AUBURN HILLS, Mich.,
Jan. 21, 2020 /PRNewswire/
-- Further validating that its efforts to build a diverse and
inclusive culture are delivering results, BorgWarner today
announced that it is one of 325 companies across 50 industries
included in the 2020 Bloomberg Gender-Equality Index (GEI). The GEI
expanded in 2020 to represent 42 countries and regions. Companies
range from a variety of industries, including automotive, banking,
consumer services, engineering and construction, and retail.
"At BorgWarner, we are proud of our longstanding commitment to
embracing equality and creating a culture that doesn't tolerate
gender bias," said Felecia Pryor,
BorgWarner Chief Human Resources Officer. "We are honored to be a
part of Bloomberg's respected index and appreciate the precedent it
sets for businesses globally as we continue to strive for increased
inclusivity."
Most recently, BorgWarner joined the CEO Action for Diversity
& Inclusion™, which is the largest CEO-driven
business commitment to advance diversity and inclusion within the
workplace. Over the years, the company has developed several
programs aimed at increasing its dedication to diversity and
inclusion including the company's Women in Leadership
program, which focuses on nurturing women with high potential at
every level of their career by giving them an array of
opportunities to hone their strengths and leadership skills.
The GEI tracks the financial performance of public companies
committed to supporting gender equality through policy development,
representation, and transparency. 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. This year,
Bloomberg expanded the eligibility for inclusion in the index to
nearly 6,000 companies across 84 countries and regions.
"The 325 companies included in the 2020 GEI have shown their
commitment to transparency and demonstrated leadership in
gender-related data reporting," said Peter
T. Grauer, Chairman of Bloomberg. "Disclosure of company
statistics and practices is an important first step in supporting
gender equality globally."
Through disclosure of gender-related metrics using the GEI
framework, the firms included in the 2020 GEI have provided a
comprehensive look at their investment in workplace gender equality
and the communities in which they operate. BorgWarner was included
in this year's index 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.
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 Bloomberg Terminal
subscribers can access the GEI at {BGEI <GO>}.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a
global product leader in clean and efficient technology solutions
for combustion, hybrid and electric vehicles. With manufacturing
and technical facilities in 67 locations in 19 countries, the
company employs approximately 30,000 worldwide. For more
information, please visit borgwarner.com.
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SOURCE BorgWarner