Historical series Itaú Unibanco included in 2023 Bloomberg gender-equality index
The GEI provides insight into an opaque area of ESG data reporting
New York, 31 January, 2023 – Itaú Unibanco today announced that it joins 485 other companies as a member of the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across five pillars: leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.
The 2023 GEI reaches globally to represent 45 countries and regions, including firms headquartered in Luxembourg, Ecuador, and Kuwait for the first time. Member companies represent a variety of sectors, including financials, technology, and utilities, which continue to have the highest company representation in the index from 2022.
“In 2022, we disclosed our Diversity Goals, which express the bank’s commitment to diversity and gender equality in the organization. Being recognized once again by this important index demonstrates that we are on the right path towards building a more plural financial market” said Luciana Nicola, Itaú Unibanco’s Institutional Relations and Sustainability Director.
“Congratulations to the companies that are included in the 2023 GEI,” said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. “We continue to see an increase in both interest and membership globally, reflecting a shared goal of transparency in gender-related metrics.”
Itaú Unibanco 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.
“We have been selected to be part of this gender equality index since 2017 and, each year, we seek to incorporate the requirements of its methodology into our management practices. Being part of GEI is more than a recognition. It is a constant work of evolution in the search for equality so that men and women have equal development and career opportunities in the bank.” Renato Lulia Jacob, Director of Investor Relations and Market Intelligence.
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.
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/.