Bank of America Eliminates Diversity Hiring Goals
On its website, Bank of America says, “Our workforce must represent the communities we serve.” But, according to a recent report from Bloomberg, the bank will no longer have “aspirational” goals for DEI.
What is the state of diversity, equity, and inclusion (DEI) at Bank of America? Here’s everything you need to know.
The Bank Is Ending Diversity Hiring Goals
As part of its policy shift, Bank of America has scrapped hiring and interviewing diversity goals that were previously emphasized. The decision aligns with efforts to comply with new legal frameworks that regulate corporate DEI programs.
In its most recent annual report, B of A changed out many references that appeared in previous annual reports. For example, the word “diversity,” has mostly been replaced with “talent” and “opportunity.”
The Bank Will Maintain Its DEI Team
Despite these changes, the company stated that it will retain its DEI team and continue fostering inclusion efforts internally. CEO Brian Moynihan emphasized that diversity remains important, even as policy language adapts to legal realities.
Summary
Bank of America is adjusting its DEI policies and removing hiring targets. However, it will maintain its internal DEI team.
The DEI Program At Bank of America
Want to see this data for the biggest companies in the US? |
See Also:
Access The Best DEI Policy Data
Want to benchmark the 100 biggest US companies for 11 DEI data points? We have the most up-to-date research in our Fortune 100 DEI Database.
|
|
