Nine New Jersey-based companies have been named to the 2020 Bloomberg Gender-Equality Index, which recognizes firms committed to supporting gender equality through policy, representation and transparency.
The GEI, which tracks the financial performance of companies committed to gender equality, is based on five scoring metrics, including female leadership and talent pipeline; equal pay and gender pay parity; inclusive culture, sexual harassment policies; and pro-women brand.
“Gender diversity is a business imperative. For companies, a commitment to gender inclusion creates a supportive work environment, which, in turn, fosters increased productivity and collaboration between employees with different backgrounds and perspectives. Ultimately, this sparks innovation and drives better business performance,” Peter T. Grauer, chairman of Bloomberg, said.
The New Jersey companies on the list include:
- ADP, Roseland;
- Bayer AG (U.S.), Whippany;
- Becton Dickinson, Franklin Lakes;
- Campbell Soup Co., Camden;
- Dr. Reddy’s Laboratories (U.S.), Princeton;
- Merck, Kenilworth;
- Novartis (U.S.), East Hanover;
- TD Bank, Cherry Hill;
- Unilever (U.S.), Englewood Cliffs.
“We are honored to be included again in the Bloomberg Gender-Equality Index in recognition of our commitment to gender equality across our organization,” Xavier Boza, Campbell’s executive vice president and chief human resources officer, said. “Building an inclusive and diverse organization is a key component of Campbell’s business strategy. Our continuing commitment to creating an inclusive culture benefits our people, our shareholders, our customers and our consumers.”
The third annual index includes 325 companies spanning 50 industries headquartered across 42 countries, Bloomberg said.
“The 325 companies included in the 2020 GEI have shown their commitment to transparency and demonstrated leadership in gender-related data reporting,” Grauer said. “Disclosure of company statistics and practices is an important first step in supporting gender equality globally.”