FEBRUARY 9, 2021
BNY Mellon is proud to announce its inclusion in the 2021 Bloomberg Gender-Equality Index (GEI), a leading indicator aimed at increasing transparency surrounding gender-related practices and policies at publicly listed companies.
BNY Mellon has been featured in every edition of the GEI since its launch in 2018 and is now one of 380 companies across 11 sectors to be included. By providing a comprehensive, transparent scoring methodology, the GEI allows investors to assess company performance on gender parity and compare across industry peer groups, increasing the breadth of environmental, social, governance (ESG) data available to investors.
"Our inclusion in this year's GEI is a reflection of our continued commitment to fostering a diverse and inclusive workplace," said Todd Gibbons, CEO of BNY Mellon. "While increasing transparency around companies' investments in gender equality is an important step, we recognize there is still a long road ahead for enacting real change. We're encouraged to see so many others join this effort and are hopeful the index will help raise the bar of what should be expected of our company and our industry going forward."
BNY Mellon has been a leader in bringing more clarity to ESG investing, recently announcing the release of its new data driven ESG app, a tool built to provide asset managers and owners with greater data transparency and consistency for sustainable investments. The GEI adds to the growing pool of data investors can access to determine what investments best fit their priorities and goals.
"With women comprising 41% of our global workforce and 27% of our board, gender parity is a top priority for our company," said Jolen Anderson, the company's global head of human resources. "We're thrilled to continue to be recognized for our commitment to nurturing diverse talent, creating an inclusive culture, and setting a market standard for disclosing efforts to address gender inequality."
BNY Mellon is committed to providing equal pay for equal work, conducting pay practice reviews, and making adjustments, as appropriate, to continue to pay employees equitably. The company's most recent pay practices review, conducted in March 2020, found that total compensation for both women and U.S. minority employees is, on average, more than 99% of their respective counterparts.
Learn more about BNY Mellon's diversity & inclusion efforts.