The bank has once again snatched a place in Bloomberg’s annual global Gender-Equality Index
DBS bank was revealed as the only company in Southeast Asia to secure a top spot on Bloomberg’s annual Gender-Equality Index (GEI). DBS has won the recognition for the fourth year in a row. This year’s GEI featured over 380 companies from across 44 countries and regions worldwide.
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“To be in the GEI’s top global quartile and recognised as best-in-class for gender equality is an important achievement for us,” said Piyush Gupta, CEO at DBS. “It attests to our firm commitment to advancing parity across DBS, and our efforts in building a respectful and inclusive workplace that embraces gender, generational and cultural diversity. We believe gender equality is essential to sustainable growth.”
Currently, the bank’s workforce is made up of 50% females – a slight drop from last year’s figures of 60%. But they’ve managed to maintain a 40% stronghold for senior management positions, with women leading in key functions across the bank’s offices. Besides their standard suite of supportive policies, such as flexible work arrangements, as well as maternity and paternity leave, DBS also rolled out formal job-sharing arrangements in 2020. They’ve also announced plans to introduce more part-time job roles for employees.
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Bloomberg’s GEI is an annual list that recognises companies that bring transparency to gender-related practices and policies, increasing the breadth of environmental, social, governance (ESG) data available to investors. The index is based on a self-disclosure survey on gender-equality performance across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.
