A global standard for measuring gender-equality measures and policies
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. The reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.
“The companies included in the 2021 GEI are expanding the ESG data universe to include gender-related data that investors are demanding today,” said Peter T. Grauer, Chairman of Bloomberg. “Their commitment to disclosure is making the business case for inclusion, and driving transparency in the markets.”
Gender equality: a key element of the inclusive principles on which Erste was founded
Erste Group defines diversity and inclusion as an integral part of its corporate strategy and states this commitment clearly in its Statement of Purpose and its Code of Conduct. The Vienna-headquartered banking group actively promotes a work environment free of discrimination and harassment and values the work and worth of each and every person regardless of gender, age, disability, marital status, sexual orientation, skin colour, religious or political affiliation, ethnic background, nationality or any other aspect unrelated to their employment.
Erste Group has implemented a variety of initiatives to support the development of female leadership. Across the Group, over 40% of managerial positions are currently held by women. Focal areas for 2021 and beyond are to further increase the number of women in top executive positions and the development of the internal female talent and succession pipeline in all markets. In Austria, the Erste Women’s Hub employee resource group has continued key initiatives such as the promotion of female financial literacy and virtual networking formats and has developed new fora of exchange for parents who – given the environment created by the current pandemic – often feel challenged when reconciliating their home office and home schooling responsibilities.