DBS included on Bloomberg Gender-Equality Index for sixth year running
Singapore, Regional.31 Jan 2023
Singapore, Regional, 31 Jan 2023 - DBS has been named to the 2023 Bloomberg Gender-Equality Index (GEI), marking the sixth consecutive year it has been listed on the reference index since it was first launched in 2018.
Lee Yan Hong, Group Head of Human Resources at DBS, said, “To be listed in the Bloomberg Gender-Equality Index for six years running reaffirms our commitment to embracing diversity, equity and inclusion to attract the best people, build the best teams and produce the best work to serve our customers, businesses and the community. Today, women make up half of our workforce, 40% of our senior management, and drive key businesses and functions across the bank. We believe the diversity of our people is a powerful competitive advantage that enables us to continually innovate and reimagine the future of banking.”
DBS offers a range of policies including flexible work arrangements, maternity leave and paternity leave to support employees in different life stages in meeting their personal commitments. All employees with a newborn or a newly adopted child are given the flexibility to work from home 100% of the time for six months. In 2020, DBS became one the first Singapore companies to roll out a formal job-sharing scheme where two employees can share the responsibilities of one full-time role, while retaining all existing medical benefits in full and maintaining full coverage under the bank’s insurance plans.
In 2021, DBS partnered “Lean In”, the global movement committed to driving workplace inclusion, to build social learning communities within the bank to foster mentorship and growth. As part of the programme, employees are connected to colleagues in similar career stages or with similar interests to have honest and open conversations on topics such as balancing work and family, and challenging gender bias. DBS also runs regular employee programmes on unconscious bias to help its people become more aware of implicit biases, including gender bias, and provide practical tools for employees to manage these hidden biases.
Last year, DBS announced a series of enhanced employee benefits to better cater to the changing needs of its diverse workforce. These include:
The GEI is a modified market capitalisation-weighted index which gauges the performance of public companies dedicated to transparency in reporting gender-related data. The GEI framework includes over 70 metrics across five pillars: leadership and talent pipeline; equal pay and gender pay parity; inclusive culture; anti-sexual harassment policies; and external brand.
Companies 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. A total of 484 companies from 45 countries and regions out of a starting universe of more than 15,000 companies in Bloomberg’s Environmental, Social and Governance coverage were included in the 2023 GEI.
For more information on the GEI, visit https://www.bloomberg.com/gei.
About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.
Lee Yan Hong, Group Head of Human Resources at DBS, said, “To be listed in the Bloomberg Gender-Equality Index for six years running reaffirms our commitment to embracing diversity, equity and inclusion to attract the best people, build the best teams and produce the best work to serve our customers, businesses and the community. Today, women make up half of our workforce, 40% of our senior management, and drive key businesses and functions across the bank. We believe the diversity of our people is a powerful competitive advantage that enables us to continually innovate and reimagine the future of banking.”
DBS offers a range of policies including flexible work arrangements, maternity leave and paternity leave to support employees in different life stages in meeting their personal commitments. All employees with a newborn or a newly adopted child are given the flexibility to work from home 100% of the time for six months. In 2020, DBS became one the first Singapore companies to roll out a formal job-sharing scheme where two employees can share the responsibilities of one full-time role, while retaining all existing medical benefits in full and maintaining full coverage under the bank’s insurance plans.
In 2021, DBS partnered “Lean In”, the global movement committed to driving workplace inclusion, to build social learning communities within the bank to foster mentorship and growth. As part of the programme, employees are connected to colleagues in similar career stages or with similar interests to have honest and open conversations on topics such as balancing work and family, and challenging gender bias. DBS also runs regular employee programmes on unconscious bias to help its people become more aware of implicit biases, including gender bias, and provide practical tools for employees to manage these hidden biases.
Last year, DBS announced a series of enhanced employee benefits to better cater to the changing needs of its diverse workforce. These include:
- Increasing flexible spending accounts by up to 5X, giving employees more options to care for themselves and their families based on their unique needs and circumstances
- Providing incentive top-ups to flexible spending accounts for employees who achieve specific well-being goals
- Availing to all employees and their dependents round-the-clock, complimentary access to trained psychologists and counsellors to provide added support for personal or work issues
- Increasing maternity coverage and dental insurance in some markets
The GEI is a modified market capitalisation-weighted index which gauges the performance of public companies dedicated to transparency in reporting gender-related data. The GEI framework includes over 70 metrics across five pillars: leadership and talent pipeline; equal pay and gender pay parity; inclusive culture; anti-sexual harassment policies; and external brand.
Companies 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. A total of 484 companies from 45 countries and regions out of a starting universe of more than 15,000 companies in Bloomberg’s Environmental, Social and Governance coverage were included in the 2023 GEI.
For more information on the GEI, visit https://www.bloomberg.com/gei.
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About DBS
DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank's "AA-" and "Aa1" credit ratings are among the highest in the world.
Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia“ award by Global Finance for 14 consecutive years from 2009 to 2022.
DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.
DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting social enterprises: businesses with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping communities with future-ready skills and building food resilience.
With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.