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LendingClub Selected for 2019 Bloomberg Gender-Equality Index, Recognizing Commitment to Advancing Women in the Workplace
[January 16, 2019]

LendingClub Selected for 2019 Bloomberg Gender-Equality Index, Recognizing Commitment to Advancing Women in the Workplace


SAN FRANCISCO, Jan. 16, 2019 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), today announced that it is one of 230 companies selected for the 2019 Bloomberg Gender-Equality Index (GEI), which distinguishes companies committed to transparency in gender reporting and advancing women's equality. The index doubled in size from 2018 and includes firms from 10 sectors, headquartered across 36 countries and regions. Collectively, these firms have a combined market capitalization of USD 9 trillion and globally employ more than 15 million people, of which 7 million are women. Thirteen markets are represented for the first time this year, including Argentina, China, Israel, and South Africa.

Lending Club, the world's largest online marketplace connecting borrowers and investors. (PRNewsFoto/Lending Club) (PRNewsFoto/Lending Club)

"We believe that the diversity of our employee base needs to represent the diversity of our customer base and that is why we're committed to increasing the diversity of our leadership team not just at the C-suite and board level, which are currently at 22 percent and 30 percent respectively, but at all levels within our organization," said Whitney Jones, Chief People Officer at LendingClub. "For open roles, we strive for a 50 percent diverse candidate slate and a diverse interview panel. For current employees, we've instituted policies like gender pay equity assessments, a phased-in return to work program for new mothers, a mentorship/allyship program and are actively supporting an internal women's network to promote the important contributions of our female employees."

Bloomberg's standardized reporting framework offers public companies the opportunity to disclose information on how they promote gender equality across four separate areas – company statistics, policies, community engagement, and products and services. Reporting companies that score above a globally-established threshold, based on the extent of disclosures and the achievement of best-in-class statistics and policies, are included in the GEI. Demand for products and services using environmental, social, and governance (ESG) data has seen a significant increase over the last years, as a growing number of investors are looking to incorporate ESG into their investment decisions. Still, only 10% of eligible companies are currently disclosing their workplace gender policies and practices.

"We applaud LendingClub and the other 229 firms tracked by the index for their action to measure gender equality through the Bloomberg GEI framework," said Peter T. Grauer, Chairman of Bloomberg and Founding Chairman of the U.S. 30% Club. "LendingClub's GEI inclusion is a strong indicator to its employees, investors, and industry peers alike that it is leading by example to advance ongoing efforts for a truly inclusive workplace."

Disclosures from firms included in the 2019 GEI provide a wide-ranging and comprehensive look at how companies around the world are investing in women. According to GEI data:

  • Women had a 40% increase in executive level positions between fiscal years 2014-2017.
  • 60% of firms conduct compensation reviews to identify gender-based variations in pay to close their average 20% pay gap (18% on average in the Americas, Europe, Africa, and Middle East regions and 26% in Asia-Pacific).
  • 34% have programs in place to recruit women looking to return to work after a career break.
  • For U.S. employees, the average number of weeks of fully paid primary leave offered is 13 weeks, and the average number of weeks of fully paid secondary leave offered is 5 weeks.
  • 43% of firms cover gender reassignment services in health insurance plans.
  • 68% of firms evaluate all advertising and marketing content for gender biases prior to publication.

The Bloomberg gender reporting framework is voluntary and has no associated costs. The GEI is a reference index. All public companies can submit data to Bloomberg. Those with a security listed on a U.S. exchange and a market capitalization of USD 1 billion or greater are eligible for index inclusion. For more information on the GEI and how to submit information for next year's index visit:
https://www.bloomberg.com/professional/solution/gender-equality-index/

Companies included in the 2019 Bloomberg Gender-Equality Index:





A.P. Møller-Mærsk A/S 

KB Financial Group, Inc.

AB InBev

Kering

Accenture

Legal & General Group PLC

adidas

Leidos Holdings, Inc.

Adobe

LendingClub

ADP

Lenovo

Advanced Micro Devices, Inc.

Lionsgate

Aetna, Inc.

Lloyds Banking Group

AGNC Investment Corp.

L'Oréal 

AIA Group Limited

lululemon

Air Products & Chemicals, Inc.

Manulife

Alcoa Corporation

Marsh & McLennan Companies

Alliance Data

Mastercard

Alliant Energy

Maybank

Allianz

Mediobanca 

Alpha Bank

MetLife, Inc.

American Electric Power

MINDBODY, Inc.

American Express

Mitsubishi UFJ Financial Group

American Water 

Mizuho Financial Group, Inc.

AMN Healthcare Services, Inc.

Morgan Stanley

Anglo American

Morningstar, Inc.

Annaly Capital Management, Inc. 

Motorola Solutions

Apollo Global Management, LLC

MS&AD Insurance Group Holdings, Inc.

ArcelorMittal

National Australia Bank

AstraZeneca

National Bank of Canada

AT&T

National Bank of Greece

AU Optronics

Nestlé

Avon Products, Inc.

Newmont Mining Corporation

BAE Systems PLC

Nidec Corporation

Banco Bradesco S/A 

Nielsen

Banco Santander

NiSource

Bank of America 

NN Group

Bank of Montreal

Nokia

Bank of Queensland

Nordea Bank

Barclays

Northern Trust Corp

BB Seguridade Participações S.A.

NTT DOCOMO

BBVA

NVIDIA

BNP Paribas

Old National Bancorp

BNY Mellon

Orange 

Boston Scientific Corporation

Pampa Energía

BT Group PLC

Pearson

BYD Company Limited

Pitney Bowes, Inc.

CAE

PNC Financial Services Group

CaixaBank

Portland General Electric

Campbell Soup Company

Praxair, Inc.

CAPCOM Co. Ltd.

Procter & Gamble 

Capital One Financial Corporation

ProSiebenSat.1 Media SE

Centene Corporation

Prudential Financial

Charles River Laboratories International, Inc.

Prudential PLC

CIBC

QBE Insurance Group Limited

Cie de Saint-Gobain

Radian Group, Inc.

Cisco

Rapid7, Inc.

Citi

RBS

City Developments Limited

RELX Group

The Clorox Company

Robert Half

The Coca-Cola Company

Rogers Communications, Inc.

Coca-Cola FEMSA

Rolls-Royce Holdings PLC

Commercial International Bank, Egypt (CIB)

Royal Bank of Canada

Commonwealth Bank of Australia

S&P Global

Core Laboratories

Sanderson Farms

CVS Health

SAP

Dai Nippon Printing Co. Ltd.

Schneider Electric

Daiwa House Industry Co. Ltd.

Scholastic

Daiwa Securities Group Inc.

Schroders

Danone

Scotiabank

Danske Bank A/S

Sempra Energy

DaVita, Inc.

Shinhan Financial Group

DBS Group Holdings Ltd.

Signet Jewelers Limited

Deutsche Post DHL Group

Silicon Valley Bank

Deutsche Telekom AG

Singtel

Diageo PLC

Sodexo

Dominion Energy

Sonova 

Don Quijote Holdings Co. Ltd.

SSE PLC

Dr. Reddy's Laboratories Ltd.

Standard Chartered Bank

DuPont

Standard Life Aberdeen PLC

Enagás S.A.

State Street Corporation

Enbridge

STMicroelectronics 

Erste Group Bank AG

Sumitomo Mitsui Financial Group

The Estée Lauder Companies, Inc.

Sumitomo Mitsui Trust Holdings

Etsy

Sun Life Financial

Euronav NV

Swedbank

Eversource Energy

Swiss Re

Evertec

Symantec

Fifth Third Bancorp

Tahoe Resources, Inc.

First Data Corp.

Taylor Morrison

First Horizon National Corporation

TD Bank Group

First Pacific Company Limited

Teck

FirstEnergy

Telefónica 

Ford Motor Company

Telia Company

Fortescue Metals Group Ltd.

Terna 

Franklin Templeton Investments 

Tokyo Electron Limited

Galp

TransCanada Corporation

Gap, Inc.

Türkiye Garanti Bankasi A.S.

General Motors

UBS

Gold Fields

Unilever

Goldman Sachs

Unum Group

Grupo Financiero Banorte

UOB Group

Grupo Televisa, S.A.B.

UPM-Kymmene Corporation

Harmony Gold Mining Company Limited

Visa, Inc.

The Hartford 

Vodafone Group

Horace Mann

Voya Financial, Inc.

IAMGOLD Corporation 

Walmart

Iberdrola

Walmart de México y Centroamérica

ICL

Wells Fargo & Company

Illumina

Welltower

Incitec Pivot Limited

WESCO International, Inc.

ING

Westpac Group

Ingredion Incorporated

Weyerhaeuser

Intesa Sanpaolo 

Willis Towers Watson

Itaú Unibanco

WPP

Janus Henderson Group PLC

Yum China Holdings, Inc.

JPMorgan Chase & Co. 

Yum! Brands, Inc.

Just Eat

Zillow Group, Inc.

Kao Corporation

Zurich Insurance

KASIKORNBANK PCL

Zynga, Inc.



Media Contacts:
LendingClub
Press@LendingClub.com
IR@LendingClub.com 

Veronika Henze
Bloomberg LP
+1-646-324-1596
vhenze@bloomberg.net

About LendingClub 
LendingClub was founded to transform the banking system to make credit more affordable and investing more rewarding. Today, LendingClub's online credit marketplace connects borrowers and investors to deliver more efficient and affordable access to credit. Through its technology platform, LendingClub is able to create cost efficiencies and passes those savings onto borrowers in the form of lower rates and to investors in the form of risk-adjusted returns. LendingClub is based in San Francisco, California. Currently, residents of the following states may invest in LendingClub notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY. All loans are made by federally regulated issuing bank partner(s). More information is available at https://www.lendingclub.com.

About Bloomberg:
Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company's strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg's enterprise solutions build on the company's core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively. For more information, visit www.bloomberg.com or request a demo.

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SOURCE LendingClub


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