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EQUAL SALARY

MAURITIUS COMMERCIAL BANK OBTAINS THE EQUAL SALARY CERTIFICATION

May 23, 2024

Vevey / Mauritius May 23, 2024 – The EQUAL-SALARY Foundation is pleased to announce that The Mauritius Commercial Bank Limited has obtained the EQUAL-SALARY certification, a symbol of excellence in terms of equal pay, for all employees of Mauritius Commercial Bank. After successfully passing the statistical analysis of its salaries, Mauritius Commercial Bank underwent an internal audit entrusted to PwC proving that it applied equal pay for women and men.

The EQUAL-SALARY certification is valid for 3 years, during which, the company undergoes two monitoring audits. After 3 years, if the organization wants to keep its label, it needs to renew the certification process with a new salary analysis and a full on-site audit.

The Foundation is proud to award the EQUAL-SALARY certification to Mauritius Commercial Bank, the second Mauritian company and the first African bank to receive this distinction. This success testifies to a deep commitment to equal pay and represents a major competitive advantage thanks to a positive impact on the social pillar of ESG criteria, the attraction and retention of talent and the bank’s credibility and reputation. Mauritius Commercial Bank can be proud of this achievement!”, commented Noémie Storbeck co-CEO of the EQUAL-SALARY Foundation.

“Achieving the EQUAL-SALARY, a first in Africa for a bank/financial services group, confirms our commitment to equal pay for equal work and gender equality within our workforce. This certification is a testament to our collective efforts and will help us maintain fairness and equality in our workplace”, added Jean Michel Ng Tseung CEO of MCB Group.

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