now listed on the exchange Brasil, Bolsa, Balcão (B3) this year.


“The Bloomberg  Factor Indices come at a time when institutional and individual investors are looking for new passive investing ideas that are diverse,  have lower portfolio expenses, and are transparent,” said “Geraldo Coelho, Bloomberg’s Business Executive for Latin America, who is based in Sao Paulo.


Dave Gedeon, Global Head of Multi-Asset Indices at Bloomberg, said, “The Bloomberg Equity Indices are a complete family that can be leveraged for the creation of new and innovative benchmarks to meet the evolving demands of investors.  Leveraging Bloomberg’s global footprint across indices and research has resulted in a new factor family specific for the Brazilian market.”


Bloomberg’s New Brazil Factor Focus Indices will be available to anyone at no cost at Bloomberg.com, including index value and some return metrics.


About Bloomberg Index Services Limited

Bloomberg’s index team has a proven track record in creating industry-standard and bespoke indices across asset classes, including market-leading fixed income and commodity indices. Bloomberg Index Services Limited (BISL) takes an innovative approach to delivering strategic benchmarks that help market participants address their evolving needs. As an integral part of Bloomberg, BISL has access to an unparalleled breadth of trusted data and reliable technology for calculations, analytics and workflow automation, along with distribution capabilities that can help amplify the visibility of our customers’ products.


About Bloomberg

Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: utilizing technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit Bloomberg.com/company or request a demo.

CUNY Teams with Bloomberg LP, Centerbridge and Goldman Sachs to Launch ‘CUNY Futures in Finance’

has approximately $31 billion in capital under management with offices in New York and London. Centerbridge is dedicated to partnering with world-class management teams across targeted industry sectors and geographies.

About Goldman Sachs

The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services across investment banking, securities, investment management and consumer banking to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.