Bloomberg Gender-Equality Index 2021
Ecolab have been included in Bloomberg’s Gender-Equality Index for a second consecutive year.
The company was one of 380 from 11 different business sectors to be named in this year’s Gender Equality Index (GEI) which tracks the financial performance of public companies that support gender equality through policy development, representation and transparency.
In 2021, the GEI (www.bloomberg.com/gei) was extended to include organisations headquartered in 44 countries (including Indonesia and Bermuda for the ver first time), with a variety of industries represented – from automotive, banking and consumer services to engineering and construction, and retail. The GEI brings transparency to gender-related practices and policies at publicly listed companies, increasing the breadth of environmental, social, governance (ESG) data available to investors. The comprehensive, transparent GEI scoring methodology allows investors to assess company performance and compare across industry peer groups.
Candidate companies are assessed using five pillars; namely, female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. Ecolab has made strides in all of these areas, scoring high for its work in creating a more inclusive culture – including the addition of paid parental leave, coverage for adoption services and fertility treatments, the company’s flex work program and the robust growth of its global employee resource group dedicated to the advancement of women.
Ecolab CEO, Christophe Beck, comments: “As a global company addressing some of the world’s most formidable challenges, we believe that gender diversity, equity and an inclusive culture create the foundation for better, more innovative solutions.
“We know that when all of our associates feel that they belong and can grow, we in turn will grow and achieve our goals. The progress we have made inspires us to continue challenging ourselves to do more.”
The company has announced targets for diversity, equity and inclusion (DEI). These include increasing management-level gender diversity to 35% by 2030 with the goal of gender parity, as well as maintaining gender pay equity in the United States and expanding it globally.
Recently, Ecolab launched a “Day of Understanding” series of town hall discussions and listening circles designed to address challenging DEI topics and develop strategies for addressing them. The next such meeting is planned 27 January 2021 and will focus exclusively on the experiences of women at work, with an emphasis on building allyship and inclusion.