Bloomberg’s Gender Equality Index 2021: Schroders continues to make advances in addressing gender equality

Schroders continues to be a leader in advancing gender equality globally based on the results of the 2021 Bloomberg Gender Equality Index (GEI). The 2021 Index, announced today, represents 380 global companies spanning 11 sectors and headquartered across 44 countries and regions.

Schroders achieved an overall GEI score of 73%, above the average for the financial services sector and for the UK where the average scores were 68% and 69%, respectively.

Equal Pay and Gender Pay Parity was Schroders’ highest scoring metric, achieving 100% - 79% more than the average score for the financial services industry (56%). In addition, Schroders scored 73% for its Inclusive Culture and 64% for being a Pro-Women brand, compared to the average scores of 67% and 50% respectively.

The overall score for Schroders was determined by our disclosures and performance on metrics relating to female leadership and talent pipeline, pay and equal pay, promoting an inclusive culture and achieving a pro-woman brand.  This year’s GEI also reflects Schroders’ ongoing progress in tackling gender inequality, with an increase in its total score by 4% from 2020. This success was particularly prevalent across a number of specific metrics in which Schroders’ scored above average in comparison to its peers in the financial services sector. 

Bloomberg’s annual GEI is generated using Bloomberg’s proprietary gender reporting framework that equips companies with an international standardized disclosure method to measure and report gender data across multiple dimensions.

Faye Farrant, Global Head of Talent & Inclusion, Schroders, commented:

“Inclusion & diversity are championed at all levels of the firm. Our concerted efforts to reach gender equality within our organisation, including closing the pay gap, is beginning to have a real effect.

“We are pleased that this year’s GEI result is a significant uplift from our previous score of 69% in 2020, but we recognise that there is still more work that is required for us to fulfil our goal of reaching full gender equality.

“At Schroders we recognise that gender equality cannot be achieved in isolation from other issues regarding inclusion & diversity. We are committed to ensuring that all of our employees are celebrated and valued, irrespective of their gender, age, ethnicity, sexual orientation, disability, religion, beliefs or other characteristics. In 2020 we gave additional focus towards addressing ethnic minorities and disability representation within our business, including signing up to the Race at Work Charter.

“Not one of these issues stands alone, and if we want to foster a truly inclusive working culture we must work together to address all aspects of inequality.”

To view Schroders 2019 Gender Pay Gap Report please following this link.