American Exp. Named in Bloomberg Gender-Equality Index

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Image of Team Involvement in Diversity, Equity & Inclusion (DEI) Initiatives.

American Express has been included in the 2023 Bloomberg Gender-Equality Index (GEI) for the eighth year in a row. The Index tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation, and transparency.

“Our continued inclusion in the Bloomberg Gender-Equality Index affirms our ongoing commitment to supporting our women colleagues and backing their ambitions,” said Denise Pickett, President Global Services Group and Executive Sponsor of the company’s Global Women’s Interest Network (WIN). “It’s great to see the investments we’ve made to ensure women are engaged, retained, and have opportunities to thrive both professionally and personally at Amex.”

As shared in the company’s recent DE&I report, 53% of American Express’ global workforce are women; 29% of the Board are women, and 53% of the company’s Executive Committee are women or from diverse races and ethnic backgrounds.

Article: The Importance of Gender Equality in the Workplace and its Effect on your Business

The company continues to take steps to make sure that all of its employees have the same opportunities. Some of these steps are:

  • Amex Flex: The company’s new way of working model provides flexibility for colleagues while preserving the important benefits of its collaborative in-person culture. It three designations—hybrid, onsite, and fully virtual—with hybrid offering the most variety to accommodate business and colleague needs.

  • DE&I Action Plan: The company exceeded its initial goal of spending $1 billion toward its DE&I Action Plan ahead of schedule and plans to spend an additional $3 billion through the end of 2025. These investments have included achieving and maintaining pay equity for colleagues across genders globally and increasing spending with underrepresented-owned suppliers.

  • A range of learning and development programmes to help diverse groups of women advance their careers as they explore important leadership skills and build strong networks.

  • Backing colleagues and their loved ones with benefits and programmes that support their holistic well-being, including up to 20+ weeks parental leave for all parents in the U.S. (regardless of gender).

  • Continuing to move the Ambition Project forward in collaboration with the Women's Interest Network (WIN) to inspire female colleagues to pursue their ambitions with confidence and pay it forward.

For more social and governance news

Featured Article: Improving Equality, Diversity and Inclusion In Your Workplace

Source: American Express

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