At Bank of America, we believe that when women thrive, families, communities, and economies thrive. That’s why we are committed to investing in women by being a Great Place to Work for our women employees, supporting our women clients, and empowering women in communities around the globe.
Since pledging our commitment to the UK Women in Finance Charter, we have made significant progress and recognise our shared responsibility to keep advancing. At the heart of our approach to Drive Responsible Growth is our commitment to investing in talent, inclusive of women talent, enabling women to grow at the bank and build successful careers with Bank of America. We actively work to foster a culture of care through the programs, benefits, and resources we provide, to enable women the opportunity to achieve their personal and aspirational goals.
Bank of America signed the UK Women in Finance Charter in 2017, our commitment builds on our longstanding commitment to improve gender equality within our organisation and society. Initially setting an aspirational target of 28% women in the top four layers across Europe, the Middle East and Africa (EMEA) by the end of 2022, we reviewed our target in 2021, re-adjusting our definition of senior management and allowing for improved focus on representation in decision making roles. We now have the aspirational goal to achieve 33% women in Managing Director/Director roles in the top four layers across Europe, the Middle East and Africa (EMEA) by the end of 2025. We are making positive progress, with women in 31% of senior management roles across EMEA as of 31st August 2024.
We recognise that to achieve our 2025 goal, we must continue to have a consistent focus on increasing the representation of women, driving action and regular reviews across all levels of the organisation with a focus on attraction, hiring, engagement, development and retention whilst also offering the right benefits and support to our employees.
Please refer to Investing in Women pages and the Bank of America annual report for more information about our focus on diversity and inclusion.
