ROBINSONS Land Corp. (RLC) has been recognized by Bloomberg for providing a workplace that promotes gender equality and advancing women.
In a statement Tuesday, the Gokongwei-led property firm said it has been included in Bloomberg’s Gender-Equality Index (GEI) for 2020, joining a list of 325 organizations across the world.
“Robinsons Land Corporation was included in this year’s index for scoring at or above global threshold established by Bloomberg to reflect high level of disclosure and over-all performance across the frameworks’ five pillars: Female Leadership and Talent Pipeline; Equal pay and Gender Pay Parity; Inclusive Culture; Sexual Harassment Polices; and Pro-Women Brand,” it said.
The 2020 index has not been uploaded on Bloomberg GEI’s website as of Tuesday, but RLC said another unnamed listed company from the Philippines made the list. This has been identified on Wednesday as SM Investments Corp.
RLC noted it earned a score of 48.06% in female leadership and talent pipeline, as its women-to-men ratio in leadership positions is 50:50, and seven in 11 of its employees are women.
The company said being recognized by Bloomberg means it has one of the best-in-class policies and benefits to support gender equality.
“…this places RLC alongside some of the biggest and most successful companies in the world with a combined market capitalization of USD 12 trillion,” it said, specifically naming multinationals Unilever, Procter & Gamble, Visa, Nestle, L’Oreal, Lenovo, JPMorgan & Chase, ING, Ford Motor Company, Adidas, and The Coca-Cola Company that made the 2019 Bloomberg GEI.
RLC also noted that Bloomberg GEI is the “world’s only comprehensive investment-quality data source on gender equality.” Bloomberg started tracking gender equality in companies since 2016, but its 2020 index is the first time a Filipino firm made the list.
A recent report by World Bank on gender equality in laws and regulations affecting women’s economic opportunity gave the Philippines a score of 81.3, higher than the global average of 75.2.
In line with this finding, RLC said companies in Bloomberg’s GEI “have shown that they are closing the gap and promoting a culture of inclusivity driving firms’ commitment to building gender-equal communities and workplaces.”
Earnings of RLC in the first three quarters of 2019 grew 12% to P7.31 billion, amid a 40% jump in total revenues to P31.18 billion.
Shares in the firm at the stock exchange gained 80 centavos or 3.05% to P27 apiece on Tuesday. — Denise A. Valdez