The 2019 Gender-Equality Index highlights 230 firms that are trailblazers in their commitment to transparency in workplace gender reporting
MORRISVILLE – January 16, 2019 – Lenovo has been recognized as one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI) which distinguishes companies committed to transparency in gender reporting and advancing women’s equality.
The index includes firms from 10 sectors headquartered across 36 countries and regions. Collectively, these firms have a combined market capitalization of USD9 trillion and employ more than 15 million people, of which 7 million are women, around the world. Thirteen markets are represented for the first time this year and include Argentina, Mainland China, Israel and South Africa.
“It’s an honor to be recognized,” said Seth Smiley-Humphries, Director of Global Diversity for Lenovo. “Lenovo is putting diversity and inclusion at the forefront of its workplace culture and client relationships, and to be considered for this acknowledgement is evidence that we’re working in the right direction toward achieving better opportunities for all.”
Lenovo recently released its first Global Diversity & Inclusion (D&I) Report to share an ongoing commitment to increasing worldwide representation and opportunity. Lenovo has a global employee base of over 54,000 employees, operating in more than 60 countries around the world, with women comprising 35% of the workforce. Women currently represent 18.8% of global executive positions within the company. Lenovo is progressing toward a goal of achieving 20% global women executives by the year 2020 through programs like the Women’s Leadership Development Program, dedicated to advancing high-potential females through professional development training.
“Lenovo’s GEI inclusion is a strong indicator to its employees, investors and industry peers alike that it is leading by example to advance ongoing efforts for a truly inclusive workplace.” said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club.
Disclosures from firms included in the 2019 GEI provide a wide-ranging and comprehensive look at how companies around the world are investing in women. According to GEI data:
- Women had a 40% increase in executive level positions between fiscal years 2014-2017.
- 60% of firms conduct compensation reviews to identify gender-based variations in pay to close their average 20% pay gap (18% on average in the Americas, Europe, Africa and Middle East regions and 26% in Asia-Pacific).
- 34% have programs in place to recruit women looking to return to work after a career break.
- For U.S. employees, the average number of weeks of fully paid primary leave offered is 13 weeks, and the average number of weeks of fully paid secondary leave offered is 5 weeks.
- 43% of firms cover gender reassignment services in health insurance plans.
- 68% of firms evaluate all advertising and marketing content for gender biases prior to publication.
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Lenovo (HKSE: 992) (ADR: LNVGY) is a US$45 billion Fortune Global 500 company and a global technology leader in driving Intelligent Transformation through smart devices and infrastructure that create the best user experience. Lenovo manufactures one of the world’s widest portfolio of connected products, including smartphones (Motorola), tablets, PCs (ThinkPad, Yoga, Lenovo Legion) and workstations as well as AR/VR devices and smart home/office solutions. Lenovo’s data center solutions (ThinkSystem, ThinkAgile) are creating the capacity and computing power for the connections that are changing business and society. Lenovo works to inspire the difference in everyone and build a smarter future where everyone thrives. Follow us on LinkedIn, Facebook, Twitter, Instagram, Weibo, read about the latest news via our Storyhub, or visit our website at http://www. lenovo.com.