Northern Trust announced today that it is one of 104 companies included in Bloomberg’s first sector-neutral Gender-Equality Index (GEI).
For inclusion in the index, Northern Trust submitted a survey created by Bloomberg in partnership with third-party groups including Catalyst, Women’s Word Banking, Working Mother Media, National Women’s Law Center, and National Partnership for Women & Families. Those included on this year’s index scored at or above Bloomberg’s global threshold to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.
“Northern Trust is proud to be recognized among companies that believe that transparency is a critical component of addressing gender issues,” said Connie Lindsey, head of Corporate Social Responsibility and Global Diversity and Inclusion at Northern Trust. “Northern Trust’s inclusion on Bloomberg’s GEI supports the firm’s principles and the values of our employees, clients and stakeholders.”
Women in GEI member firms comprised 46 percent of the workforce on average, earned 46 percent of the promotions, held 26 percent of senior leadership positions, and 19 percent of executive officer roles. Furthermore, GEI member firms boasted a 33 percent increase in executive level positions from fiscal year 2014-2016 and 26 percent representation on boards.
"We commend Northern Trust and the other 103 companies included in the 2018 GEI for their efforts to create work environments that support gender equality across a diverse range of industries," said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. "Their leadership sets an important example that will help all organizations innovate and navigate the growing demand for diverse and inclusive workplaces."
This year Bloomberg measured companies across a variety of sectors such as communication, consumer staples, energy, financial, health care, industrial, materials and technology. The GEI measures gender equality across internal company statistics, employee policies, community support and engagement, and gender-conscious product offerings. The survey is voluntary, with no associated fees.
Northern Trust is consistently recognized for exemplary business practices and was recently named to FORTUNE Magazine’s “World’s Most Admired Companies” list, and ranked #1 in Forbes Magazine’s “Best Employers for Diversity” list.
For more information on the Bloomberg’s GEI visit https://www.bloomberg.com/professional/sustainable-finance.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 23 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of December 31, 2017, Northern Trust had assets under custody/administration of US$10.7 trillion, and assets under management of US$1.2 trillion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.