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Last Update: 09/03/2023
Equal pay, an inclusive culture and the promotion of female talent are several areas of our work relating to our commitment to equality. Thanks to this, once again this year we have been ranked among the leading companies in equality, according to the 2023 Bloomberg Gender-Equality Index.
At Santander, we are continuously working in favour of gender equality, with tangible goals. Among these objectives are our commitments for 2025, which include eliminating any pay gap among our professionals and increasing the presence of women in management positions to above 35%. In addition, as a responsible bank, we have various programmes to promote equality among our employees in the countries in which we operate.
of the Group’s employees are women
of senior management posts will be held by women by 2025
of the board of directors are women
of the Group’s employees are women
of senior management posts will be held by women by 2025
of the board of directors are women
For example, in 2018, 20.5% of executive positions were held by women, female directors made up 33% of the board and we had a 3% gender pay equity gap. Currently, women hold 26% of executive positions and 40% of seats on the board, and we have narrowed the gender pay equity gap to 1%.
Santander has also backed initiatives and services for the financial empowerment of women in various parts of the world. These include Prospera in Brazil; Banca Women in Argentina; Generation 81 in Spain; and Tuiio, in Mexico. We have also helped launch programmes that contribute to the progress of women in society, such as De Mujer a Mujer which, together with Fundación Integra in Spain, supports victims of gender-based violence and Reencuentra which encourages women to return to the job market.
As a result, once again, we have been ranked in the top positions of the 2023 Bloomberg Gender-Equality Index (BGEI). We obtained the highest score in the financial sector and the second highest of all the 484 companies analysed, which belong to 11 activity sectors and are based in 45 countries.
What is the Bloomberg Gender-Equality Index?
The Bloomberg Gender-Equality Index is considered a global benchmark and a seal of excellence for companies striving for gender equality. To prepare the index, Bloomberg takes five factors into account: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies and pro-women brand.
For each category, the score is measured on a scale from a minimum of 0% to a maximum of 100%. For example, Santander’s total score is 92.87%, with the main emphasis being on disclosure, anti-sexual harassment policies and pro-women brand.
