Bank of America has once again been named as a global leader in supporting the development and success of women in the workplace. The company announced today that it has been included in the 2017 Bloomberg Financial Services Gender-Equality Index (BFGEI), an annual listing of companies demonstrating leadership in their policies, practices and disclosures in support of gender equality.
“Investing in women is an investment in the future. We work every day in support of gender equality – helping connect women to the opportunities, tools, resources and financial solutions they need to succeed,” said Anne Finucane, vice chairman. “This work reflects our strategy of responsible growth and our focus on environmental, social and governance (ESG) factors.”
“The way we value and support our teammates is a reflection of who we are as a company,” said Sheri Bronstein, global human resources executive. “Our investment in helping women succeed is evident in our long-standing commitment to supporting women through our integrated efforts to hire exceptional women, and programs focused on retaining and promoting women.”
Bank of America was among 52 firms listed in this year’s index, based in part on its strong representation of women at all levels, talent development programs, industry-leading benefits, and leadership on gender issues in communities. The company’s scores in the BFGEI increased from 2016, when it was also named a leader in the inaugural index.
To be considered, Bank of America completed a survey created by Bloomberg in partnership with third-party experts, including Women's World Banking, Catalyst and Working Mother Media. Those included on this year's index scored at or above 60 points, a global threshold established by Bloomberg.
"We are encouraged by the significant expansion of this year's index, and by the leadership each of our member firms has demonstrated," said Peter T. Grauer, chairman of Bloomberg and founding chairman of the U.S. 30% Club. "Their commitments to building diverse and inclusive work environments are setting new standards around the globe and raising awareness around the challenges all of our organizations face.”