For the second straight year, DMCI Holdings (PSE: DMC) and Semirara Mining and Power Corporation (PSE: SCC) landed in the Bloomberg Gender Equality Index (GEI), a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting.
Only four listed companies in the Philippines joined the 2022 roster that includes 418 companies across 45 countries and regions. Member companies represent a variety of sectors, including financials, technology and utilities, which collectively have the highest company representation in the index.
The 2022 GEI 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.
“While our businesses belongto male-dominated industries,we do not distinguish roles and opportunities according to gender. We empower and promote people based on their individual merits and contributions to the organization,” said DMCI Holdings and SMPC chairman Isidro A. Consunji.
“We are proud to recognize DMCI Holdings and SMPC and the other 416 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 US 30 percent 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 organization,” he added.
DMCI Holdings and SMPC submitted a social 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.
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 USD1 billion are eligible for inclusion in the Index.
DMCI Holdings is the only publicly listed holding company in the Philippines that has construction as its core competency. Its businesses are pioneers and key players in the construction, real estate, energy, mining and water industries.
SMPC is the largest coal producer in the Philippines, and the only domestic power firm that generates its own fuel.