ON Semiconductor is celebrating to be one of the 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI).
ON Semiconductor is celebrating to be one of the 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI) – our company’s second consecutive year as part of the index. The reference index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand.
Through disclosure of gender-related metrics using the GEI framework, the firms included in the 2021 GEI have committed to providing a comprehensive look at their investment in workplace gender equality and the communities in which they operate, raising the bar of what should be expected from other companies within the same industry. ON Semiconductor was included in this year’s index for scoring above the global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across the framework’s five pillars. Particularly, ON Semiconductor is proud to have reached a 100% disclosure score vs the general average of 94.21%, showing that the company is committed to full transparency when it comes to gender-related metrics.
“Diversity and inclusion are something that we strive for and try to make progress on every single day across the organization at ON Semiconductor,” said Alicia Scott, senior director of people, culture and DEI of ON Semiconductor. “To be on the GEI for the second consecutive year shows our employees, customers and all other stakeholders that gender equality is not a buzzword for us, but a commitment we take seriously and hold ourselves accountable for. However, for all the progress we have made, we know that there is still a lot of work to be done.”
The GEI brings transparency to gender-related practices and policies at publicly listed companies increasing the breadth of environmental, social, governance (ESG) data available to investors. The comprehensive, transparent GEI scoring methodology allows investors to assess company performance and compare across industry peer groups.
“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.”
Both the framework and the GEI are voluntary and have no associated costs. The GEI is a reference index and is not for use as a financial benchmark. 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. To learn more please visit the GEI website.