SAP SE (NYSE: SAP) announced that it is one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality.
The index doubled in size from 2018 and includes firms from 10 sectors headquartered across 36 countries and regions. Collectively, these firms have a combined market capitalization of US$9 trillion and employ more than 15 million people, of which 7 million are women, around the world. Thirteen markets are represented for the first time this year and include Argentina, China, Israel and South Africa.
Gender equality is a core company value for SAP and a strategic priority for its comprehensive diversity and inclusion efforts. In June 2017, SAP met its board-level goal of having 25 percent of management positions filled by women globally, with a continued commitment to increasing this number each year by 1 percent, to reach 30 percent by 2022. This recognition from Bloomberg follows SAP’s recertification of the Economic Dividends for Gender Equality (EDGE) global standard in October 2018, which also recognized its strategic commitment to creating a gender-equal workplace that benefits employees, customers and partners.
Bloomberg’s standardized reporting framework offers public companies the opportunity to disclose information on how they promote gender equality across four separate areas — company statistics, policies, community engagement and products and services. Reporting companies that score above a globally established threshold, based on the extent of disclosures and the achievement of best-in-class statistics and policies, are included in the GEI. Demand for products and services using environmental, social and governance data has seen a significant increase over the last years, as a growing number of investors are looking to incorporate environmental, social and governance data into their investment decisions. Still, currently only 10 percent of eligible companies are disclosing their workplace gender policies and practices.
“We applaud SAP and the other 229 firms tracked by the index for their action to measure gender equality through the Bloomberg GEI framework,” said Peter T. Grauer, chairman of Bloomberg and founding chairman of the U.S. 30% Club. “SAP’s GEI inclusion is a strong indicator to its employees, investors and industry peers alike that it is leading by example to advance ongoing efforts for a truly inclusive workplace.”
For more information on the GEI and to see the full list of companies included, read the Bloomberg press release: Bloomberg Gender-Equality Index Doubles in Size, Recognizing 230 Companies Committed to Advancing Women in the Workplace.