Corporate America

New report shows which financial firms best promote gender equality

A 'Citi' sign stands outside Citigroup Center its headquarters in Manhattan. (Photo by Mario Tama/Getty Images)

A new index compiled by Bloomberg, the media company that focused on the financial industries, shows which firms in the industry are making the most progress when it comes to hiring women and promoting gender equality. The index, released on Tuesday, is being billed as a first of its kind metric that shows where companies stand when it comes to diversity and affecting genuine corporate change. The new index analyzes 53 data points about companies, including how many women the employ, how many women sit on corporate boards and the amount of maternity leave they offer. The idea is to make up for a data gap on gender diversity among the country’s largest corporations. In order to qualify for the study, companies must have a market cap of at least $15 billion and have at least on exchange-traded security.

So, which companies were rated highly by Bloomberg? Some familiar names, it turns out. Big-time banking firms like Citigroup, Bank of America and JP Morgan Chase, are all near the top, and they’re joined by MetLife, an insurance company, and ubiquitous credit card companies Visa, Mastercard and American Express. In all, 26 companies appear on the index, painting a picture of what companies are doing most on the gender diversity front.

Read the full story at Fortune.

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