Offerings Will Include Syndio's PayEQ and
Workplace Equity Platform
SEATTLE, Sept. 13,
2022 /PRNewswire/ -- Syndio, the country's leading
Workplace Equity Platform, today announced it is partnering with
the New York Stock Exchange, part of Intercontinental Exchange,
Inc. (NYSE: ICE), a leading global provider of data, technology,
and market infrastructure, to make Syndio's workplace equity
offerings available to NYSE-listed companies in support of their
environmental, social and governance (ESG) efforts.
As companies strive to tackle pay parity across their employee
populations and manage increasing requests from investors and other
stakeholders to deliver on pay transparency, this initiative
expands the suite of ESG tools the NYSE makes available to its
listed companies to help meet their fast-growing needs in this
area. Through its landmark PayEQ and suite of products and
services, Syndio provides technology and expert guidance to help
companies measure, achieve, and sustain all facets of workplace
equity - from bringing in talent fairly to compensating, retaining,
and promoting them equitably.
"The NYSE is pleased to launch this exciting collaboration with
Syndio, allowing us to expand the suite of ESG services we make
available to our listed companies," said Michael Harris, Global Head of Capital Markets,
NYSE. "Syndio's products and services will be of particular
interest to our issuers as they target the "S," or social, area of
ESG, focusing on the increasingly important area of pay equity in
the workplace."
According to The Insight Partners, the ESG software market is
expected to reach $1.49 billion by
2028, while companies face increased pressure from stakeholders to
analyze their pay gaps. This year alone, seven Fortune 100
companies faced pay gap disclosure proxy votes and over one-quarter
of Fortune 100 companies will disclose a pay equity metric.
"Workplace equity is fundamental to a company's long-term
success and companies must deliver on their promises to their
employees," said Maria
Colacurcio, Syndio CEO. "We're proud to be a part of the
NYSE's efforts to help companies advance and navigate their ESG
journeys, and bring long-lasting equity and diversity to the
workplace."
With this initiative, NYSE-listed companies will have preferred
access to Syndio's Workplace Equity Platform, which includes:
- PayEQ™ - analyze, resolve, and prevent pay disparities due
to gender, race, ethnicity, or any other demographics.
- OppEQ™ - analyze hiring, promotions, performance scores,
and retention rates by gender, race, and more to identify the root
causes of inequities and pay gaps – and create action plans for
improvement.
- Expert Advisors - A team of data scientists, technology
experts, and legal professionals who specialize in workplace equity
and provide ongoing best practice advice — from global legal
compliance and DEI goal setting to ESG and human capital
disclosures.
The addition of Syndio's offerings to the NYSE's suite of ESG
services will launch later this year through an exclusive offering
to NYSE-listed companies as well as planned thought-leadership
events over the course of the year.
About Syndio
Syndio provides technology and expert guidance that helps
companies measure, achieve, and sustain all facets of workplace
equity. Over 200 companies, including 10% of the Fortune 200 and
30% of Fortune's Most Admired Companies, rely on Syndio's platform
to close pay and opportunity gaps, mitigate legal risk, and turn
DE&I goals into tangible results. Together, we are showing the
world how to build resilient, open workplaces by ensuring every
employee is valued based on who they are and what they contribute
to their company's success.
CONTACT:
Katie Curnutte
617.640.9765
katie@kingstonmarketing.group
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SOURCE Syndio