The Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced its inclusion on the 2022 Bloomberg Gender-Equality Index (GEI).
The Bloomberg GEI is a global modified market capitalisation-weighted index that collects gender-related social metrics and data performance from publicly held companies that are committed to transparency in gender-related reporting and in implementing gender equality in their workplaces.
“It is of utmost importance to us at CIB to ensure that our internal policies reflect our commitment to creating a safe and empowering environment for women,” said Mohamed Sultan, the CIB’s CEO.
“Creating such an environment will help foster the talents of all our employees equally.”
“We continuously strive to implement the values of fairness and equality — part of CIB’s ethos — in our work environment and culture, business practices, and our community,” said Dalia Abdel Kader, the CSO at CIB.
“We are deeply honoured to have these efforts recognised for the fourth year in a row by Bloomberg, and we aim to always contribute to their efforts in creating a new standard of transparency in data reporting.”
“We are proud to recognise CIB 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,” said Peter T. Grauer, the Chairperson of Bloomberg and Founding Chairperson of the US 30% Club.
“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.”
The CIB submitted a detailed social survey created by Bloomberg in collaboration with subject matter experts globally. Those included on this year’s index scored at or above a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies.
The GEI’s scoring methodology takes into consideration everything from equal pay and gender pay parity to anti-sexual harassment policies. This gives companies the opportunity to continuously improve their metrics and foster a safe and inclusive work environment, thus attracting capital and potential talent and investors.