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Company Narrative
Pfizer, a national pharmaceutical and biotechnology company, has been ranked as a TRAILBLAZER on the Women’s Power and Influence Index.
Pfizer has achieved pay parity for the fourth consecutive year in a row, focusing on ensuring their female employees feel equally appreciated and valued in their careers, specifically through their Pfizer Women’s Resource Group.
As of 2021, over half of Walmart’s workforce is female, with 40% of leadership roles being held by women.
Pfizer had insufficient data regarding mentorship programs for women and diverse groups.
Workforce Profile
Equitable Pay
✓ Does the company demonstrate a clear and transparent commitment to equal pay?
“Pay equity and opportunity parity are an essential part in attracting the best talent, reducing turnover, and improving colleague morale. Pfizer’s ability to deliver medical and scientific breakthroughs is based on our colleagues’ focus on patients and a commitment to our purpose. Our work to achieve our parity goals is not done, but we are making steady progress. We are committed to building teams of scientists, doctors, and professionals that model the diverse communities we serve,” said Payal Sahni Becher, Pfizer’s Chief People Experience Officer and Executive Vice President.”
Ref: Pfizer Pay Equity (Website)
✓ Does the company perform an annual analysis of gender pay equity and pay disparities?
“Pfizer Inc. announced today that, for the fourth consecutive year, an independent compensation expert confirmed equitable pay practices for employees at Pfizer.
The study assessed pay equity for gender worldwide and for minorities in the United States based on compensation data, including base pay and bonuses. The study measured the difference between similar groups of employees when adjusting for factors such as role, grade, job level, and location.”
Ref: Pfizer Pay Equity (Website)
✓ Do female employees earn at least 95% of what their male counterparts earn?
“The results indicate that Pfizer compensates female colleagues greater than 99% (99.4%) of what male colleagues are paid across the globe.”
Career Growth
✓ Does the company demonstrate a commitment to actively attracting, retaining, and/or promoting women within the organization?
“At Pfizer, every person deserves to be appreciated and valued,” Jean-Louis says. “We must embody Equity in all our actions and in everything that we do. We embrace and intend to amplify the voices of all of our colleagues from all backgrounds, life experiences, perspectives, ages, gender, disability, status, and sexual orientation.”
✓ Does the company provide professional development programs designed specifically for female employees?
“Pfizer Women’s Resource Group held regular skills-based learning events designed to support women in taking ownership of their career progression, including topics like executive presence, breaking the glass ceiling, and the power of empathy.”
Ref: pg. 34, Pfizer ESG Report
✓ Does the company provide professional development programs designed specifically for diverse employees?
“Several Pfizer programs help to advance these ideals. In May 2021, Pfizer launched the Breakthrough Fellowship Program and Breakthrough R&D Rotational Program, two first-of-their-kind educational programs designed to increase Pfizer’s pipeline of diverse scientific talent.”
✘ 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?
Information regarding this criterion was unavailable or incomplete.
✘ 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?
“We hire, grow, and empower diverse talent by partnering with organizations that provide rich engagement opportunities with people of diverse backgrounds and experiences. In 2022, Pfizer engaged in new partnerships with the National Association of Black Journalists, National Association of Hispanic Journalists, and MyGWork—a networking community for LGBTQ+ professionals. We also launched a refreshed strategy to better attract top candidates from Historically Black Colleges and Universities (HBCUs).”
Ref: pg. 34, Pfizer ESG Report
Work-Life Balance
✓ Does the company demonstrate a commitment to providing support and/or time off for women with children?
“With seven unique school brands, Learning Care Group offers nurturing care and creative learning in a safe environment. Pfizer colleagues receive 10% off child care and free registration.”
Ref: pg. 15, Pfizer Benefits
✓ Does the company provide child care support for employees?
“With seven unique school brands, Learning Care Group offers nurturing care and creative learning in a safe environment. Pfizer colleagues receive 10% off child care and free registration.”
Ref: pg. 15, Pfizer Benefits
✘ 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?
“Whether you’re caring for your children, your spouse/partner, your parent(s), another loved one, or yourself, Pfizer provides resources and time off to help. New parents may take at least 12 weeks of paid leave following the birth or adoption of their child and may also take up to 2 weeks of paid caregiver leave each year to care for family members.”
Ref: Pfizer PPL (Website)
✓Does the company provide paid parental leave that extends beyond birthing parents to include surrogacy, adoption, and paternity leave?
“Whether you’re caring for your children, your spouse/partner, your parent(s), another loved one, or yourself, Pfizer provides resources and time off to help. New parents may take at least 12 weeks of paid leave following the birth or adoption of their child and may also take up to 2 weeks of paid caregiver leave each year to care for family members.”
Ref: Pfizer PPL (Website)
✓ Does the company demonstrate a commitment to supporting the health benefits of its female employees?
“Pfizer has enhanced the supplemental health insurance coverage available, including: • Lower rates for Accident Insurance • Improved Critical Illness Insurance coverage and lower rates (with no pre-existing limitation) • New Hospital Indemnity Insurance coverage”
Ref: pg. 2, Pfizer Benefits
✘ Does the company offer women-specific health benefits for female employees?
Information regarding this criterion was unavailable or incomplete.
Workplace Standards
✓ Does the company have a policy listing prohibited behaviors, such as harassment and retaliation?
“Pfizer is committed to a workplace free of discrimination, harassment and retaliation. Consistent with our core values and commitment to integrity, trust and respect in the workplace, Pfizer prohibits discrimination, harassment or retaliation of or against our colleagues, job applicants, contractors, interns, or volunteers by any colleague, supervisor, vendor, customer, or third party on the basis of race, religious creed, color, age, sex, sexual orientation, gender, gender identity, gender expression, national origin, ancestry, citizenship status, marital status, medical condition as defined by state law (including cancer or genetic characteristics), disability, military service and veteran status, pregnancy, childbirth and related medical conditions, or any other characteristic protected by applicable federal, state, or local laws and ordinances.”
Ref: pg.1, Pfizer Harassment
✓ Does the company mandate all employees to undergo harassment and discrimination training?
“Colleagues and certain third parties also receive training on other key policies and practices upon hire and regularly thereafter, as appropriate, including responsible marketing and advertising, and anti-bribery / anti-corruption training. Compliance and Ethics training at Pfizer is part of a broader enterprise training curriculum that covers additional topics, including privacy, harassment, protecting sensitive information, lobbying, diversity, equity and inclusion, and product quality, safety, and adverse event reporting obligations.”
Ref: Pfizer Corporate Compliance
✓ Does the company have a defined harassment policy that includes promptly addressing reported incidents?
“A manager who violates these requirements will be subject to disciplinary action up to and including termination.”
“Retaliation means adverse action taken against an individual because he/she engages in protected conduct by reporting an actual or perceived violation of policy, opposing practices prohibited by policy, participating in the reporting and investigation process described below, or testifying or assisting in any proceeding under the law. It is unlawful to retaliate against an employee for engaging in such protected conduct.”
Ref: pg. 3, Pfizer Harassment
“If an individual makes a complaint under this Policy and has not received a response within five (5) business days, he or she should contact the Compliance Division immediately at (212) 733-3026 or corporate.compliance@pfizer.com. In addition, any manager who learns of any individual’s concern about conduct in violation of this Policy, whether in a formal complaint by that individual or informally, must immediately report the issues raised to his or her management or local Human Resources representative.”
Ref: pg.4, Pfizer Harassment
Stakeholder Engagement
✓ Does the company demonstrate a commitment to helping external stakeholders address gender equality issues?
“A focus on increasing the diversity of business partners has yielded equally great results. Pfizer is an active participant in external organizations and trade events, which promote opportunities to connect buyers with diverse suppliers. More than $150,000 in scholarships has been provided for diverse businesses to attend various leadership training and mentorship programs, and every year more than $500 million is spent with over 2500 diverse U.S. businesses in a variety of industries.”
Ref: Pfizer Women’s Career (Website)
✓ Does the company offer and support initiatives that promote gender equality in the community?
“A focus on increasing the diversity of business partners has yielded equally great results. Pfizer is an active participant in external organizations and trade events, which promote opportunities to connect buyers with diverse suppliers. More than $150,000 in scholarships has been provided for diverse businesses to attend various leadership training and mentorship programs, and every year more than $500 million is spent with over 2500 diverse U.S. businesses in a variety of industries.”
✓ Does the company demonstrate a commitment to helping internal stakeholders/employees address gender equality issues?
“Pfizer has worked to educate Pfizer employees on those issues, including company-wide training to address racism and conscious and unconscious bias, workshops such as “Becoming an Inclusive Leader” that train managers and encourage communication throughout the organization.”
Ref: Pfizer Women’s Career (Website)
✓ Does the company offer equity-focused trainings, speaker programs, or events for employees?
“The “In Kind” program supports and encourages managers to have courageous, empathetic, and productive conversations about equity, race, and bias. Additional pilot workshops for people managers and HR partners are scheduled for August 2021. In October 2021, Pfizer’s Global Diversity, Equity, and Inclusion Summit will facilitate a global conversation on race. And by the end of 2021, every colleague will have had the opportunity to engage in a workshop and discussion.”