The Estee Lauder Companies Named to Bloomberg's Gender-Equality Index for the Sixth Consecutive Year
March 07, 2023 at 05:29 am EST
Share
We are pleased to announce that ELC has been named to the 2023 Bloomberg Gender-Equality Index (GEI) for the sixth year in a row. ELC continues to improve its index score as we continue to deepen our commitments to women's advancement and gender equity-ensuring our employees have equitable access to career advancement, pay parity, and opportunity across ELC worldwide.
ELC joins 483 other companies as a member of the 2023 GEI, a modified market capitalization-weighted index developed to gauge the performance of public companies dedicated to reporting gender-related data. This reference index measures gender equality across five pillars-leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand. 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.
"We are honored to be included in the Bloomberg Gender-Equality Index for the sixth year in a row. We feel a deep sense of responsibility to address the systemic barriers that face women at work and in the world," said Sara E. Moss, Vice Chairman, The Estee Lauder Companies. "As a company founded by a woman, gender equity is in our DNA. We honorourlongstanding legacy today by making strides on our commitments, staying accountable, and leveraging our platform to make gender equity a reality for women at our company and beyond."
ELC submitted a social survey created by Bloomberg, in collaboration with subject matter experts globally. Both the survey and the GEI are voluntary and have no associated costs. Bloomberg collected this data for reference purposes only. The index is not ranked. While all public companies are encouraged to disclose supplemental gender data for their company's investment profile on the Bloomberg Terminal, those that have a market capitalization of $1 billion are eligible for inclusion in the GEI.
This announcement follows similar recognition of ELC's commitments by numerous organizations, including Forbes (2022 America's Best Employers for Diversity), Seramount (2022 Top Companies for Executive Women) and Glassdoor (Best Places to Work 2022).
About Bloomberg:
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.
The Estée Lauder Companies Inc. is one of the 1st world cosmetics groups. Products are sold under brands (Estée Lauder, Aramis, Clinique, Lab Series, Origins, M·A·C, Bobbi Brown, La Mer, Aveda, Jo Malone London, Bumble and bumble, Darphin, Smashbox, Le Labo, Editions de Parfums Frédéric Malle, GLAMGLOW, Kilian Paris, Too Faced, Dr. Jart+, DECIEM and The Ordinary) and under brands of licenses (Tommy Hilfiger, Donna Karan New York, DKNY, Michael Kors, Tom Ford, Dr. Andrew Weil, Ermenegildo Zegna and AERIN). Net sales break down by family of products as follows:
- skin care products (58.4%);
- make-up products (25.9%);
- perfumes (11.9%);
- hair care products (3.5%);
- other (0.3%).
At the end of June 2021, products are marketed through about 1,600 outlets worldwide, distributed between large stores, perfume shops, pharmacies, beauty institutes and exclusive shops, and via Internet.
The group has 10 production sites worldwide.
Net sales are distributed geographically as follows: Americas (23.4%), Europe/Middle East/Africa (42.8%) and Asia/Pacific (33.8%).