Trailblazer Pacesetter LATE BLOOMER

BlackRock, a multinational investment company, has been ranked as a LATE BLOOMER on the Women’s Power and Influence Index.

BlackRock’s Women’s Initiative and & Allies Network hosts events that offer professional development opportunities for women as well as events that help create a sense of community and dialogue for senior female leaders. To support the creation of a respectful work environment and prevent harassment/discrimination, BlackRock requires annual completion of compliance training, and each employee is also required to complete training titled “Respect in the Workplace”. BlackRock engages with the fight for gender equity in the community by supporting organizations such as Girls Who Code and Inspiring Girls International.

As of 2021, women constitute 41.52% of the workforce and 19.39% of leadership.

Sufficient information related to BlackRock’s pay equity, women’s mentorship programs and recruitment strategies, subsidized child care, and paid parental leave could not be found.

Review the comprehensive WPI criteria and methodology.

✓ Does the company demonstrate a clear and transparent commitment to equal pay? 

“”As a global employer, BlackRock adheres to various local pay equity mandates, such as pay gap reporting, job posting salary disclosures, and compensation history bans. We take these mandates seriously and view them as an opportunity to discuss our progress, highlight our efforts to improve, and reinforce our commitment to providing an equitable work environment for all through recruitment, retention and development.” Ref: pg 28, BlackRock DEI Report 2022

✓ Does the company perform an annual analysis of gender pay equity and pay disparities? 

“To support the firm’s pay-for-performance compensation philosophy, we conduct annual global compensation reviews to assess pay outcomes for fairness and equity, including, but not limited to, reviewing outcomes by gender and race/ethnicity, where appropriate.” Ref: pg 28, BlackRock DEI Report 2022

✘ Do female employees earn at least 95% of what their male counterparts earn?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company demonstrate a commitment to actively attracting, retaining, and/or promoting women within the organization? 

“Due to our efforts, we have made steady progress towards greater gender, ethnic and racial representation and have met our representation goals for women in senior roles globally as well as overall Black and Latinx professionals in the U.S. ahead of schedule.” Ref: pg.16 BlackRock DEI Report 2022

✓ Does the company provide professional development programs designed specifically for female employees? 

“In honor of Women’s History Month, our Women’s Initiative & Allies Network hosted BlackRock’s inaugural Women Managing Directors Summit. The daylong event invited over 300 women Managing Directors from around the world for the opportunity to connect and elevate their leadership skills with panel discussions and fireside chats. WIN continued to look for innovative ways to partner with our clients to advance DEI industry-wide. In 2022, our WIN Iberia chapter hosted a multi-client event to discuss the importance of career development opportunities, common challenges and create a broader community for senior female leaders in the region.” Ref: pg.47 BlackRock DEI Report 2022

✓ Does the company provide professional development programs designed specifically for diverse employees?

“In honor of Women’s History Month, our Women’s Initiative & Allies Network hosted BlackRock’s inaugural Women Managing Directors Summit. The daylong event invited over 300 women Managing Directors from around the world for the opportunity to connect and elevate their leadership skills with panel discussions and fireside chats. WIN continued to look for innovative ways to partner with our clients to advance DEI industry-wide. In 2022, our WIN Iberia chapter hosted a multi-client event to discuss the importance of career development opportunities, common challenges and create a broader community for senior female leaders in the region.” Ref: pg.47 BlackRock DEI Report 2022

✘ Does the company offer a formal mentoring program to support the career advancement of all female employees? 

Information regarding this criterion was unavailable or incomplete.

✓ Does the company offer a formal mentoring program to support the career advancement of diverse employees?  

“Recognizing that mentorship is invaluable to career and personal growth, Out & Allies Network made enhancing its mentorship program a priority for 2022. The network rolled out a machine learning algorithm that matches mentors and mentees based on mutual interests and mentorship goals. The algorithmically enhanced initiative led to the pairing of 300 employees..” Ref: pg.46 BlackRock DEI Report 2022

✘ Does the company have policies and programs in place to actively recruit female candidates?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company have policies and programs in place to actively recruit diverse candidates? 

“As such, we continued to take deliberate steps to reach top talent, including increasing the number of diversity partnerships to assist us in identifying and connecting with underrepresented talent; regularly reviewing job postings for potentially biased language; and actively engaging in outreach and recruitment efforts for our open positions.” Ref: pg.18 BlackRock DEI Report 2022

✓ Does the company demonstrate a commitment to providing support and/or time off for women with children?

“BlackRock is committed to responsible business practices and we believe that investing in the well-being of our employees is a critical component of our human capital management strategy. We offer benefits and resources designed to meet the varying needs of our employees and their families in all aspects of their lives.” Ref: pg.30 BlackRock DEI Report 2022

✓ Does the company provide child care support for employees?  

“Where applicable, BlackRock also provides access to emergency back-up child and elder care, concierge support for families with special needs children.” Ref. pg. 31 BlackRock DEI Report 2022

✘ Does the company offer subsidized child care?

Information regarding this criterion was unavailable or incomplete.

✘ Does the company offer paid maternity leave for birthing parents?

Information regarding this criterion was unavailable or incomplete.

✘ Does the company provide paid parental leave that extends beyond birthing parents to include surrogacy, adoption, and paternity leave?

Information regarding this criterion was unavailable or incomplete.

✓ Does the company demonstrate a commitment to supporting the health benefits of its female employees?

“We also know that there are many unique ways to form and grow a family, which is why we enhanced our Flexible Family Forming benefits to further support all paths to parenthood.” Ref: pg.30 BlackRock DEI Report 2022

✓ Does the company offer women-specific health benefits for female employees?

“We also know that there are many unique ways to form and grow a family, which is why we enhanced our Flexible Family Forming benefits to further support all paths to parenthood. Where permitted, BlackRock partners with a global provider that provides personalized guidance and support, and in turn, we provide financial assistance towards adoption, gestational carrier/surrogacy support, fertility treatments and preservation, pregnancy, and more. Our Flexible Family Forming benefits cover employees and their partners.” Ref: pg.30 BlackRock DEI Report 2022

✓ Does the company have a policy listing prohibited behaviors, such as harassment and retaliation?

“BlackRock expressly prohibits retaliation against any individual who reports a concern or assists with an inquiry or investigation. We take complaints of discrimination, harassment and retaliation very seriously and do not require that an employee follow any formal chain of command when reporting their concerns. We place a premium on confidentiality in conducting any investigation (recognizing that some disclosure may be necessary to effectively investigate the complaint.)” Ref: BlackRock Harassment and Discrimination

✓ Does the company mandate all employees to undergo harassment and discrimination training?

“One example of combatting sexual harassment is our annual completion of mandatory compliance training. Each employee is required to complete our “Respect in the Workplace” training, which focuses on creating a respectful work environment and prevention of harassment and discrimination, specifically including sexual harassment.”

Ref: BlackRock Harassment and Discrimination

✓ Does the company have a defined harassment policy that includes promptly addressing reported incidents?

“BlackRock investigates all complaints filed and any possible violation of the policy of which we are made aware. If BlackRock determines that an employee has engaged in activities that are in violation of, or inconsistent with the policy, the firm will take appropriate disciplinary action against the offending employee, up to and including termination of employment.”

Ref: BlackRock Harassment and Discrimination

✓ Does the company demonstrate a commitment to helping external stakeholders address gender equality issues?

“We engage external partners that support our DEI strategy through building diverse recruiting pipelines, engaging talent in development and networking opportunities, and providing thought leadership.” Ref: pg.32 BlackRock DEI Report 2022

✓ Does the company offer and support initiatives that promote gender equality in the community?

✓ Does the company demonstrate a commitment to helping internal stakeholders/employees address gender equality issues?

“Investing in the professional and personal development of our people is core to how we create and maintain an inclusive and equitable work environment. It is incumbent upon us to ensure our employees feel a sense of belonging, have fair access to career advancement opportunities and feel safe and supported by their peers, People Managers and leadership.” Ref: pg.36 BlackRock DEI Report 2022

✓ Does the company offer equity-focused trainings, speaker programs, or events for employees?

“In 2022, BlackRock partnered with BWAM to host a series of fireside chats in the U.S. and UK focused on the unique experience of Black women in the industry with candid conversations with senior Black female leaders on how to best navigate their careers.” Ref: pg.33 BlackRock DEI Report 2022

“The goal of our Inclusion Weeks is to continuously create safe spaces, remind us of the importance of inclusive behavior and encourage conversations across the firm. Our global Legal and Compliance (L&C) and Finance teams and Netherlands office each hosted their own Inclusion Weeks to broaden their employees’ understanding of DEI. L&C led its second annual Inclusion Week this year, focusing on intersectionality, gender fluidity, neurodiversity and socio-economic diversity. 300+ L&C employees globally attended the events.” Ref: pg.40 BlackRock DEI Report 2022

*Our Index utilizes binary measurements, where ✓ represents a score of 1, and ✘ represents a score of 0.

*All links are valid as of April 2024