Four Singaporean Firms Recognised for Commitment in Advancing Gender Equality

February 11, 20199:21 am1742 views

More and more organisations are showing commitment in furthering gender equality in the workplace. Recent global index released earlier this month has recognised four Singapore-based companies for delivering transparency in terms of gender reporting and advancing gender equality.

The second edition of the Bloomberg Gender-Equality Index lauded Singtel, United Overseas Bank (UOB), City Developments (CDL) and DBS Group Holdings for their successful efforts in providing better workplace for women. CDL and DBS were also included in the inaugural index last year.

The 2019 list includes 230 firms headquartered across 36 countries and regions, Straits Times reports.

The index is based on a reporting framework Bloomberg created for companies to voluntarily disclose information on how they promote gender equality across four areas: company statistics, policies, community engagement and products and services. Those that score above a globally established threshold are included in the index.

Data collected for the latest index showed that, among the 230 companies, women were well represented in some areas. They received 43 percent of promotions, on a par with their composition of the total workforce at 42 percent. However, they made up only 7 percent of chief executive or chair positions, and 26 percent of senior management roles.

Commenting on the news, group chief executive of Singtel, Ms Chua Sock Koong said that women represent a third of staff and management across the group and on its board.

“(Diversity) allows us to tap… fresh perspectives and creativity which are critical to building a vibrant, successful and sustainable organisation,” she added.

Meanwhile, UOB deputy chairman and group chief executive, Wee Ee Cheong also said that differences in qualities, capabilities and experiences among colleagues help them appreciate and connect with customers.

Read also: Singaporeans to Expect 4.0% Pay Rise: Study

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