For the third consecutive year, The Estée Lauder Companies (ELC) has been included in the Bloomberg Gender-Equality Index (GEI).
The beauty giant is one of 325 companies across 50 industries, recognised for their commitment to promoting gender equality. This year, approximately 6,000 companies across 84 countries and regions were measured by the index.
“At The Estée Lauder Companies, we understand that true success, both short-term and long-term, comes from diversity of thought and collaboration amongst our employees.” – The Estée Lauder Companies President and Chief Executive Officer Fabrizio Freda
The Bloomberg Gender-Equality Index follows the financial performance of publicly listed companies that promote gender equality and foster an inclusive work culture.
The index is measured under five key pillars: equal pay and gender parity, female leadership and talent pipeline, inclusive workplace culture, sexual harassment policies, and the company’s viability as a pro-women brand.
Using the GEI framework, all the companies included have provided an in-depth look at how they are investing in gender equality in the workplace and in the communities in which they operate. The Estée Lauder Companies scored highly across all of the framework’s pillars and averaged above the global threshold set by Bloomberg.
For The Estée Lauder Companies Executive Chairman William Lauder, the inclusion is a testament to the company’s continued commitment to gender equality.
He said: “The Estée Lauder Companies is honoured to be included in the Bloomberg Gender-Equality Index for the third consecutive year. Our organisation’s strength is rooted in the collective diversity of our global workforce, and we are proud to be a part of such an important conversation around transparency, progress and action around gender equality.”
The Estée Lauder Companies President and Chief Executive Officer Fabrizio Freda stressed how true success comes from diversity and collaboration. He said: “At The Estée Lauder Companies, we understand that true success, both short-term and long-term, comes from diversity of thought and collaboration amongst our employees.”
“We are focused on ensuring that diversity continues to be embedded in our company values, culture and business strategy,” Freda added.