NYSE Adds Pay Equity, Opportunity Tracking Tools in ESG Push
/The New York Stock Exchange is adding tools for its publicly listed companies to track how they’re doing on equality in the workforce amid a broader push to take action on ESG issues.
NYSE has partnered with workplace equity platform Syndio to offer companies tools that measure pay and opportunity gaps. As NYSE members, firms will have access to Syndio’s software to help them identify potential biases.
“The social element of ESG has been harder to support and is often less defined for companies, but an area of increasing focus at the board level, among employees, and with legislatures and regulators,” Michael Blaugrund, NYSE’s chief operating officer, said in an interview. “Having the tools to better measure and understand their workplace equity issues is going to increasingly become table stakes.”