By Jenniffer B. Austria
Four publicly listed firms in the Philippines made it to Bloomberg’s gender-equality index which tracks the performance of companies committed to transparency in gender-data reporting.
The four firms are DMCI Holdings Inc. and Semirara Mining Corp. of the Consunji Group, Robinsons Retail Holdings Inc. of the Gokongwei Group and Manila Electric Co.
The index measures gender equality across five pillars including leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies and external brand.
The Philippine firms joined 480 other companies as members of the GEI. Member companies represent a variety of sectors including financials, technology and utilities, which continue to have the highest company representation in the index from 2022.
This is the third straight year for both DMCI and Semirara to be included in the list.
“Diversity and representation matter. When different voices and perspectives are included in the conversation, companies benefit from a wider range of ideas and insights,” DMCI Holdings and Semirara chairman Isidro Consunji said in a statement.
DMCI Holdings and Semirara submitted a social survey created by Bloomberg in collaboration with subject matter experts globally. Those included in this year’s index scored above a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.
Both the survey and the GEI are voluntary and have no associated costs. Bloomberg collected data for reference purposes only. The index is not ranked.
More than 600 companies participated in the survey and disclosed their gender-related data, resulting in an 11-percent increase year-on-year.
DMCI is one of the leading conglomerates in the country with interests in construction, real estate, energy, mining and water industries. Semirara is the largest coal producer in the Philippines, and the only domestic power firm that generates its own fuel.