HBI Staff | Hyderabad 
Equileap the leading data provider dedicated to advancing gender equality and diversity & inclusion in the corporate world, unveils its inaugural Gender Equality Report & Ranking for emerging markets, alongside the launch of the Solactive Equileap Emerging Markets Gender Equality Index. Setting a new benchmark for inclusive investing, this index represents a significant milestone in Equileap’s mission to foster gender equality globally.
Equileap’s report shows that, on average, companies in emerging markets such as India, Taiwan, and South Korea outshine counterparts in the US in their eorts to narrow the gender pay gap and in the UK for combating sexual harassment in the workplace. This report marks a significant expansion of Equileap’s research scope, encompassing nearly 1,500 companies across 24 emerging markets in the Americas, EMEA (Europe, Middle East and Africa), and APAC (Asia-Pacific), and representing 43 million employees around the globe.
/ Gender pay gap: the U.S. falls short
Companies in Taiwan, India, and South Korea, are setting the pace on gender pay gap transparency, leaving the U.S. trailing behind.
● 88% of South Korean companies publish gender pay information without any legal obligation to do so. In the U.S., 13% of companies publish their gender pay gap, while in the UK, 86% of companies disclose this information largely due to statutory requirements.
● Taiwan, India, and Turkey, among the biggest markets, all surpass the U.S. (at 13%) in disclosing gender pay gap data, with rates of 76%, 65%, and 20% respectively.
● A total of 14 companies in emerging markets have closed their gender pay gap, compared to 6 companies in the US.
Diageo India (United Spirits Limited) has earned a prestigious spot among the Top 20 companies in Equileap’s Gender Equality Report & Ranking for Emerging Markets.
Shilpa Vaid, Chief Human Resources Officer (CHRO) at Diageo India, has expressed her thoughts on this significant achievement:
“At Diageo, championing inclusion and diversity is central to our purpose of celebrating life, every day, everywhere. It is core to our Performance Ambition, Spirit of Progress 2030 ESG agenda and our People Strategy & is a key driver of performance and competitive advantage for attracting, retaining, and nurturing the best talent. We are delighted that Diageo India (United Spirits Limited) has been featured among the Top 20 companies in Equileap’s Gender Equality Report & Ranking for Emerging Markets. This recognition is a testament to our commitment to support gender equality through representation, market leading and gender agnostic policies and embedding a truly inclusive culture.”
