When Mary Barra took the reigns as CEO of General Motors, she ignited a cultural shift at the automaker. Years later, her work has been recognized. GM was named the number one company in the world for gender equality.
The report comes from Equileap, based in London, England, and Amsterdam. The company, formed in 2016, looks at a variety of criteria when producing its top companies. This year, GM bumped cosmetics maker L’Oreal from the top spot.
“We have seen organizations making great strides toward improved gender equality in the past 12 months,” said Equileap CEO Diana van Maasdijk. She added the companies named in the study are still an exception to the norm. “There is a long way to go until we reach the goal of true global equality in the workplace for everyone,” she added.
Equileap looked at 3,000 companies based in 23 companies to compile its rankings. With 19 criteria, the firm began sorting through the thousands of companies. Criteria included equal pay, work flexibility, gender equality in leadership, policies promoting gender equality and commitment, transparency, and accountability.
GM topped the list and criteria because of its equal split in the boardroom. Of the largest 20 companies in the United States, GM is the only company that has both a female CEO and and an equal number of men and women on its board of directors. However, this past June, GM added Devin Wenig, president and CEO of eBay, to the board, which turned the split to 6 men and 5 women. The move was completed after the study, however.
The automaker has also named Dhivya Suryadevara as its next CFO, which the firm also said was a positive step in gender equality.
Additionally, GM was one of only two companies globally that has pay equality in the top, middle and lower employment bands. The firm found no evidence of a gender pay gap across the company. GM also offers flexible work locations and has put new measures in place to protect women from sexual harassment in the workplace.