Banking software firm Temenos will join the 2022 Bloomberg Gender-Equality Index (GEI), reflecting its commitment to encouraging young women into IT careers and growing female representation at senior levels.
Temenos: GEI score and gender inclusion
Temenos’ overall GEI score was 72.64%, which is 3% higher than the technology sector average. The firm also achieved a perfect 100% disclosure score compared to the 95.35% average for the sector.
Based in Geneva, Switzerland, the company’s impressive performance on the index is reflected in the continuous improvement of female representation in the firm, both generally and at leadership level.
In 2020, the number of women in the under 30’s category grew to 48%, which was up from 35% in 2014. During the same period, female representation in senior management positions increased from 22% to 43%. Today, 35% of its global workforce identify as women, which is 10% higher than the IT sector average.
Temenos’ programmes prove their commitment to increasing STEM gender diversity not just in the company, but at a global level. Their Adopt-iT: India CSR Program seeks inclusive education for high school girls and supports young women in India to pursue STEM studies at University, while their Kenya CSR program advances the financial literacy of local communities, and improves female participation in financial services through community self-help groups of trainee entrepreneurs.
The Bloomberg GEI and criteria for joining
The Bloomberg GEI is a modified market capitalization-weighted index that tracks the performance of public companies that are committed to transparency in gender-data reporting. They measure 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.
To be included, companies must have a GEI score above a global threshold established by Bloomberg to reflect a high level of disclosure and overall performance across these five dimensions. In short, the level of disclosure, data excellence, and performance across these pillars will determine a firm’s score.
The goal of the GEI is for member companies to publicly share their gender-related data, showing their desire to achieve gender parity in their workplace via transparent, detailed and comparable reporting.
Temenos is one of 418 companies globally to join the GEI, one of nine companies in Switzerland, and one of only 44 technology firms globally. They join global businesses such as HSBC on the index.
Kalliopi Chioti, Chief ESG Officer, Temenos said: “Temenos is a truly global and diverse team of 82 nationalities in 60+ offices across 40 countries. Our differences are our strengths. We are diverse and inclusive, while at the same time, we reflect our diverse client community of over 3,000 banks in 150 countries.
“To be recognised in this global benchmark index highlights our strong commitment to gender-related data transparency and reporting. It also shows to our stakeholders how we are contributing to a global, diverse, inclusive and sustainable world of banking that creates opportunities for everyone.”
Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club, said: “We are proud to recognise Temenos and the other 417 companies included in the 2022 GEI for their commitment to transparency and setting a new standard in gender-related data reporting.
“Even though the threshold for inclusion in the GEI has risen, the member list continues to grow. This is a testament that more companies are working to improve upon their gender-related metrics, fostering more opportunity for diverse talent to succeed in their organisations.”
For more information about GEI Index inclusion, click here.