Top 20 global companies for gender equality

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Equileap, the social enterprise seeking to accelerate gender equality, yesterday announced the 200 top performing global companies for gender equality.

According to the media release, United States-based company General Motors took the number one spot, followed by French-based companies L'Oreal, and Kering.

US pharmaceutical business Merck & Co and Singapore's Telecommunications giant StarHub rounded up the top five.

Only two other companies from Singapore made it to the top 200 - Singapore Telecommunications, more widely known as Singtel, and DBS.

Singtel was ranked at 147 with a score of 50 (grade C), while DBS was ranked 192 with a score of 47 (grade: C).

20 top performing global companies for gender equality

#1 General Motors Country: United States Sector: Consumer, Cyclical Score: 71 Grade: B+

#2 L'Oréal Country: France Sector: Consumer, Non-cyclical Score: 71 Grade: B+

#3 Kering Country: France Sector: Consumer, Cyclical Score: 68 Grade: B+

#4 Merck  Country: United States Sector: Consumer, Non-cyclical Score: 67 Grade: B+

#5 StarHub  Country: Singapore Sector: Communications Score: 66 Grade: B+

#6 Tele2 Country: Sweden Sector: Communications Score: 66 Grade: B+

#7 Westpac Country: Australia Sector: Financial Score: 66 Grade: B+

#8 National Australia Bank  Country: Australia Sector: Financial Score: 66 Grade: B+

#9 Swedbank Country: Sweden Sector: Financial Score: 65 Grade: B

#10 JPMorgan Chase  Country: United States Sector: Financial Score: 64 Grade: B

#11 Diageo Country: UK Sector: Consumer, Non-cyclical Score: 64 Grade: B

#12 Stora Enso Country: Finland Sector: Basic Materials Score: 63 Grade: B

#13 Stockland Country: Australia Sector: Financial Score: 63 Grade: B

#14 Société Générale  Country: France Sector: Financial Score: 63 Grade: B

#15 Schneider Electric Country: France Sector: Industrial Score: 63 Grade: B

#16 Citigroup Country: United States Sector: Financial Score: 62 Grade: B

#17 WPP Country: UK Sector: Communications Score: 62 Grade: B

#18 UBS Country: Switzerland Sector: Financial Score: 61 Grade: B

#19 Gjensidige Forsikring Country: Norway Sector: Financial Score: 61 Grade: B

#20 Television Francaise Country: France Sector: Communications Score: 61 Grade: B

The Equileap Ranking assesses the progress of public companies towards gender equality based on 19 criteria. This year Equileap researched and ranked all public companies with a market capitalisation of more than USD 2 billion in 23 developed countries as of January 2018 - 3,206 companies in total, which make up the current Equileap Universe.

Each company was put through Equileap’s research process in a series of stages, firstly a primary ranking was created using a limited number of criteria. The best one third of the companies from this step were then researched in depth by Equileap's team, to compile the 2018 Equileap top 200 ranking. All data is drawn from publicly available material.

Among the 23 countries assessed, Norway took the top spot, with 43% of its companies featuring in the top 200. This was followed by Israel (40%), Belgium (38%), and Australia (36%) with at least 35% of eligible companies reaching the top 200.

A second group - The Netherlands (33%), Portugal (33%), Sweden (32%), France (27%), New Zealand (25%), Spain (24%), and Finland (21%) - has seen improvement, but still have a way to go, with more than a fifth of their eligible companies making the top 200.

A third group which is not currently making much overall progress includes Singapore (19%), Germany (18%), UK (18%), and Switzerland (15%) where between 20% and 15% of eligible companies make the top 200.

In the lower half, with work to do to catch up are: Italy (11%), United States (11%), Denmark (10%), Canada (9%), and Hong Kong (2%) with 12% or fewer of their eligible companies reaching the top 200.

At the bottom of the class were Austria and Japan where no eligible companies reach the top 200, and last of all is Ireland, where no companies were ranked highly enough to be included in the data sample.

Infographic: Equileap Lead photo / 123RF