Coca-Cola European Partners (CCEP) has strengthened its commitment to an inclusive workforce through its support for two global gender equality initiatives.
The soft drinks distributor has been included in the 2021 Bloomberg Gender Equality Index (GEI) for the first time, and joined the UN Women’s Empowerment Principles (WEPs).
Gender Equality Index
The GEI aims to provide transparency on the gender-related practices and policies of publicly listed companies.
CCEP has followed the GEI framework in providing information on its workplace gender equality, and 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. The pillars consist of female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies, and pro-women brand.
Peter T. Grauer, chairman of Bloomberg, said that the GEI is becoming an important piece of information for investors, and CCEP's "commitment to disclosure is making the business case for inclusion, and driving transparency in the markets.”
Women's Empowerment Principles
Established by the U.N, the WEPs are a set of principles offering guidance to business on how to promote gender equality and women’s empowerment in the workplace, marketplace, and community. WEPs follow international labour and human rights standards, and focus on the responsibility that businesses have for gender equality and empowerment of women.
CCEP has committed to the WEPs, and plans on working within the boundaries set out by the principles. This includes equal pay for work of equal value, gender-responsive supply chain practices, and a zero-tolerance policy against sexual harassment in the workplace.
Damien Gammell, CCEP CEO, said the group's vision "is to be an organisation where different life experiences and perspectives are valued, and empowering women is one of the very important ways we do this.”
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: The European Supermarket Magazine.