Tech Mahindra Included In ‘2021 Bloomberg Gender-Equality Index’ for Second Consecutive Year
New Delhi – February 08, 2021: Tech Mahindra, a leading provider of digital transformation, consulting and business re-engineering services and solutions, today announced that it has been included in 2021 Bloomberg Gender-Equality Index (GEI) for the second consecutive year. Tech Mahindra is amongst the 7 Indian companies to be included in Bloomberg’s Gender-Equality Index (GEI). The 2021 Index comprises of 380 countries with a combined market capitalization of 14 USD trillion headquartered in 44 countries and regions across 11 sectors.
The Bloomberg GEI measures gender equality across five pillars including female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand. The framework is comprised of 59 questions and a company’s GEI Score is determined by its level of disclosure and its performance (data excellence). Tech Mahindra is included in the 2021 list for scoring at or above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars.
Harshvendra Soin, Global Chief People Officer & Head of Marketing, Tech Mahindra, said, “Tech Mahindra being included in the 2021 Bloomberg Gender-Equality Index is a testimony of our ‘intentionally diverse’ and ‘naturally inclusive’ philosophy that empowers our ecosystem to RiseTM. We were amongst the early adopters of a non-negotiable, diversity and inclusion (D&I) policy, which has helped us built an inclusive culture where the ‘diversity of thoughts’ has spurred innovation and creativity in our associates.”
The Bloomberg GEI provides managers and investors with comparative information on gender-equality performance of the world’s biggest companies. This unique barometer of gender-equality performance provides transparency to gender-related practices and policies at publicly listed companies increasing the breadth of environmental, social, governance (ESG) data available to investors. Starting with the full universe of 11,500+ public companies in Bloomberg’s ESG data set, the team screens companies to be eligible for inclusion in the index with cut-off based on market capitalization, level of public disclosure and data excellence.
“The companies included in the 2021 GEI are expanding the ESG data universe to include gender-related data that investors are demanding today,” said Peter T. Grauer, Chairman of Bloomberg. “Their commitment to disclosure is making the business case for inclusion and driving transparency in the markets.”
As part of TechMHRNxt, under Tech Mahindra’s TechMNxt charter, an initiative to provide the ‘workplace of the future’ and enhance employee experience, dignity of each associate is upheld as one of our core values. At Tech Mahindra, diversity is an instrument of growth, and the uniqueness of every individual is celebrated by fostering an environment of inclusion and empowerment.