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February 6, 2021
We're thrilled and honored to have been selected to Bloomberg's Gender-Equality Index (GEI) for 2021. The GEI is published annually by the business-focused media company as a resource for investors and standardizes, measures and contextualizes workplace gender metrics data supplied to Bloomberg voluntarily by companies. According to Bloomberg, "the GEI tracks the performance of public companies committed to disclosing their efforts to support gender equality through policy development, representation and transparency.” This is the first year that Alnylam has been included in the Index, and the first year we’ve submitted for inclusion.
Companies who submit for inclusion in the GEI (at no cost) use Bloomberg's standardized reporting framework which is comprised of 59 questions, based on optional disclosure metrics related to five evaluation areas:
Inclusion in the GEI for the first time is exciting and notable because it not only reflects Alnlyam's commitment to fostering a diverse, equitable and inclusive work environment in which all of our employees can thrive, but also to using gender data voluntarily provided by employees to set and evaluate our progress against important internal DE&I goals we've established for ourselves. - Sara Nochur, Alnylam's Chief DE&I Officer.
Included companies are not ranked. The 2021 GEI consists of 380 companies, headquartered in 44 countries and regions, across 11 sectors with a combined market capitalization of $14 trillion (USD). Alnylam was one of 22 healthcare sector companies selected to the list.
Said Kelley Boucher, Alnylam's Chief Human Resource Officer. "We, like many companies, are always seeking ways to better assess our efforts to attract, retain and develop our talent. GEI submission is an important exercise which forces us to be introspective and analytical across a number of important DE&I focus areas. Inclusion on this year's list is also an important signal to current and prospective employees that we not only take DE&I very seriously but that we are being externally recognized for our progress."
The GEI brings transparency to gender-related practices and policies at publicly-listed companies, increasing the breadth of environmental, social, governance (ESG) data available to investors. At a time when it is critical for firms to demonstrate their commitment to gender equality, the companies included in this year’s index are setting an example for more transparent reporting and disclosure of social data.
“As we continue to grapple with the pandemic, we’ve seen companies put increased emphasis on the ‘S’ in ESG,” said Peter T. Grauer, Chairman of Bloomberg. “The companies included in this year’s Gender-Equality Index are committed to providing an inclusive work environment, supporting work-life balance and flexible work arrangements to retain a talented workforce and create a competitive advantage in this changing business environment.”
Despite raising the threshold for inclusion in the 2021 index, a record number of companies disclosed their data, and the quality of disclosure continues to improve. This year, GEI companies had a 94% disclosure score on average. While the average disclosure score was high, the average data excellence score was 55%, making it evident there is still work that needs to be done.
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