Groundbreaking Report by Equileap Ranks General Motors No. 2 U.S. Company on Gender Equality
Equileap assessed companies in the S&P 100 Index on 21 criteria including access to healthcare:
- General Motors is the only leading US company with no gender pay gap.
- No company achieves gender balance at all levels - board, executive, management, workforce.
- A vast majority (71 percent) of US companies now have an anti-sexual harassment policy in place.
NEW YORK & SAN FRANCISCO, February 22, 2019 /3BL Media/ - Equileap, a global organization seeking to accelerate gender equality in the workplace, has ranked the largest companies in the United States in terms of commitment to gender equality. General Motors ranked second in gender equality among companies in the S&P 100 Index and was the only leading U.S. company with no overall gender pay gap (less than 3 percent).
The special report, Gender Equality in the U.S.: Assessing 100 leading companies on workplace equality including healthcare benefits, is a world-first measuring companies based on 21 criteria, including employee access to comprehensive healthcare.
Diana van Maasdijk, CEO at Equileap, explained: “The US is the only developed country in the world not to guarantee women paid maternity leave nor universal healthcare. Therefore, employees are highly reliant on companies offering them a healthcare plan. Ensuring both female and male employees have access to healthcare, including family planning and reproductive health, is an important part of achieving gender equality in the workplace.”
“It’s a great honor to earn further recognition for our gender equality efforts here in the U.S., especially as third-party organizations break new ground on measurement providing deeper analysis of workplace equality in America’s leading companies,” said Ken Barrett, global chief diversity officer, General Motors. “General Motors is focused on building a winning culture--one that provides opportunity and an environment that allows each employee to reach his/her highest potential. We understand that we win together as one team and share the responsibility of helping GM shape the future of mobility.”
EQUILEAP’S TOP 10 RANKING ON GENDER EQUALITY INCLUDING HEALTHCARE PLANS:
2. General Motors
3. Bank of America
4. Johnson & Johnson
5. JPMorgan Chase
Equileap’s research shows that companies are making progress in having a gender-balanced workforce but have a lot to do in terms of bringing gender balance to senior levels of the company. GM is one of only four companies with a gender-balanced board at the time of the study, along with Starbucks, Wells Fargo and ConocoPhillips.
Equal pay & gender pay parity
- You can’t change what you can’t measure: only one company in the S&P 100 published information related to its gender pay gap or gender pay parity.
- General Motors scores full marks for having no overall gender pay gap (less than 3 percent) and for providing equal pay for equal work at all levels within the company.
- 19 companies publish a strategy to close their gender pay gap.
Policies promoting gender equality
- The #Metoo effect: 71 percent of companies have an anti-sexual harassment policy in place, the highest levels of such a policy recorded in any Equileap research.
- 81 percent of the companies have a supplier diversity program that supports women-owned businesses, compared to 23 percent for the global benchmark.
Last October, GM was ranked as the leading company in the world for gender equality in the workplace in Equileap’s annual global study. Equileap researched and ranked top public companies across 23 developed countries, 3,206 in all, ranking 200 top companies making progress toward gender equality. The 21 criteria encompass gender balance across all levels of the company, parental leave, equal pay, policies as well as access to healthcare including family planning and maternal health.
Unlike any other equality research, Equileap uses the world’s first in-depth cross-sector ranking system to assess and monitor thousands of companies across the globe. For this special report Gender Equality in the U.S., Equileap used its proprietary Gender Equality Scorecard of 19 criteria (including gender balance at all levels of a company, career development, work-life balance, equal pay, family leave and health and safety) in addition to two healthcare-related factors, to rank the companies within the S&P 100 Index. All data collected is based on information that the companies themselves make publicly available, except for healthcare plan-related questions, where internal information was also accepted as it is often subject to confidentiality. A more detailed methodology can be found in the report.
Equileap is an organization aiming to accelerate progress towards gender equality in the workplace, using the power of investments, grants and knowledge. Headquartered in Amsterdam and London, the organization is a registered charity and all profits are used to support women through social impact projects that tackle the root causes of gender inequality. Equileap is the leading organization providing data and insights on gender equality in the corporate sector. Products & services are tailored for companies, governments and investors. To date, USD 620 million has been invested in financial products powered by Equileap data.
The information included in this document is issued by Equileap and is intended for information and discussion purposes only and is not intended, and should not be interpreted, as investment advice or an offer to acquire units in any investment vehicle or company. Equileap does not provide any investment advice and is not registered as an undertaking for collective investment in transferable securities nor as an alternative investment fund. People who wish to make a contribution to the Equileap Foundation (which is an ANBI for Dutch tax purposes) or who would like to support Equileap and its objects in another manner, are advised to consult their own legal or tax advisor. | © Equileap, 2017. All rights reserved. Stichting Equileap Foundation is a tax exempt ANBI (RSIN/Fiscaal Identificatie Nummer 8560 58 88)