AUBURN HILLS, Mich.,
Jan. 27, 2021 /PRNewswire/ --
BorgWarner Inc. today announced that it is one of 380 companies
across 11 sectors included in the 2021 Bloomberg Gender-Equality
Index (GEI). The GEI expanded in 2021 to represent 44 countries and
regions, including firms headquartered in Indonesia and Bermuda for the first time. Companies range
from a variety of industries, including automotive, banking,
consumer services, engineering and construction, and retail.
![Bloomberg Gender-Equality Index 2021 Logo Bloomberg Gender-Equality Index 2021 Logo](https://mma.prnewswire.com/media/1427898/bloom.jpg)
"We are proud of the significant headway we have made to ensure
we're cultivating a diverse, unbiased workforce, and honored to
once again be included in the Bloomberg Gender-Equality Index among
so many other highly respected companies," said Felecia Pryor, Executive Vice President and
Chief Human Resources Officer, BorgWarner Inc. "We are not finished
in our pursuit of a workplace that embraces gender equality. At
BorgWarner, we have the passion, drive and energy to continue
diversifying our talent pool and nurture an inclusive culture that
affords everyone equal opportunity to grow and thrive."
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. The comprehensive, transparent GEI scoring methodology
allows investors to assess company performance and compare across
industry peer groups.
The reference index measures gender equality across five
pillars: female leadership and talent pipeline, equal pay and
gender pay parity, inclusive culture, sexual harassment policies,
and pro-women brand.
The 2020 GEI included 325 companies headquartered across 42
countries and regions. BorgWarner Inc. was also included in the
2020 GEI.
"The companies included in the 2021 GEI are expanding the ESG
data universe to include gender-related data that investors are
demanding today," said Peter T.
Grauer, Chairman of Bloomberg. "Their commitment to
disclosure is making the business case for inclusion, and driving
transparency in the markets."
Through disclosure of gender-related metrics using the GEI
framework, the firms included in the 2021 GEI have committed to
provide a comprehensive look at their investment in workplace
gender equality and the communities in which they operate, raising
the bar of what should be expected from other companies within the
same industry. BorgWarner Inc. was included in this year's index
for scoring at or above a global threshold established by Bloomberg
to reflect a high level of disclosure and overall performance
across the framework's five pillars.
Both the framework and the GEI are voluntary and have no
associated costs. The GEI is a reference index and is not for use
as a financial benchmark. The index is not ranked. While all public
companies are encouraged to disclose supplemental gender data for
their company's investment profile on the Bloomberg Terminal, those
that have a market capitalization of USD1
billion are eligible for inclusion in the index. To learn
more please visit the GEI website. Bloomberg Terminal subscribers
can access the GEI at {BGEI <GO>}.
About BorgWarner
BorgWarner Inc. (NYSE: BWA) is a global product leader in clean
and efficient technology solutions for combustion, hybrid and
electric vehicles. Building on its original equipment expertise,
BorgWarner also brings market leading product and service solutions
to the global aftermarket. With manufacturing and technical
facilities in 99 locations in 24 countries, the company employs
approximately 48,000 worldwide. For more information, please visit
borgwarner.com.
Statements in this presentation may constitute forward-looking
statements as contemplated by the 1995 Private Securities
Litigation Reform Act that are based on management's current
outlook, expectations, estimates and projections. Words such as
"anticipates," "believes," "continues," "could," "designed,"
"effect," "estimates," "evaluates," "expects," "forecasts," "goal,"
"guidance," "initiative," "intends," "may," "outlook," "plans,"
"potential," "predicts," "project," "pursue," "seek," "should,"
"target," "when," "will," "would," and variations of such words and
similar expressions are intended to identify such forward-looking
statements. Forward-looking statements are not guarantees of
performance, and the Company's actual results may differ materially
from those expressed, projected or implied in or by the
forward-looking statements. These risks and uncertainties, among
others, include: our dependence on automotive and truck production,
both of which are highly cyclical; our reliance on major OEM
customers; commodities availability and pricing; supply
disruptions; fluctuations in interest rates and foreign currency
exchange rates; availability of credit; our dependence on key
management; our dependence on information systems; the uncertainty
of the global economic environment; the outcome of existing or any
future legal proceedings, including litigation with respect to
various claims; future changes in laws and regulations, including,
by way of example, tariffs, in the countries in which we operate;
and other risks noted in reports that we file with the Securities
and Exchange Commission, including Item 1A, "Risk Factors" in our
most recently filed Annual Report on Form 10-K. We do not undertake
any obligation to update or announce publicly any updates to or
revisions to any of the forward-looking statements in this
presentation to reflect any change in our expectations or any
change in events, conditions, circumstances, or assumptions
underlying the statements.
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SOURCE BorgWarner