Our philosophy of working as One BlackRock is at the core of our commitment to diversity, equity, and inclusion (DEI) across every level of our firm and within every region and country we operate – across gender, race, ethnicity, disability and veteran status, among others. At BlackRock, DEI is a business imperative. We know that a diverse workforce is indispensable to our creativity and success. It’s how we answer the biggest questions and solve the toughest problems. An inclusive, equitable environment makes us thrive. It enables us to draw on expertise and unique experiences from across the firm and bring out the best in each other.
BlackRock’s culture is central to our success and defines us as a firm. Part of that culture is creating an inclusive, equitable environment and ensuring everyone is seen, heard, valued and respected.
Our employee networks
Our global networks are dynamic communities built on shared experiences, intersectionality and allyship. They are culture carriers for the firm, offering employees and allies the opportunity to enhance and shape the inclusive culture to which we aspire. Employee networks are sponsored by senior leaders and are proudly designed by employees, for employees.
Our first network, the Women’s Initiative & Allies Network (WIN), was established in 2006. Today, we have 15 employee, professional, and impact networks which come together in a forum called Mosaic – to identify and explore shared interests and common challenges across all networks and the firm. We continue to add new networks to support our employees.
BlackRock Founders Scholarship
BlackRock Founders Scholarship
The BlackRock Founders Scholarship is a merit award of $20,000 associated with our Summer Internship Program in the U.S. It is for students who have demonstrated leadership while exemplifying the BlackRock Principles in their communities.
Veterans Transition Program
Veterans Transition Program
The Veterans Transition Program is designed to support veterans in making the transition from military life to the civilian workforce. The program offers participants the opportunity to work at BlackRock for six months while immersing themselves in the work of their team, gaining an understanding of how the company serves its clients, being supported through training and mentorship, getting exposure to senior leaders, and participating in networking opportunities. On completion of the program, successful participants will be offered permanent employment at BlackRock.
Find Your Future Forum
Find Your Future Forum
Find Your Future Forum is a one day program for sophomores to learn more about BlackRock and our recruitment process. We offer Find Your Future Forum events in New York City, San Francisco and Atlanta. This opportunity is designed for undergraduate sophomores who self-identify as female, Black or African-American, Latino or Hispanic, Native-American, LGBTQ+ or disabled.
Contextual Recruiting – UK
Contextual Recruiting – UK
We believe that diversity is vital to BlackRock’s success and everyone, no matter their background, deserves an equal chance at employment opportunities. To break down the barriers that may deter talented candidates from applying to BlackRock, we use the Rare Contextual Recruitment System for early career recruitment in the United Kingdom.
We understand that not every candidate’s achievements look the same on paper. Using the Rare Contextual Recruitment System allows us to see beyond an online application to better understand the circumstances in which each applicant’s achievements have been gained. This process enables us to identify the best talent from all backgrounds and is entirely voluntary for candidates to participate in.
Our active approach
Talent and Culture
Talent and Culture
Our One BlackRock Principle recognizes that a diverse workforce as indispensable to our success, and that an inclusive, equitable environment makes us thrive.
Transparency and accountability are critical in creating a more diverse workforce with an inclusive and equitable work environment. Senior business leaders make it a priority to ensure that all employees in their groups understand why diversity is important for success and equip them with tools and knowledge to foster inclusion.
We hold our businesses accountable for progress in diversity, equity, and inclusion. We implement business-specific DEI goals, establish clear action plans and review business-specific progress with each of our businesses and functions at mid and end of year. We also report our progress against our DEI initiatives regularly to our Board of Directors.
Our 2023 DEI priorities focus on:
- Representation and advancement
- Design and deploy a retention strategy for underrepresented professionals
- Partner with Talent Acquisition to support the hiring and onboarding of underrepresented professionals across a number of diversity dimensions and enhance hiring manager training and bias mitigation techniques
- Inclusive and equitable experience
- Deliver a firm-wide inclusion initiative with tangible actions for employees to demonstrate allyship
- Continue to invest in people manager skill-building that enables diverse teams and inclusive leadership skills
- Continue to invest in our networks through tailored experiences (e.g., global summits and leadership development opportunities)
- Improve individual and People Manager DEI accountability at BlackRock through performance management processes
- Further evolve business-specific DEI goals beyond representation and include measures related to employee inclusion sentiment and equity
- Partnerships across BlackRock
- Develop an implementation plan for selected key initiatives as a result of the U.S. Racial Equity Assessment
- Continue to execute on supplier diversity strategy in the Americas
- Scale global client conversations through our DEI Client Ambassador program
- Continue to support the activities of our Diverse Manager and Broker programs
- DEI governance models
- Continue to leverage the Global DEI Steering Committee and DEI ExCo Leads as key DEI governance bodies to accelerate the pace of progress against our strategy and hold us accountable to our priorities
- Continue to localize our DEI strategy by investing in country level DEI Steering Committees
DEI plays an increasingly important role for some of our largest clients. In order to help those clients meet their goals, we offer them a choice of products and strategies, including those that consider DEI objectives in the investment process.
Diverse Broker Program
To expand sources of liquidity and trading, our Diverse Broker Program (DBP) increases connectivity and engagement with minority-, women-, disabled- and veteran-owned firms on behalf of our clients.
We select diverse brokers for inclusion in the DBP on the basis of the firm’s range of brokerage services; its capital strength and stability; and, its execution, clearing and settlement through internal review. We also work to develop opportunities for DBP firms that fit each firm’s size and capabilities. We provide guidance on the use of technology and development of electronic trading capabilities while also helping diverse brokers build capabilities in new markets and products.
Diverse Manager Program
Our Diverse Manager Program (DMP) recognizes the importance of engaging diverse managers in an effort to deliver competitive returns and advance economic outcomes.
Certain clients, including some public pension funds, are interested in having DEI goals or commitments reflected in the firms BlackRock employs to handle their assets. These public pension clients are often focused on their own DEI goals, given the diverse composition of their beneficiaries or, in some instances, due to state legal requirements or mandates related to DEI. For example, due to state-law DEI requirements, a major institutional client requested that BlackRock consider diverse managers within its selection process, which prompted us to create the Diverse Manager Program, based in part on the existing model of the Diverse Broker Program.
Diverse Supplier Program
Our Supplier Diversity Initiative is focused on the inclusion of businesses that are owned by minorities, women, military veterans, people with disabilities and members of the LGBTQ+ community in BlackRock’s total direct cash payments for goods and services. Our goal for supplier diversity is to double diverse spend and double the number of utilized diverse vendors by 2024 with an emphasis on maintaining cost discipline and vendor risk standards.
Awards & Recognition
Awards & Recognition
#1 Capital Markets Industry 2023
BlackRock was named one of America’s Most JUST Companies for the 3rd consecutive year, according to Forbes and JUST Capital. We ranked #1 in the Capital Markets industry. The 2023 list of America’s Most JUST Companies celebrates U.S. corporations that outperform their peers in the Russell 1000 on the priorities of the American people – including issues like fair pay, ethical leadership, good benefits and work-life balance, equal opportunity, customer treatment and privacy, community support, environmental impact, and delivering shareholder return. By balancing the needs of all stakeholders, JUST 100 companies demonstrate that profits and purpose can go hand in hand.
2022 JobRainbow D&I Award Japan
BlackRock was awarded Best Workplace in Japan for the second consecutive year, on JobRainbow’s D&I Index. This recruitment firm focuses on 5 areas of diversity in Japan (Gender, Disability, LGBT, Multi-culturalism and Caregiving) and assesses firms against each of these 5 dimensions on a 100-point based system, BlackRock Japan scored 92, putting it at the top ranking of their four levels (Beginner, Standard, Advanced and Best Workplace for Diversity & Inclusion).
2023 Bloomberg Gender Equality Index
BlackRock was once again included in Bloomberg’s Gender Equality Index. Bloomberg includes publicly traded companies in the Gender Equality Index if they score above a global threshold score established by Bloomberg, reflecting a high level of disclosure and performance across five dimensions: leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies and external brand. The 2023 list features 485 global companies across 45 countries and regions, representative of 11 sectors and 54 industries.
2022 Disability:IN Disability Equality Index
BlackRock was recognized as one of the Best Places to Work for Disability Inclusion after scoring 100% on the Disability Equality Index. The index is a joint initiative between the American Association of People with Disabilities and Disability:IN. that helps companies build a roadmap of measurable, tangible actions that they can take to achieve disability inclusion and equality.
2022 Eruboshi 3-Star Certification
BlackRock Japan received a 3-star (highest) Eruboshi certification from the Ministry of Health, Labor and Welfare for its outstanding initiatives and achievements to empower female employees.
2022 Human Rights Campaign Chile
BlackRock was recognized as one of the Best Places to Work for LGBTQ+ Equality or Mejores Lugares para Trabajar LGBT on the Human’s Rights Campaign Equidad Chile index – with the maximum score. The index measures companies on their efforts to become inclusive workplaces across three pillars: adoption of nondiscrimination policies, creation of employee resource groups or diversity and inclusion councils, and engagement in public activities to support LGBTQ+ inclusion.
2023 Human Rights Campaign Mexico
For the second consecutive year, BlackRock was named one of the Best Places to Work for LGBTQ+ Equality or Mejores Lugares para Trabajar LGBT – scoring 100 on the Human Rights Campaign’s Equidad Mexico index. The Mexico-based initiative, inspired by HRC’s annual Corporate Equality Index (CEI) — the national benchmarking tool on corporate LGBTQ+ inclusive policies and practices — is HRC’s first in-country program in Latin America.
2022 India Workplace Equality Index
BlackRock has been recognized as a Gold Employer – an increase from our 2021 Silver Employer designation – on the India Workplace Equality Index (IWEI). The index is India’s first comprehensive benchmarking exercise to measure the progress of LGBT+ inclusion in the workplace.
MLT Black Equity at Work Certification
In 2020, BlackRock signed on to the MLT Black Equity at Work (BEW) Certification Program, achieving approved status the following year – one of the first firms to do so. BlackRock has now achieved MLT BEW Bronze Certification, showing our commitment to advancing Black equity both within the firm and in the communities where we operate. MLT measures progress across five key areas: representation, compensation, workplace culture, business practices and contributions and investments.
2022 Japan Work With Pride
In our third year participating, BlackRock was once again awarded Gold status in the Japan Work with Pride LGBTQ Index. The Work with Pride Index was established in 2016 as the first LGBTQ benchmarking practice in Japan using the PRIDE (Policy, Representation, Inspiration, Development and Engagement/Empowerment) model to assess firms on their practices.
Our commitment in action
Representation data as of January 1, 2023
Senior leaders represent Executive and Non-Executive Management as defined by the EEO-1 Job Classification Guide, or Director and above.
For a more detailed breakdown, please see BlackRock’s SASB disclosure.
Ethnic Minority includes Asian, Black, Hispanic, Native American or Alaska Native, Native Hawaiian or Pacific Islander, and “Two or More Races”.
In the UK, we disclose what the government calls a gender pay gap report. All organizations with 250 or more employees in the region must report their gender pay data. In our report, we outline the steps we are taking to increase the number of women in our senior-most ranks, and across the firm. View our reports here.
To provide an independent assessment of progress on our strategy, we commissioned the law firm Covington & Burling and Working IDEAL, a DEI consulting firm, to conduct a third-party review of our DEI strategy, particularly as it relates to racial equity in the U.S. We are pleased to publish the assessment and thank Covington and Working IDEAL for their work.
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