MUFG today announced that it is one of over 100 companies from ten sectors to join the inaugural 2018 Bloomberg Gender-Equality Index (GEI). Launched today, the reference index measures gender equality across internal company statistics, employee policies, external community support and engagement, and gender-conscious product offerings.
The sector-neutral Bloomberg GEI follows the release of the Bloomberg Financial Services Gender-Equality Index (BFGEI), launched in 2016. The 2017 BFGEI included 52 financial firms including MUFG, headquartered in 17 countries.
Jessamy McGregor, Head of Inclusion and Diversity at MUFG in EMEA said:
“I am delighted that MUFG has once again been recognised for its efforts to support women in the workplace. The last twelve months have been monumental in ensuring we are truly committed to supporting diversity in the workplace, with many initiatives, including the signing of the HM Treasury Women in Finance Charter well underway."
The 2018 GEI expands globally to represent 24 countries, including firms headquartered in Belgium, Chile, Greece, Ireland, Italy, Singapore and Taiwan for the first time. Companies range from a variety of sectors, including communications, consumer staples, energy, financials, materials and technology.
Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club added:
"We commend MUFG and the other 103 companies included in the 2018 GEI for their efforts to create work environments that support gender equality across a diverse range of industries. Their leadership sets an important example that will help all organizations innovate and navigate the growing demand for diverse and inclusive workplaces."
Kiersten Barnet, Deputy Chief of Staff to the Chairman at Bloomberg, said:
"As investors continue to seek more information on companies' approaches to environmental, social and governance (ESG) factors, the 2018 Bloomberg Gender-Equality Index allows investors to compare companies' commitments to gender equality across industries. More data and greater transparency in this space will allow investors to make better-informed decisions and help companies better understand their own progress towards gender equality."
MUFG submitted a social survey created by Bloomberg in partnership with third-party experts, including Women's World Banking, Catalyst, and Working Mother Media. Those included on this year's 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. For more information on the GEI and how to submit information for next year's index visit Bloomberg Professional Services.