PNC Financial Services Included in Bloomberg’s First Sector-neutral Gender-Equality Index
PNC Financial Services announced today that it is one of over 100 companies from ten sectors to join the inaugural 2018 Bloomberg Gender-Equality Index (GEI). Launched January 22, 2018, 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. PNC was listed on the 2016 BFGEI, as well.
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 represent a variety of sectors, including communications, consumer staples, energy, financials, materials and technology.
“PNC is proud to be included on Bloomberg’s Gender-Equality Index,” said Marsha Jones, PNC Executive Vice President and Chief Diversity Officer. “We know that diverse teams are high-performing teams, and we’re committed to building a corporate culture where employees feel engaged, respected and valued for who they are. When employees feel free to bring their whole selves to work, they benefit, our customers benefit and our business benefits.”
“We commend PNC 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,” said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. “Their leadership sets an important example that will help all organizations innovate and navigate the growing demand for diverse and inclusive workplaces.”
“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,” said Kiersten Barnet, Deputy Chief of Staff to the Chairman at Bloomberg. “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.”
PNC 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.
For more information, visit https://www.bloomberg.com/