Central to Bank of America’s strategy of sustainable Responsible Growth are the actions we take to be a great place to work for our teammates.
Our leadership team is held accountable for driving positive progress in female representation, culture, inclusivity and being a great place to work. We set out Diversity & Inclusion (D&I) goals for the company which are cascaded down at all levels, ensuring commitment, accountability and support to drive diversity & inclusion in the workplace.
Bank of America is committed to equal pay for equal work through our pay-for-performance philosophy. Our remuneration policies and practices are gender-neutral and reinforce equal pay for equal work, with oversight from our Board and senior leaders. For over 17 years, we have engaged outside experts to conduct independent analyses to ensure that we pay equitably. We believe our pay-for-performance approach, combined with our focus on workplace representation, will continue driving the advancement and representation of women in our company. Our strategy, programmes and actions are guided by our commitment to be part of a broader solution for gender equality, contributing to the advancement of women both within our workforce and in society as a whole. The results of our 2023 enterprise review of equal pay for equal work showed that compensation received by women globally was on average more than 99% of that received by men.
BofA Securities Europe S.A. (“BofASE”) and Bank of America Europe Designated Activity Company, France Branch (“BofA Europe, France Branch”) are required to calculate and publish a Gender Equality Index. This has been achieved by reference to mandatory indicators (as outlined below), performance against each of which leads to the attainment of points, adding up to an overall score out of 100.
The Gender Equality Index results for financial year 2023, calculated in accordance with the requirements mandated under the Avenir law of September 2018, are as below: