Only a few ASX 200 companies have received this honour and Scentre (ASX:SCG) just joined them

Scentre is the latest ASX 200 company to be recognised for fighting violence against and harassment of women.

| More on:
office workers stand togther against workplace harassment

Image source: Getty Images

Scentre Group (ASX: SCG) is the latest addition to an exclusive group of S&P/ASX 200 Index (ASX: XJO) companies.

The real estate investment trust (REIT) has completed the White Ribbon Australia Workplace Accreditation Program.

The accreditation signifies that Scentre has committed its entire organisation to address the issues of gendered violence and sexual harassment of women.

Let’s take a closer look at Scentre’s latest accomplishment and the other ASX 200 shares that can also boast the achievement.

Scentre joins ASX 200 companies tackling big issues

Scentre has joined ASX 200 giants including Wesfarmers Ltd (ASX: WES) and Telstra Corporation Ltd (ASX: TLS) in being crowned a White Ribbon workplace.

Other ASX 200 companies tied with the white bow include Fortescue Metals Group Limited (ASX: FMG) and Rio Tinto Limited (ASX: RIO).

The above-mentioned companies are just a few of more than 240 workplaces that have been accredited by White Ribbon.

They have each committed to doing their bit to reduce the number of women facing violence and abuse, both in the workplace and at home.

Scentre CEO Peter Allen commented on the company’s newest honour, saying:

We sought accreditation because we wanted to make a public statement about our commitment to creating a safe, inclusive, and respectful workplace, which is fundamental to the way we operate as a responsible, sustainable business. 

We all have a responsibility to stand up and speak out against behaviours that contribute to gendered violence, support women affected by it, and hold perpetrators accountable.  

According to White Ribbon Australia, one in four women have experienced sexual harassment at work. Additionally, 60% of women experiencing violence at home have a workplace.

On top of those potentially astounding figures, KPMG found that men’s violence, harassment, and abuse cost the Australian economy $22 billion in 2015-2016.

Scentre provides employees who are victims and survivors of domestic and family violence with an extra 10 days of paid leave. They are also given access to legal assistance, financial advice, and funds for emergencies, temporary housing, and medical support.

The company also provides its staff with tools and education to increase their awareness of domestic and family violence, as well as how to find support for themselves, victims, or survivors.

Scentre states that these measures help to remove the stigma victims and survivors sometimes face when speaking up.

Should you invest $1,000 in Scentre right now?

Before you consider Scentre, you'll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now... and Scentre wasn't one of them.

The online investing service he’s run for over a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of January 13th 2022

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Telstra Corporation Limited and Wesfarmers Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

More on REITs