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.
Bank of America’s inclusion in the BFGEI is the latest recognition of its commitment to gender equality and the development of women at the company and around the world. Bank of America was also recently named as the Best Bank for Diversity by Euromoney, ranked as one of Working Mother magazine’s 100 Best Companies for the 28th consecutive year, and had five senior executives ranked among the top women in banking by American Banker magazine.
“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."
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Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 46 million consumer and small business relationships with approximately 4,600 retail financial centers, approximately 15,900 ATMs, and award-winning online banking with approximately 34 million active accounts and nearly 22 million mobile active users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in all 50 states, the District of Columbia, the U.S. Virgin Islands, Puerto Rico and more than 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.
Reporters May Contact:
Andy Aldridge, Bank of America
Jill Watanabe, Bloomberg