Despite recent progress on Wall Street and Silicon Valley, a new Gender Pay Scorecard shows that some of the best-known companies in the world are still behind the curve on equal pay.

The first edition of the new annual scorecard ranking the world’s largest financial, technology, and retail companies on their current gender pay disclosures, performance, and commitments has been published to coincide with International Equal Pay Day.

TheArjuna Capital/Proxy Impact report card measured 33 global companies on Equal Pay.

According to the report, Apple, Nike, Starbucks, Wells Fargo and JP Morgan have the highest grade (A-), while Facebook, Goldman Sachs, and Walmart are among 11 companies that share the lowest grade (F).

Key findings show that JP Morgan, Bank of New York Mellon, and Wells Fargo top the 2018 GPS list with grades of A-, illustrating strong performance with 99 percent equal and racial adjusted pay equity including base, bonus and equity components, annual disclosure, and 100 percent global coverage at JPMorgan and Bank of New York Mellon.

However, Goldman Sachs, Progressive Insurance, Discover Financial Services, KeyCorp, and Metlife receive a failing grade for lack of quantitative reporting, commitments, and global coverage, according to the report.

The new GPS report published by Arjuna Capital and Proxy Impact breaks down this data into a simple rubric to more fully understand company performance and commitments across 5 categories:

Natasha Lamb, managing partner, Arjuna Capital said: “The Gender Pay Scorecard shows that some of the biggest and best-known companies in the world are still behind the curve on equal pay.

"It’s not enough to pay lip service to pay equity, to simply say that women are paid fairly, investors expect meaningful disclosures and goals to close the gender pay gap. There has never been a better time to move this issue forward in corporate America. The GPS is intended to clarify best practices and help readers navigate what can be a confusing and inconsistent landscape."

Michael Passoff, CEO, Proxy Impact said: “We feel strongly that the continued growth of the gender pay gap shareholder campaign, combined with the new annual scorecard, will help improve corporate disclosure and practices, advancing the goal of equal pay for equal work.”

Lamb continued: “With so much success in the last two years, it’s easy to lose sight of the big companies that have lagged behind. Strong commitments from name brands like Apple, Bank of America, Nike and Citi overshadow peer companies in banking, retail, and technology that haven’t done nearly as much.

"The scorecard provides a transparent accounting of where companies stand, outside of flashy diversity reports and platitudes. So far, the lack of comprehensive reporting by companies indicates we are a long way from effectively managing gender pay equity. We hope this scorecard will help set companies on the path to more meaningful and uniform disclosures,” she said.

For more information, visit www.Arjuna-Capital.com and https://proxyimpact.com/