Bread Financial® included in 2023 Bloomberg Gender-Equality Index (GEI) for fifth consecutive year
The GEI provides insight into an opaque area of ESG data reporting
COLUMBUS, OHIO - March 2, 2023 – Bread Financial (NYSE: BFH), a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions, today announced that it joins 483 other public companies as a member of the 2023 Bloomberg Gender-Equality Index (GEI), a modified market capitalization-weighted index developed to gauge the performance of public companies’ commitment to reporting gender-related data. The index measures gender equality across five pillars: leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and external brand.
The 2023 GEI represents 45 countries and regions, and includes firms headquartered in Luxembourg, Ecuador, and Kuwait for the first time. Member companies represent a variety of sectors, including financial services, technology and utilities, these three of which continue to have the highest company representation in the index from 2022.
“We are again pleased and proud of this third-party validation of our intentional efforts to foster and report on our diversity, equity and inclusion initiatives at all levels of our company,” said Ralph Andretta, president and chief executive officer, Bread Financial. “Bread Financial is committed to sustainable business practices that fuel our long-term success and make our culture strong, and this recognition reflects those efforts.”
We are again pleased and proud of this third-party validation of our intentional efforts to foster and report on our diversity, equity and inclusion initiatives at all levels of our company."
Ralph Andretta - President & CEO, Bread Financial
“Congratulations to the companies that are included in the 2023 GEI,” said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. “We continue to see an increase in both interest and membership globally, reflecting a shared goal of transparency in gender-related metrics.”
Bread Financial submitted a 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.
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 USD1 billion are eligible for inclusion in the Index.
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About Bread Financial®
Bread Financial® (NYSE: BFH) is a tech-forward financial services company that provides simple, personalized payment, lending and saving solutions to millions of U.S. consumers. Our payment solutions, including Bread Financial general purpose credit cards and savings products, empower our customers and their passions for a better life. Additionally, we deliver growth for some of the most recognized brands in travel & entertainment, health & beauty, jewelry and specialty apparel through our private label and co-brand credit cards and pay-over-time products providing choice and value to our shared customers.
To learn more about Bread Financial, our global associates and our sustainability commitments, visit breadfinancial.com or follow us on Instagram and LinkedIn.
