PITTSBURGH, Jan. 22, 2020 /PRNewswire/ -- WESCO
International, Inc. (NYSE: WCC), a leading provider of electrical,
industrial, and communications MRO and OEM products, construction
materials, and advanced supply chain management and logistics
services, today announced that it was named to the 2020 Bloomberg
Gender-Equality Index (GEI), marking the second consecutive year it
has been included in the index. WESCO is one of 325 companies from
42 countries to be included in the 2020 Index, and one of only 16
industrial companies.
Mr. John J. Engel, WESCO's Chairman, President, and Chief
Executive Officer, commented, "WESCO is committed to fostering an
inclusive and diverse work environment. It is the right thing
to do and it is a business imperative. We are pleased to be
recognized for our leadership in pursuing gender equality by
Bloomberg for the second year in a row."
The GEI tracks the financial performance of public companies
committed to supporting gender equality through policy development,
representation, and transparency. 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. This year,
Bloomberg expanded the eligibility for inclusion in the index to
nearly 6,000 companies across 84 countries and regions.
"The 325 companies included in the 2020 GEI have shown their
commitment to transparency and demonstrated leadership in
gender-related data reporting," said Peter
T. Grauer, Chairman of Bloomberg. "Disclosure of company
statistics and practices is an important first step in supporting
gender equality globally."
Through disclosure of gender-related metrics using the GEI
framework, the firms included in the 2020 GEI have provided a
comprehensive look at their investment in workplace gender equality
and the communities in which they operate. WESCO International,
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.
About WESCO
WESCO International, Inc. (NYSE:
WCC), a publicly traded Fortune 500 holding company
headquartered in Pittsburgh,
Pennsylvania, is a leading provider of electrical,
industrial, and communications maintenance, repair and operating
(MRO) and original equipment manufacturer (OEM) products,
construction materials, and advanced supply chain management and
logistic services. 2018 annual sales were approximately
$8.2 billion. The company employs
approximately 9,300 people, maintains relationships with
approximately 30,000 suppliers, and serves approximately 70,000
active customers worldwide. Customers include commercial and
industrial businesses, contractors, government agencies,
institutions, telecommunications providers, and utilities. WESCO
operates 11 fully automated distribution centers and approximately
500 branches in North America and
international locations, providing a local presence for customers
and a global network to serve multi-location businesses and
multi-national corporations.
The matters discussed herein may contain forward-looking
statements that are subject to certain risks and uncertainties that
could cause actual results to differ materially from expectations.
Certain of these risks are set forth in the Company's Annual Report
on Form 10-K for the fiscal year ended December 31, 2018, as well as the
Company's other reports filed with the Securities and Exchange
Commission.
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SOURCE WESCO International, Inc.