EDPR included for the third consecutive year in the Bloomberg Gender Equality Index
EDP Renewables (Euronext: EDPR), the world's fourth largest renewable energy producer, has been included for the third consecutive year in the Bloomberg Gender Equality Index (GEI), a modified market capitalization-weighted index that aims to track the performance of public companies committed to transparency in gender-data reporting.
In this edition, EDPR has increased the score with which it has been included in the index, in comparison with last year. This achievement reflects the importance that the company gives to the culture of gender equality and inclusion, promoting practices that value the talent of women and diversity within its teams. In fact, equality is a priority issue for EDPR, being a key ESG topic of the strategic plan presented by the company for the period 2021-25.
Another reflection of the EDP Group's commitment to a corporate culture of diversity and inclusion is reflected in the launch of the global campaign #REBELSFORCHANGE, aimed at raising awareness and promoting the participation of more women in Science, Technology, Engineering and Mathematics (STEM) careers. It is worth noting that this global initiative is aligned with the group's own ambition to increase the percentage of female representation to at least 30% by 2025.
In words of Miguel Stilwell de Andrade, CEO at EDP Renewables: “At EDP we firmly believe that diversity must be a key driver of our culture and we are committed to mobilize our energy towards a more inclusive, fair and equal society. By acting this way, and together, we can ensure a better, greener and more sustainable tomorrow for us all”.
This year a total of 418 companies based in more than 45 countries and regions have been included in the index, including for the first-time companies based in Colombia and Uruguay. The companies in the index represent a variety of sectors, mainly finance, technology and utilities, which collectively account for the majority of companies in the index.
To make the selection, more than 11,500 listed companies have been analysed using Bloomberg ESG data. Companies are assigned a Bloomberg ESG score which is measured on a scale of zero to 100%, being 100% the highest score. This benchmark measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand.