UOB's inclusive workplace practices recognised in Bloomberg's Gender-Equality Index for the second consecutive year

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    21 January 2020

    One of only five Singapore companies included in the 2020 Bloomberg Gender-Equality Index

     

    United Overseas Bank Limited (UOB) today announced that its ongoing efforts in promoting an inclusive and fair workplace have been recognised with the Bank’s inclusion in the Bloomberg Gender-Equality Index (GEI). UOB is one of only five Singapore companies to make the index – the second consecutive year it has done so.

     

    The Bloomberg GEI recognises public companies that demonstrate commitment to advancing gender equality at the workplace through policy development, representation and transparency. Mr Peter T. Grauer, Chairman of Bloomberg, said, “The 325 companies included in the 2020 GEI have shown their commitment to transparency and demonstrated leadership in gender-related data reporting. Disclosure of company statistics and practices is an important first step in supporting gender equality globally.”

     

    Mr Dean Tong, Head of Group Human Resources, UOB, said, “At UOB, we believe that as part of providing an inclusive and fair workplace, all colleagues are treated equally and respectfully. By embracing the diverse abilities and strengths of our people, we create a culture where each person understands, appreciates and respects the differences in the experiences and perspectives of one another. This makes for a richer career experience and benefits our business as our people extend the same respect and understanding to our customers and their differing circumstances and needs.”

     

    As at end 2019, women accounted for 60.9 per cent of UOB’s total workforce, with three in ten (35 per cent) senior management positions held by women. Among the department heads who report directly to the Group CEO or a Country CEO, 40 per cent are women. They also accounted for about half (51 per cent) of theBank’s middle management.

     

    In 2018, women made up 62.9 per cent of the promotions across UOB.

     

    To help its employees balance their personal and professional responsibilities, UOB provides flexible working arrangements such as staggered work hours and work-from-home arrangements. UOB also provides its employees with leave options such as childcare leave, family leave, maternity leave, paternity leave, shared parental leave and infant care no-pay leave. UOB employees are automatically enrolled in the Bank’s group term life insurance and personal accident plans and can enjoy preferential rates for medical consultation and treatments, as well as special deals on fitness and healthcare. Under its Healthy Employees, Active Lifestyles (HEAL) programme, the Bank gives out HEAL$, which are actual dollar credits, to employees and their dependents to spend on a wide range of health and wellness benefits, including discounts for maternity room bookings. To help new mothers when they return to the workplace, the Bank has created dual-use nursing rooms at its various office locations in Singapore and overseas subsidiaries.

     

    The 2020 Bloomberg GEI comprises 325 companies from 42 countries and regions. This year, Bloomberg expanded the eligibility for inclusion in the index to nearly 6,000 companies across 84 countries and regions.

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    About UOB
    UOB is a leading bank in Asia. Operating through its head office in Singapore and banking subsidiaries in China, Indonesia, Malaysia, Thailand and Vietnam, UOB has a global network of around 500 offices in 19 countries and territories in Asia Pacific, Europe and North America. Since its incorporation in 1935, UOB has grown organically and through a series of strategic acquisitions. Today, UOB is rated among the world’s top banks: Aa1 by Moody’s Investors Service and AA- by both S&P Global Ratings and Fitch Ratings.

     

    For nearly nine decades, UOB has adopted a customer-centric approach to create long-term value by staying relevant through its enterprising spirit and doing right by its customers. UOB is focused on building the future of ASEAN – for the people and businesses within, and connecting with, ASEAN.

     

    The Bank connects businesses to opportunities in the region with its unparalleled regional footprint and leverages data and insights to innovate and create personalised banking experiences and solutions catering to each customer’s unique needs and evolving preferences. UOB is also committed to forging a sustainable future through working with its stakeholders to create positive environmental impact, fostering social inclusiveness and pursuing economic progress. UOB believes in being a responsible financial services provider and is steadfast in its support of art, social development of children and education, doing right by its communities and stakeholders.

     

    For media queries, please contact media@uobgroup.com 

    UOB Newsroom

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