Press Release

LendingClub Included in 2020 Bloomberg Gender-Equality Index

Company Release - 1/21/2020 8:00 AM ET

SAN FRANCISCO, Jan. 21, 2020 /PRNewswire/ -- LendingClub Corporation (NYSE: LC), today announced that it is one of 325 companies across 50 industries included in the 2020 Bloomberg Gender-Equality Index (GEI). The GEI expanded in 2020 to represent 42 countries and regions, including companies headquartered in the Czech Republic, New Zealand, Norway, Philippines, Poland, and Russia for the first time. Companies range from a variety of industries, including automotive, banking, consumer services, engineering and construction, and retail.

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

"As part of LendingClub's continued commitment to gender equality, we are proud and honored to be included in Bloomberg's Gender Equality Index for a second year in a row," said Whitney Jones, Chief People Officer at LendingClub. "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 continuing to increase our diversity throughout our company and promoting those leaders from within."

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 2019 GEI included 230 companies headquartered across 36 countries and regions. LendingClub was also included in the 2019 GEI.

"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 companies included in the 2020 GEI have provided a comprehensive look at their investment in workplace gender equality and the communities in which they operate. LendingClub 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. Bloomberg Terminal subscribers can access the GEI at {BGEI }.

Press Contacts
LendingClub
Press@LendingClub.com
IR@LendingClub.com 

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

Liidia Liuksila
Bloomberg LP
+1 212-617-5424
Lliuksila@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 on to borrowers in the form of lower rates and to investors in the form of potentially higher risk-adjusted returns. LendingClub is based in San Francisco, California. All loans are made by federally regulated issuing bank partners. More information is available at https://www.lendingclub.com

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/lendingclub-included-in-2020-bloomberg-gender-equality-index-300990019.html

SOURCE LendingClub Corporation