Berkshire Bank, a leading socially responsible community bank with financial centers throughout New England and New York, today announced that it joins 483 other companies across the globe 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.
“Berkshire is honored to be included again as a member of the Bloomberg Gender Equality Index,” said Jacqueline Courtwright, EVP Chief Human Resources & Culture Officer of Berkshire Bank. “This recognition illustrates our continued strong commitment to transparency and creating an equitable workplace for all our employees as we strive to be the leading socially responsible community bank in New England and beyond. I want to give a special thanks to our Power of Women Employee Resource Group and all our Berkshire bankers for their efforts to build a culture where everyone can reach their full potential.”
“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.”
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. 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 visit: https://www.bloomberg.com/gei.