WALLDORF — SAP SE (NYSE: SAP) today announced that it is one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women’s equality.
The index doubled in size from 2018 and includes firms from 10 sectors headquartered across 36 countries and regions. Collectively, these firms have a combined market capitalization of US$9 trillion and employ more than 15 million people, of which 7 million are women, around the world. Thirteen markets are represented for the first time this year and include Argentina, China, Israel and South Africa.
Gender equality is a core company value for SAP and a strategic priority for its comprehensive diversity and inclusion efforts. In June 2017, SAP met its board-level goal of having 25 percent of management positions filled by women globally, with a continued commitment to increasing this number each year by 1 percent, to reach 30 percent by 2022. This recognition from Bloomberg follows SAP’s recertification of the Economic Dividends for Gender Equality (EDGE) global standard in October 2018, which also recognized its strategic commitment to creating a gender-equal workplace that benefits employees, customers and partners.
Bloomberg’s standardized reporting framework offers public companies the opportunity to disclose information on how they promote gender equality across four separate areas — company statistics, policies, community engagement and products and services. Reporting companies that score above a globally established threshold, based on the extent of disclosures and the achievement of best-in-class statistics and policies, are included in the GEI. Demand for products and services using environmental, social and governance data has seen a significant increase over the last years, as a growing number of investors are looking to incorporate environmental, social and governance data into their investment decisions. Still, currently only 10 percent of eligible companies are disclosing their workplace gender policies and practices.
“We applaud SAP and the other 229 firms tracked by the index for their action to measure gender equality through the Bloomberg GEI framework,” said Peter T. Grauer, chairman of Bloomberg and founding chairman of the U.S. 30% Club. “SAP’s GEI inclusion is a strong indicator to its employees, investors and industry peers alike that it is leading by example to advance ongoing efforts for a truly inclusive workplace.”
For more information on the GEI and to see the full list of companies included, read the Bloomberg press release: Bloomberg Gender-Equality Index Doubles in Size, Recognizing 230 Companies Committed to Advancing Women in the Workplace.
Sue Sutton, SAP, +1 (610) 661-4095, email@example.com, ET
SAP News Center press room; firstname.lastname@example.org
Veronika Henze, Bloomberg LP, +1 (646) 324-1596, email@example.com
Jacqueline Gogel, Vested, +1 (917) 765-8720, firstname.lastname@example.org
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2019 SAP SE. All rights reserved.
SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see https://www.sap.com/copyright for additional trademark information and notices.