2025 Gender Equality Index Report, France

Bank of America has always been the bank of opportunity for our shareholders, our clients and customers, our communities and our teammates. We strive to make Bank of America a great place to work for our employees by providing access to a broad range of opportunities to achieve their professional goals and by maintaining a culture of caring for them and their families.

We are a company of talented employees who represent a diverse range of experiences, skills, backgrounds and perspectives across many dimensions. We are deliberate about the many ways we seek to create an inclusive environment where everyone has the opportunity to achieve their career goals. This is core to our values, to our efforts to make Bank of America a great place to work and to delivering on Responsible Growth for our clients, customers and communities around the globe.

We are committed to equal pay for equal work and we maintain robust policies and practices that reinforce our commitment. This includes annual analysis with outside experts to examine individual employee pay for our global workforce, compensation adjustments where appropriate, and oversight from the Board and senior management.

BofA Securities Europe S.A. (“BofASE”) and Bank of America Europe Designated Activity Company, France branch (“BofA Europe, France Branch”) are required to annually calculate and publish a Gender Equality Index. The results are calculated in accordance with the requirements mandated under the “Avenir Professionnel” law of September 2018 and using the mandatory indicators, performance against each of which leads to the attainment of points, adding up to an overall score out of 100. Overall France scores have also been calculated as aggregating these entities is the most representative way to present our results.

The Gender Equality Index results for financial year 2024 are set out below. This year’s result for BofA Europe, France Branch is impacted by the relatively low headcount and organisational structure of the entity.

1. BofASE (number of points)

  • Pay gap between men and womenfootnote1: 35 out of 40 points
  • Difference in non-promotional pay increases: 20 out of 20 points
  • Difference in promotion rates: 10 out of 15 points
  • Percentage of employees who receive a pay increase upon returning from maternity leave: 15 out of 15 points
  • Gender representation amongst employees in the top 10 highest paid positions: 5 out of 10 points
  • Final Index Results: 85 out of 100 points

 

2. BofA Europe, France Branch (number of points)

  • Pay gap between men and womenfootnote1: 21 out of 40 points
  • Difference in pay increasesfootnote2: 35 out of 35 points
  • Percentage of employees who receive a pay increase upon returning from maternity leave: 15 out of 15 points
  • Gender representation amongst employees in the top 10 highest paid positions: 0 out of 10 points
  • Final Index Results: 71 out of 100 points

 

3. Overall France (number of points)

  • Pay gap between men and womenfootnote1: 29 out of 40 points
  • Difference in non-promotional pay increases: 20 out of 20 points
  • Difference in promotion rates: 15 out of 15 points
  • Percentage of employees who receive a pay increase upon returning from maternity leave: 15 out of 15 points
  • Gender representation amongst employees in the top 10 highest paid positions: 5 out of 10 points
  • Final Index Results: 84 out of 100 points

The following actions and initiatives are being taken to improve performance against the first and last index indicators above, particularly within BofA Europe, France Branch.

  • Rigorous equal pay for equal work reviews and analyses with external experts annually.
  • Regular benchmarking of employee pay against other companies.
  • Benefits and programmes that support physical, emotional and financial wellness that evolve over time to meet employees where they are in their careers and personal lives.
  • Focus on actions to attract, engage, develop and retain talent.
  • Provide a range of resources and programmes, including Employee Networks and professional groups, to provide guidance and help enable employee engagement, working to address unique obstacles to career advancement. Employee Networks are open to all employees and participation is voluntary.
  • Offer a range of development programmes to help our employees, leaders and managers to cultivate their skills, providing learning and development opportunities to build long-term careers at our company.

Our Human Capital Management Update within the Annual Report is published annually and can be found here. This includes more information about the initiatives that help make Bank of America a great place to work, as well as additional steps we are taking to continue to build on our progress.

Find out more on how we are investing in our teammates and promoting an inclusive workforce to support our employees and better serve customers, clients and shareholders. Read about our commitment to gender equality across EMEA in our Women in Finance Charter statement.

Indexed formulaic calculation based on the difference in pay between men and women. This calculation does not take all pay drivers into consideration (e.g. differences in role or experience) and is not an equal pay for equal work analysis

1

As BofA Europe, France Branch has less than 250 employees, indicators 2 and 3 are replaced with a single measure comparing pay increases between men and women

2

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