Bank of America signed the Women in Finance Charter in 2017, building on our long-standing commitment to improve gender equality within our organization and in society as a whole. We have targeted the achievement of 28% female representation in senior management roles across Europe, the Middle East and Africa (EMEA) by July 2022. We are making positive progress, however we recognize that in order to achieve our goal we must continue to focus on our efforts to increase gender diversity.
Our ongoing work to invest in women as they make meaningful contributions within our company and in the communities we serve, includes our focus on being a great place to work for our female employees, making the financial lives of our female clients better and advancing the economic empowerment of women in communities around the world.
Being a great place to work is the foundation of how we drive responsible growth. We do this by listening to our employees to ensure that our programmes and resources enhance their experience and further their careers with us. We are committed to creating an inclusive workplace for our employees around the world, creating opportunities for them to grow and develop, recognising and rewarding performance, and supporting their physical, emotional and financial wellness. Through this lens, we provide competitive compensation, benefits and resources to employees that reflect our commitment to be a great place to work. This is not only the right thing to do, it is core to achieving responsible growth in a sustainable manner.
In a year that has seen the biggest health and humanitarian crisis in our lifetime, we have taken many broad-ranging steps to address the needs of our diverse workforce. This includes providing enhanced benefits and resources to our employees – such as extensions to our childcare, healthcare and wellness programs – and furthering our engagement of diverse talent through employee network, line of business and enhanced leadership engagement.
We also published our 2020 Human Capital Management Report which provides a comprehensive view of Bank of America’s progress against key workforce metrics across gender and ethnic diversity, compensation, learning and leadership development, and clarity around initiatives supporting the needs of our global workforce.