Bloomberg launches financial services Gender-Equality Index

A new gender equality index from Bloomberg is designed to help investors research company statistics, policies, products and community engagement in diversity.

“While more and more firms are focused on addressing gender equality in the workplace, we’ve lacked a holistic set of data to better understand the issues facing companies, employees and clients,” said said Angela Sun, head of Strategy and Corporate Development at Bloomberg, in announcing the Bloomberg Financial Services Gender-Equality Index (BFGEI).

“The BFGEI gives investors an important new decision-making tool by providing objective, concrete data around difficult-to-measure areas like policies and products.”

Bank of America is among the firms in the first index, which focuses on financial services.

Bloomberg says the index is the first of its kind.

Bloomger said the index is designed to help clients “seeking additional information when evaluating a company’s reputation, value and performance.”

The Index reflects Bloomberg’s dedication to increasing both data transparency and workplace equality, bringing a new level of clarity and awareness to social and governance information in the gender-equality space

The index is not ranked. data was gathered through a survey conducted by Bloomberg in partnership with third-party groups such as Women’s World Banking, Catalyst and Working Mother Media

“We hope the BFGEI encourages more firms to disclose and discuss gender equality in the workplace,” said Bloomberg Chairman Peter Grauer. “Better support for female employees is crucial to building and developing a diverse workforce – and it’s key to remaining competitive in today’s global business environment.”

2016 Bloomberg Financial Services Gender-Equality Index Member Firms: