01.16.19
The Estée Lauder Companies today announced that it is one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI).
The GEI highlights firms that are trailblazers in their commitment to transparency in workplace gender reporting. The index doubled in size from 2018 and includes firms from 10 sectors headquartered across 36 countries and regions.
William P. Lauder, executive chairman, comments, “We are honored that The Estée Lauder Companies has been included in the 2019 Bloomberg Gender-Equality Index. As a values-driven company, inclusion and diversity are part of the fabric of who we are, and our practices reflect our unwavering commitment to supporting and celebrating the individuality of every employee. We are proud to be part of such an important conversation driving transparency, progress and action around gender equality and respect for every individual.”
Fabrizio Freda, president/CEO, Estée Lauder Companies, adds, “We understand the unique and endless possibilities that result from collaboration among employees with varying experiences, perspectives and talents, and we are focused on ensuring that diversity continues to be embedded in our company values, culture and business strategy. Fostering an inclusive and diverse workforce is paramount to generating fresh ideas and meeting the needs of our global consumers through our quality products and high-touch service.”
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.
Peter T. Grauer, chairman of Bloomberg and founding chairman of the U.S. 30% Club, says, “We applaud The Estée Lauder Companies and the other 229 firms tracked by the index for their action to measure gender equality through the Bloomberg GEI framework. The Estée Lauder Companies’ 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.”
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.
Find more information here about the GEI and how to submit information for next year's index.