BMO Recognized in Bloomberg Financial Services Gender-Equality Index
Measures the Bank's Strong Commitment to Gender Equality
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 05/03/16 -- BMO Financial Group today announced that it is one of 26 firms recognized in the 2016 Bloomberg Financial Services Gender-Equality Index (BFGEI). The new index provides investors and organizations with standardized aggregate data across company gender statistics; employee policies; gender-conscious product offerings; and external community support and engagement.
"For more than two decades BMO has been committed to creating an equitable and inclusive workplace," said Sonya Kunkel, Chief Inclusion Officer and Vice-President, People Strategies and Insight, BMO Financial Group. "Through progressive practices that systematically identify and remove barriers to inclusion and fairness, we have created a workplace in which embracing diversity has become a set of behaviours that our people live every day."
Companies included on this year''s index scored at or above 60 points, a global threshold established by Bloomberg to reflect disclosure and the achievement or adoption of best-in-class statistics and policies. BMO''s BFGEI score was 81.79 compared to companies whose scores ranged from 63 to 87.
All companies on the list have made requisite progress with respect to their internal diversity practices and policies, however BMO''s efforts to encourage gender diversity outside of the bank, to help female clients manage their wealth and women pursue successful careers within financial services, garnered additional notice and praise from the judges:
In 2012, BMO established a "diversity renewal agenda" where each line of business created action plans to increase the diversity of their talent pools and succession slates. These initiatives were not just aimed at aggressive workforce goals - such as 40% female representation in the bank''s senior leadership ranks - but also shifting the mindset and culture throughout the enterprise.
The program, which held leaders accountable for finding and advancing women in their own talent pools, garnered strong leadership commitment and gave birth to sponsorship programs that support the development of high-potential women:
"Drawing on different perspectives of leaders and employees makes us more innovative as a company," said Ms. Kunkel. "These initiatives are working, and not just in achieving better business performance, but also in keeping BMO working continually to address the underlying attitudes that get in the way of progress."
"We hope the BFGEI encourages more firms to disclose and discuss gender equality in the workplace," said Bloomberg L.P. Chairman Peter T. Grauer. "Better support for female employees is crucial to building and developing a diverse workforce - and it''s key to remaining competitive in today''s global business environment."
About BMO Financial Group
Established in 1817, BMO Financial Group is a highly diversified financial services provider based in North America. With total assets of $699 billion as of January 31, 2016, and close to 47,000 employees, BMO provides a broad range of retail banking, wealth management and investment banking products and services to more than 12 million customers and conducts business through three operating groups: Personal and Commercial Banking, Wealth Management and BMO Capital Markets.
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Datum: 03.05.2016 - 08:04 Uhr
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