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Scentre Group has announced that this year for the first time it has been included in the Bloomberg Gender-Equality Index (GEI), as one of 325 companies globally and one of nine in Australia.
The GEI showcases leadership on gender equality across multiple dimensions and tracks the financial performance of public companies committed to supporting gender equality through policy development, representation, and transparency. The index measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand.
Scentre Group CEO Peter Allen said: “We are addressing gender equality on a number of fronts to ensure we drive strong employee engagement and retention and improve our productivity and business performance. This includes a board-endorsed diversity and Inclusion policy, an executive team endorsed D&I strategy and an active D&I Council driven by employee-led working groups.”
Allen said Scentre Group has a Gender Equity Working Group as part its D&I Council to remain focused on targets and address any perceived barriers for women to achieve more senior executive roles.
“We provide equitable pay for like roles by gender and have continued to increase the proportion of women at all levels of management, with women currently representing 44 per cent of all people managers and 28 per cent at senior executive level,” Allen said.
“We recently updated our parental leave policy to provide more options for our employees to ‘share the care’ including doubling the amount of paid leave for secondary carers from two to four weeks and reducing the qualifying service requirement for paid parental leave from 12 to six months.”