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. We’ve made building a more diverse workforce a top priority and we foster a collaborative culture based on trust, respect and integrity. 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
Our steadfast commitment and actions to accelerate DEI are not only meant to attract and retain talented employees from all backgrounds, but also allow them to flourish, feel safe, supported and have a true sense of belonging. To do that, we are building a culture where all voices – not just the loudest or the most familiar – can contribute to help our clients achieve their goals. This approach creates room for each employee to bring their whole self to every conversation.
In 2021, we committed to increasing overall representation of Black and Latinx employees by 30% in the U.S., to doubling the number of Black and Latinx senior leaders in the U.S. and to increasing senior female representation to 32.5% by 2024 globally. We are encouraged by the progress made since announcing our representation goals, but recognize much work remains.
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 employee networks provide an opportunity for employees with a diverse range of backgrounds, experiences, and perspectives to connect with one another and help shape BlackRock’s culture. 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 social 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. For example, our Ability & Allies Network (ABN), which supports our global population that self-identifies as having a disability, has expanded its number of chapters; and in 2021, we launched two new networks, the Asian, Middle Eastern & Allies Professional Network (AMP) and Gives Network.
We sponsor several initiatives designed to attract, connect and inspire diverse employees. You can learn more about our programs focused on developing, mentoring and educating our diverse talent in the learning and development section.
BlackRock Founders Scholarship – US
BlackRock Founders Scholarship – US
In the US, the BlackRock Founders Scholarship is an accelerated Summer Analyst internship interview process and scholarship program for diverse students who have demonstrated leadership while exemplifying the BlackRock Principles in their communities. In addition to a summer internship, candidates may also receive a merit award of $17,500. This program is designed for undergraduate or master’s students who self-identify as Black or African American, Hispanic or Latino, Native American, LGBTQ+ or disabled.
Find Your Future Forum
Find Your Future Forum
Find Your Future Forum is a one day program for diverse 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.
Key diversity partners
Our active approach
Talent and Culture
Talent and Culture
We are committed to cultivating and advancing diversity in all forms because we believe a wide range of perspectives and talent is crucial to creating a richer experience for our employees and better outcomes for our diversified global client base.
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. Each year, we set business-level DEI goals and during Quarterly Business Reviews, we have focused conversations with each business on progress made. We also report our progress against our DEI initiatives regularly to our Board of Directors.
Our 2022 DEI priorities focus on:
- Representation and advancement
Increase representation of women globally, and Black and Latinx professionals in the US, with equal emphasis on attraction, development, advancement, and retention
Increase focus on global dimensions of diversity by using our voluntary self-identification campaign (e.g., disability, LGBTQ+, socio-economic status, etc.), where permitted by law
- Inclusive and equitable experience
Support an inclusive environment and reduce employee experience gaps in the context of geopolitical uncertainty, a return to office through our Future of Work pilot, and continued pandemic restrictions in some locations
Cultivate a more inclusive and equitable work environment with a focus on people manager training and scaling development resources
Continue to deliver leadership development programs for individuals from underrepresented groups
Achieve through hiring, promotion and retention
Continue business-level DEI accountability and increase focus on people manager accountability through the performance management process
- Partnerships across BlackRock
Conduct DEI/Racial Equity Assessment
Increase our focus with diverse suppliers and vendors
Continue to support the growth of Diverse Manager and Diverse Broker Programs
- Partner with client teams to respond to client requests and needs around DEI governance models
Leverage the existing governance model (specifically the Global DEI Steering Committee) as a means to push more firmwide progress and collective ownership across the firm
Continue to invest in our employee, professional and social impact networks
We have long believed that in serving our clients we can have a positive impact on society. That is fundamental to BlackRock’s purpose. Research shows that companies with diverse workforces and inclusive work environments deliver better returns. We are seeing more and more clients focused on these social issues in their investments. In addition, we believe that encouraging diversity at the companies we partner with to serve our clients helps us to deliver better outcomes.
Diverse Broker Program
We have a dedicated Diverse Broker Program (DMP) aimed at increasing connectivity and engagement with minority-, women- and veteran-owned firms while helping them break barriers to entry and grow their businesses. The program looks to 1) identify new brokers and strengthen current relationships by aligning Diverse Brokers’ core competencies with our trading businesses; and 2) continue to identify ways in which Diverse Brokers can engage in competitive business and introduce new means for them to become more competitive in the broader marketplace. We see the Diverse Manager Program as an important initiative to empower more diverse investment community but also as aligned with our role as a fiduciary to our clients.
Diverse Manager Program
Our Diverse Manager Program (DMP) recognizes the importance of engaging diverse managers in an effort to deliver competitive returns to clients and advance economic outcomes. Working with minority-, women- and veteran-owned managers helps us bring a differentiated approach to idea generation, sourcing and potential return drivers for our clients.
Diverse Supplier Program
We are committed to giving diverse suppliers a seat at the table – with an inclusive and fair selection process. Increasing our engagement with diverse suppliers and vendors supports our growth ambitions, strengthens our operational resiliency and reinforces our social license to operate in communities in which we serve. We reviewed our global approach to supplier diversity and are working to embed business-level goals firmwide.
Beyond our walls
Beyond our walls
#1 Capital Markets Industry 2022
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 2022 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.
#6 Top 100 most diverse and inclusive organizations 2021
BlackRock was ranked #6 on Refinitiv’s 2021 top 100 most diverse and inclusive organizations globally, as ranked by their Diversity & Inclusion (D&I) Index. The D&I Index, launched in 2016, ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories: Diversity, Inclusion, People development, and news controversies.
Bloomberg’s Gender Equality Index 2022
BlackRock was 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: female leadership & talent pipeline, equal pay and gender pay parity, inclusive culture, sexual harassment policies and pro-women brand. The 2022 list features 418 companies across 50 industries headquartered in 45 countries and regions.
11th perfect score Human Rights Campaign’s Corporate Equality Index 2022
BlackRock was awarded a perfect score, for the 11th consecutive year, in the 2022 Human Rights Campaign’s Corporate Equality Index. The Corporate Equality Index is the U.S. national benchmark on corporate policies and practices pertaining to LGBTQ+ employees.
Gold status Japan work with Pride LGBTQ
BlackRock was awarded Gold status in the Japan work with Pride LGBTQ Index for the second year in a row. 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.
Best Workplace in Japan JobRainbow’s D&I Award 2021
- BlackRock was awarded Best Workplace in Japan with JobRainbow’s D&I Award. 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 88, putting it at the top ranking of their four levels (Beginner, Standard, Advanced and Best Workplace for Diversity & Inclusion).
1st perfect score Human Rights Campaign’s Equidad MX Global Workplace 2022
BlackRock was awarded a perfect score, for the first time this year in the Human Rights Campaign’s Equidad Mexico. The Equidad MX Global Workplace Equality Program is Mexico’s national benchmark on corporate policies and practices pertaining to LGBTQ+ employees.
Silver Employer India Workplace Equality Index 2021
BlackRock has been recognized as a Silver Employer for India Workplace Equality Index (IWEI) in their first year entering. IWEI is India’s first comprehensive benchmarking exercise to measure the progress of
LGBT+ inclusion in the workplace. IWEI assesses how LGBT+ friendly a workplace is and categorized them into the bronze, silver and gold categories. The IWEI Index evaluates companies on a point-based system, where they are required to submit evidence that they meet multiple ideas across policies, employee lifecycle, allies and role models, monitoring, procurement, community engagement, etc. to ensure fair treatment and understanding.
Our commitment in action
Representation data as of January 1, 2022
Hiring and representation figures rounded to the nearest whole number
Senior leaders include Directors and above
Other includes Native American or Alaska Native, Native Hawaiian or Pacific Islander and “two or more races”.
Senior leaders include the Executive and Non-Executive Management categories that are included in BlackRock’s SASB disclosure. For a more detailed breakdown, please see BlackRock’s SASB disclosure.
In the UK, we disclose what the government calls a “gender pay gap.” 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 in general. View our reports here.