ArcelorMittal announced that it is one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality in the workplace.
The index, which has doubled in size since 2018, having introduced thirteen new markets, includes companies from 10 sectors headquartered across 36 countries and regions. Collectively, these organisations employ 15 million people, 7 million of whom are women. This year’s GEI indexed companies account for USD 9 trillion worth of traded stock market shares.
Bloomberg’s standardised gender reporting framework offers ArcelorMittal the opportunity to disclose information on how it promotes gender equality and to learn good practice from others on the index.
The GEI highlighted several elements of ArcelorMittal’s approach to gender equality as best in class results and those are: A third of the members of the company’s board of directors is female. ArcelorMittal subsidiaries around the world promote Science, Technology, Engineering and Maths (STEM) programmes which encourage young girls to pursue studies and a career in this area. Female staffs engage in the company’s Women in Leadership programme and the company is an active member of gender equality organisations, e.g. Women in Mining.
The GEI is also an important resource for investors who wish to benchmark ArcelorMittal’s performance on gender diversity against that of its peers. Such data increasingly influences investment decisions, so transparency on this and other key environmental, social and governance performance metrics is the cornerstone for good investor relations.