SANTA CLARA, Calif. – January 26, 2022 – Silicon Valley Bank, the bank of the world’s most innovative companies and their investors, today announced that it has been included in the Bloomberg Gender-Equality Index (GEI) for the fourth year running. The Bloomberg GEI is a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting. This reference index measures gender equality across five pillars: female leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand.
“Silicon Valley Bank is deeply committed to advancing gender parity and fostering diversity and inclusion, in our workplace and in the innovation economy at large,” said Greg Becker, CEO of Silicon Valley Bank. “Our clients, company and communities are made stronger when people of diverse backgrounds and experiences are able to bring their ideas and expertise to bear.”
“We are proud to recognize Silicon Valley Bank and the other 413 companies included in the 2022 GEI for their commitment to transparency and setting a new standard in gender-related data reporting,” said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. “Even though the threshold for inclusion in the GEI has risen, the member list continues to grow. This is a testament that more companies are working to improve upon their gender-related metrics, fostering more opportunity for diverse talent to succeed in their organizations.”
Silicon Valley Bank submitted a survey created by Bloomberg in collaboration with subject matter experts globally. 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.
“SVB is on a journey to increase representation and inclusivity for women in our workplace,” said Angela Morris Lovelace, Chief Diversity, Equity and Inclusion Officer at Silicon Valley Bank. “We are proud to have our efforts recognized in this way, and we will continue to report on our work to hold ourselves accountable to the crucial imperatives of gender and racial equity.”
The 2022 GEI expands globally to represent 45 countries and regions, including firms headquartered in Colombia and Uruguay for the first time. Member companies represent a variety of sectors, including financials, technology and utilities, which collectively have the highest company representation in the index.
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. While all public companies are encouraged to disclose supplemental gender data for their company’s investment profile on the Bloomberg Terminal®, those that have a market capitalization of USD 1 billion are eligible for inclusion in the Index. For more information on the GEI and how to submit information for next year’s index visit: https://www.bloomberg.com/gei. Bloomberg clients can access the GEI at {BGEI Index DES <GO>}.
For more information on Bloomberg’s sustainable finance solutions, including the GEI, please visit: https://www.bloomberg.com/professional/sustainable-finance/.
Media Contacts:
Lucy Muscarella
Silicon Valley Bank
lmuscarella@svb.com
Bloomberg Media Contact: GEIComms@bloomberg.net
About Silicon Valley Bank
Silicon Valley Bank (SVB) helps innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators. Learn more at svb.com. [SIVB-C]
About Bloomberg:
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