BlackRock Company Profile 2022

  

 

BlackRock, a multinational investment company, has been ranked as a  LATE BLOOMER  based on the criteria used for the Women’s Power Index. BlackRock offers childcare benefits, parental leave, and fertility benefits but does not disclose specific details. BlackRock started a Women Investing program where women learn to build their financial foundation. BlackRock strives for diverse employment by engaging in recruitment efforts and reviewing job postings for biased language. Based on BlackRock’s most recent EEO data, 20% of its executives are women and 40% of its total workforce is female. We could not find any information regarding BlackRock’s pay gap policy, professional development programs, gender-specific mentorship opportunities, or a gender equality program.

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Binary scores are calculated as 1 or 0.  0 indicates that information for this category was not readily available to the public.

Pay Gap

Existence of policy to address the gender pay gap

"We conduct annual global compensation reviews to assess pay outcomes for fairness and equity. As part of this process, we partner with pay equity experts to identify any potential outliers for whom adjustment to total compensation may be appropriate. We take into account a number of employee characteristics, job factors and external conditions, which form part of the review of year-end compensation awards before they are finalized."

Ref: pg 26, BlackRock 2021 Global DEI Annual Report

PAY GAP SCORE

1

 

Professional Development

Existence of professional development programs geared towards female employees

"In the U.S., as a federal contractor, BlackRock also develops and implements programs to proactively recruit, hire, train and promote women, minorities, people with disabilities and veterans to ensure that all individuals have equal opportunities in employment."

Ref: pg 17, BlackRock 2021 Global DEI Annual Report

PROFESSIONAL DEVELOPMENT SCORE

1

Mentorship

Existence of formal mentoring programs to facilitate advancement of careers of female employees

We couldn't find any information related to this criterion.

 

MENTORSHIP SCORE

0

Recruitment Efforts

Written commitment to attracting women to open positions

"BlackRock regularly reviews job postings for potentially biased language and actively engages in outreach and recruitment efforts for our open positions to endeavor to have candidate slates that are diverse across gender, race, ethnicity, disability, veteran status, and beyond."

Ref: pg 2, BlackRock EEO Report and Goals

"In the U.S., as a federal contractor, BlackRock also develops and implements programs to proactively recruit, hire, train and promote women, minorities, people with disabilities and veterans to ensure that all individuals have equal opportunities in employment."

Ref: pg 17, BlackRock 2021 Global DEI Annual Report

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RECRUITMENT EFFORTS SCORE

1

 

Childcare Benefits

Existence of childcare subsidies and support

"Child, special needs and elder care support"

Ref: pg 3, BlackRock Benefits

CHILDCARE BENEFITS SCORE

1

Caregiver PTO

Availability of paid caregiver leave in excess of government mandates

"Parental leave for birth or adoption"

Ref: pg 3, BlackRock Benefits

CAREGIVER PTO SCORE

1

Health Benefits

Existence of female oriented health benefits

"Fertility benefit program"

Ref: pg 3, BlackRock Benefits

HEALTH BENEFITS SCORE

1

Community Engagement

Organizational support of initiatives that drive gender equality and women’s empowerment in the community

"Women Investing: Empower women to define what wealth means to them, make sense of financial headlines and build their financial foundation."

Ref: pg 1, BlackRock Women Investing

"Our support of TMCF will help break down structural barriers to high-potential careers for students of HBCUs and PBIs, while our partnerships with minority, women, and/or disabled veteran owned broker-dealers will help strengthen those businesses. We are pleased to play a part in helping transform the futures of diverse students, business owners and our community."

Ref: pg 52, BlackRock 2021 Global DEI Annual Report

"Our Diverse Broker Program (DBP) increases connectivity and engagement with minority-, women-, disabled- and veteran-owned firms on behalf of our clients, while helping them break barriers to entry and grow their businesses."

Ref: pg 54, BlackRock 2021 Global DEI Annual Report

"We awarded the build-out of phase II of our Atlanta office to a women-owned business. We also engaged firms on the diversity of their workforce – with a particular focus on the principals, senior designers and architects working on our projects."

Ref: pg 56, BlackRock 2021 Global DEI Annual Report

 

COMMUNITY ENGAGEMENT SCORE

1

Gender Equality Program

Additional Programs that promote gender Equality within the Industry or the company

"Our first network, the Women’s Initiative & Allies Network (WIN), was established in 2006.  The Women’s Initiative & Allies Network celebrated International Women’s Day #ChooseToChallenge to amplify and celebrate the success of women all around the world. Programming covered sponsorship and mentorship, developing resilience and mental wellbeing and the importance of encouraging and promoting diversity, equity and inclusion."

Ref: pg 37, BlackRock 2021 Global DEI Annual Report

GENDER EQUALITY PROGRAM SCORE

1

Harassment Policy

Explicitly defined policies against sexual harassment and existence of anti-harassment policies that address verbal, physical, sexual and psychological harassment and violence

"Our non-harassment policy details BlackRock’s commitment to providing equal employment opportunities and a workplace that is respectful, productive, and free from harassment, including, but not limited to, sexual harassment."

Ref: pg 2, BlackRock Harassment Policy

HARASSMENT POLICY SCORE

1

Harassment and Discrimination Training

Existence of policies mandating discrimination and sexual harassment training

"Additionally, each employee is required to complete
“Respect in the Workplace” training, which focuses on
creating a respectful work environment and on preventing
harassment and discrimination, including sexual
harassment."

Ref: pg 3, BlackRock EEO Report and Goals

HARASSMENT AND DISCRIMINATION TRAINING SCORE

1