A new partnership between Syndio and EDGE Certification is set to enhance Syndio’s flagship product, PayEQ, significantly.
The collaboration will allow customers to expedite their path to certification while promoting compliance with EDGE’s internationally recognised standards.
The move comes when companies face increasing pressure to address workplace and pay equity, enabling them to align with EU legislation and meet the requirements of various ESG indices.
Syndio is the world’s leading workplace equity analytics platform. EDGE, an acronym for Equity, Diversity, and Gender Equality, represents the preeminent global standard for diversity, equity, and inclusion (DE&I), focusing on gender and intersectional equity within workplaces. With over 250 large organisations in 55 countries and spanning 26 industry sectors, EDGE Certification has become widely embraced. EDGE also aligns with new EU legislation and receives frequent references from ESG indices.
In response to customer demand for multiple certification options, Syndio has undergone an independent validation process to ensure its solution complies with EDGE Certification requirements. As a result, Syndio customers can now confidently conduct EDGE-compliant pay-equity analyses using the PayEQ tool and seamlessly integrate the results into their certification processes.
Maria Colacurcio, CEO of Syndio, emphasised the need for trusted, compliant, and scalable solutions in light of the growing legislative emphasis on workplace and pay equity. Open standard frameworks such as EDGE Certification have gained prominence, with leading organisations actively pursuing certification since its launch at the World Economic Forum in 2011.
Colacurcio expressed that Syndio’s latest accreditation provides customers with a comprehensive pay equity analysis and consultancy offering, addressing inequity within their organisations and bolstering their compliance with new EU legislation and numerous leading ESG indices.
Aniela Unguresan, Founder of the EDGE Certified Foundation, underscored the significance of equitable compensation in today’s volatile labour market. By leveraging Syndio’s PayEQ tool to expedite EDGE certification, companies can identify gaps in equity, design strategies to rectify them and demonstrate their commitment to valuing employees to investors, regulators, and themselves.
The EDGE Standards offer organisations a holistic framework for assessing their progress in achieving gender and intersectional equity. Attaining EDGE Certification represents a proactive step toward compliance with recent EU-related regulations, including the Revised Swiss Gender Equality Act 2020, the Standard for Gender Parity in Italian Organizations published by the Italian National Unification (UNI 125: 2022), the Spanish Royal Decree on Gender Equality (Royal Decree 901 and 902 / 2020), and the EU Corporate Sustainability Reporting Directive (CSRD), specifically ESRS S1.
EDGE Certification positively impacts companies’ scores in various ESG-related indices, including the Dow Jones Sustainability Indices (DJSI), the Bloomberg Gender-Equality Index (GEI), and Equileap’s Gender Equality Scorecard.
With the collaboration between Syndio and EDGE Certification, organisations gain access to a comprehensive toolset that empowers them to address pay equity concerns, meet certification standards, and fortify their commitment to workplace equality and compliance.