As of International Women's Day, seven financial companies acquiesced this year to Arjuna's shareholder proposals requesting that they report their gender pay gap.
Just in time for International Women's Day, American Express Co. (AXP - Get Report) agreed this week to disclose the pay differences between their men and women by the end of 2018, becoming the seventh financial company this year to adopt such a proposal following pressure from Boston-based investment company Arjuna Capital.
At the center of the initiative is one of Arjuna's co-founders, Natasha Lamb, 35, who began her gender pay gap campaign in Silicon Valley in 2015, initially targeting Intel Corp (INTC - Get Report) . Since then, she's gone on to persuade companies including Action Alerts Plus holdings Apple Inc. (AAPL - Get Report) , Amazon.com Inc. (AMZN - Get Report) and Microsoft Corp. (MSFT - Get Report) to make pay-gap disclosures. Now, she's almost wrapped up her campaign with some of the biggest banks and finance companies, many of which have a majority of women as employees.
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