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Silicon Valley Bank Selected for 2019 Bloomberg Gender-Equality Index, Recognizing Commitment to Advancing Women in the Workplace

Company News  |  January 16, 2019

The 2019 Gender-Equality Index highlights 230 firms that are trailblazers in their commitment to transparency in workplace gender reporting

SAN FRANCISCO– January 16, 2019Silicon Valley Bank (SVB), the bank of the world’s most innovative companies and their investors, today 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 USD9 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.

“At SVB, we work every day to create and foster a more inclusive environment and celebrate and leverage diversity for better outcomes,” said Greg Becker, CEO of Silicon Valley Bank. “Our participation in the Bloomberg GEI is a demonstration of our commitment to inclusion, equal representation and diversity, and to the transparency of our progress.”

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 ESG 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% of eligible companies are disclosing their workplace gender policies and practices.

“We applaud Silicon Valley Bank 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. “Silicon Valley Bank’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.”

Disclosures from firms included in the 2019 GEI provide a wide-ranging and comprehensive look at how companies around the world are investing in women. According to GEI data: 

  • Women had a 40% increase in executive level positions between fiscal years 2014-2017.
  • 60% of firms conduct compensation reviews to identify gender-based variations in pay to close their average 20% pay gap (18% on average in the Americas, Europe, Africa and Middle East regions and 26% in Asia-Pacific).
  • 34% have programs in place to recruit women looking to return to work after a career break.
  • For U.S. employees, the average number of weeks of fully paid primary leave offered is 13 weeks, and the average number of weeks of fully paid secondary leave offered is 5 weeks.
  • 43% of firms cover gender reassignment services in health insurance plans.
  • 68% of firms evaluate all advertising and marketing content for gender biases prior to publication.

The Bloomberg gender reporting framework is voluntary and has no associated costs. The GEI is a reference index. All public companies can submit data to Bloomberg. Those with a security listed on a U.S. exchange and a market capitalization of USD1 billion or greater are eligible for index inclusion. For more information on the GEI and how to submit information for next year's index visit: 

https://www.bloomberg.com/professional/solution/gender-equality-index/

Bloomberg subscribers can access the GEI at {BGEI Index DES <GO>}. Terminal users will have access to the fully updated index on Friday, January 18, 2019.

 

Companies included in the 2019 Bloomberg Gender-Equality Index:

A.P. Møller-Mærsk A/S

AB InBev

Accenture

adidas

Adobe

ADP

Advanced Micro Devices, Inc.

Aetna, Inc.

AGNC Investment Corp.

AIA Group Limited

Air Products & Chemicals, Inc.

Alcoa Corporation

Alliance Data

Alliant Energy

Allianz

Alpha Bank

American Electric Power

American Express

American Water

AMN Healthcare Services, Inc.

Anglo American

Annaly Capital Management, Inc.

Apollo Global Management, LLC

ArcelorMittal

AstraZeneca

AT&T

AU Optronics

Avon Products, Inc.

BAE Systems PLC

Banco Bradesco S/A

Banco Santander

Bank of America

Bank of Montreal

Bank of Queensland

Barclays

BB Seguridade Participações S.A.

BBVA

BNP Paribas

BNY Mellon

Boston Scientific Corporation

BT Group PLC

BYD Company Limited

CAE

CaixaBank

Campbell Soup Company

CAPCOM Co. Ltd.

Capital One Financial Corporation

Centene Corporation

Charles River Laboratories International, Inc.

CIBC

Cie de Saint-Gobain

Cisco

Citi

City Developments Limited

The Clorox Company

The Coca-Cola Company

Coca-Cola FEMSA

Commercial International Bank, Egypt (CIB)

Commonwealth Bank of Australia

Core Laboratories

CVS Health

Dai Nippon Printing Co. Ltd.

Daiwa House Industry Co. Ltd.

Daiwa Securities Group Inc.

Danone

Danske Bank A/S

DaVita, Inc.

DBS Group Holdings Ltd.

Deutsche Post DHL Group

Deutsche Telekom AG

Diageo PLC

Dominion Energy

Don Quijote Holdings Co. Ltd.

Dr. Reddy's Laboratories Ltd.

DuPont

Enagás S.A.

Enbridge

Erste Group Bank AG

The Estée Lauder Companies

Etsy

Euronav NV

Eversource Energy

Evertec

Fifth Third Bancorp

First Data Corp.

First Horizon National Corporation

First Pacific Company Limited

FirstEnergy

Ford Motor Company

Fortescue Metals Group Ltd.

Franklin Templeton Investments

Galp

Gap, Inc.

General Motors

Gold Fields

Goldman Sachs

Grupo Financiero Banorte

Grupo Televisa, S.A.B.

Harmony Gold Mining Company Limited

The Hartford

Horace Mann

IAMGOLD Corporation

Iberdrola

ICL

Illumina

Incitec Pivot Limited

ING

Ingredion Incorporated

Intesa Sanpaolo

Itaú Unibanco

Janus Henderson Group PLC

JPMorgan Chase & Co.

Just Eat

Kao Corporation

KASIKORNBANK PCL

KB Financial Group, Inc.

Kering

Legal & General Group PLC

Leidos Holdings, Inc.

LendingClub

Lenovo

Lionsgate

Lloyds Banking Group

L'Oréal

lululemon

Manulife

Marsh & McLennan Companies

Mastercard

Maybank

Mediobanca

MetLife, Inc.

MINDBODY, Inc.

Mitsubishi UFJ Financial Group

Mizuho Financial Group, Inc.

Morgan Stanley

Morningstar, Inc.

Motorola Solutions

MS&AD Insurance Group Holdings, Inc.

National Australia Bank

National Bank of Canada

National Bank of Greece

Nestlé

Newmont Mining Corporation

Nidec Corporation

Nielsen

NiSource

NN Group

Nokia

Nordea Bank

Northern Trust Corp

NTT DOCOMO

NVIDIA

Old National Bancorp

Orange

Pampa Energía

Pearson

Pitney Bowes, Inc.

PNC Financial Services Group

Portland General Electric

Praxair, Inc.

Procter & Gamble

ProSiebenSat.1 Media SE

Prudential Financial

Prudential PLC

QBE Insurance Group Limited

Radian Group Inc.

Rapid7, Inc.

RBS

RELX Group

Robert Half

Rogers Communications, Inc.

Rolls-Royce Holdings PLC

Royal Bank of Canada

S&P Global

Sanderson Farms

SAP

Schneider Electric

Scholastic

Schroders

Scotiabank

Sempra Energy

Shinhan Financial Group

Signet Jewelers Limited

Silicon Valley Bank

Singtel

Sodexo

Sonova

SSE PLC

Standard Chartered Bank

Standard Life Aberdeen PLC

State Street Corporation

STMicroelectronics

Sumitomo Mitsui Financial Group

Sumitomo Mitsui Trust Holdings

Sun Life Financial

Swedbank

Swiss Re

Symantec

Tahoe Resources, Inc.

Taylor Morrison

TD Bank Group

Teck

Telefónica

Telia Company

Terna

Tokyo Electron Limited

TransCanada Corporation

Türkiye Garanti Bankası A.Ş.

UBS

Unilever

Unum Group

UOB Group

UPM-Kymmene Corporation

Visa, Inc.

Vodafone Group

Voya Financial, Inc.

Walmart

Walmart de México y Centroamérica

Wells Fargo & Company

Welltower

WESCO International, Inc.

Westpac Group

Weyerhaeuser

Willis Towers Watson

WPP

Yum China Holdings, Inc.

Yum! Brands, Inc.

Zillow Group, Inc.

Zurich Insurance

Zynga, Inc.



About Silicon Valley Bank

For more than 35 years, Silicon Valley Bank (SVB) has helped 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.

 

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