SURA adheres to the gender parity measure of PROhumana Foundation and Community Women
Santiago, July 19, 2017 . In order to identify and create actions intended to bridge the labor gap and promote gender equity among collaborators, SURA Asset Management Chile adhered to the measures of gender parity carried out by PROhumana Foundation and Comunidad Mujer , which aim to enhance the role of women in the labor market. At SURA Asset Management Chile, gender equity is highly relevant and part of the Company's Sustainability strategy that places women as a priority group given their labor and pension reality that results from the gaps they have when compared to men's reality. Francisco Murillo, CEO of SURA Asset Management Chile, said: "Our company is in favor of developing and promoting good business practice regarding gender equity because we are convinced that by bridging this gap we can promote a more integrated and fair economy and, therefore, a more equitable labor market ". According to the global Gender Gap 2016 report, prepared by the World Economic Forum, Chile ranks 70 out of 144 countries and, in relation to the sub-index "Participation and economic opportunities," Chile ranks 119th. Additionally, female labor force participation in the country is the eighth lowest when compared to the 34 OECD countries. Gender Parity Initiative In the face of this reality, SURA Asset Management Chile has formally adhered to the "Chilean Gender Equity Initiative (IPG)", a public-private initiative encouraged by Comunidad Mujer , which is promoted by the Inter-American Development Bank and World Economic Forum. This initiative is intended to encourage reducing the gender wage gap as well as to increase the female labor participation and women's development in the labor market. Gender Index On the other hand, SURA Asset Management Chile also adhered to the "Gender Index from PROhumana Foundation." This initiative focuses on gender equity at senior management level and gender wage gap. It analyzes the participating companies and their planning, implementation, evaluation and communication of the gender equality strategy. About SURA Asset Management Chile SURA Asset Management Chile is part of the Latin SURA Asset Management company, present in six countries in the region. In Chile, it operates in the market of mutual funds, life insurance, stocks and the pension industry through AFP Capital, totaling USD 41.3 billion in AUM owned by 1.9 million customers. About SURA Asset Management SURA Asset Management is a Latin American company with operations in Pensions, Savings and Investments in Mexico, Peru, Chile, Colombia, Uruguay and El Salvador. It is a subsidiary of SURA Group and has three minority shareholders: Bolivar Group, Bancolombia and Wiese Group. As of the end of Q1 2017, SURA Asset Management's AUM amounts to USD$123.4 billion owned by 19.2 million customers. * Customers and AUM include AFP Protection in Colombia and AFP Crecer in El Salvador, although not controlled companies, SURA AM has a significant stake.