By Advocate Contributors
Originally published on Advocate.com September 20 2010 11:25 PM ET
Bank of America is proud to be a leader in supporting the LGBT community through progressive workplace practices and initiatives, as well as through partnerships with groups that serve the LGBT community and raise awareness of LGBT issues.
The bank was one of the first financial institutions to incorporate sexual orientation and gender identity into its nondiscrimination policies and to offer comprehensive domestic partner benefits. The bank also values diversity of viewpoint, experience, talents and ideas.
Bank of America was among the first companies to offer LGBT affinity banking products, now including the Human Rights Campaign and Rainbow Card® credit cards and branded deposits products.
A new initiative of the bank’s Global Wealth & Investment Management business provides U.S. Trust and Merrill Lynch Wealth Management advisors with a wide range of information and training to prepare them to better meet the unique financial needs of LGBT clients for comprehensive wealth planning services, including retirement and estate planning. The bank has also teamed up with LGBT nonprofit organizations to provide financial planning seminars for high-net-worth LGBT clients.
Bank of America regularly receives recognition from prestigious external groups around the globe for its commitment to LGBT associates, customers, clients and the community.
For the past four years, Bank of America has scored 100% in the Human Rights Campaign’s Corporate Equality Index, a rating based on the bank’s policies and efforts to support its LGBT associates. DiversityInc magazine also recognized the bank as No. 2 on its list of top companies for LGBT employees.
Bank of America is committed to ensuring its supply chain reflects the diversity of its workplace and customer base. The bank’s supplier diversity program ensures diverse businesses are given maximum opportunity to participate in the company’s competitive contracting and procurement processes. Those businesses may include member organizations of the National Gay & Lesbian Chamber of Commerce’s Supplier Diversity Initiative, which certifies LGBT-owned businesses and works to provide them with corporate procurement opportunities.
The bank’s Lesbian, Gay, Bisexual and Transgender Pride Resource Group, known as LGBT Pride, is a bank-supported employee affinity group representing LGBT associates and their supporters. LGBT Pride promotes the bank’s inclusive work environment and expands the recruitment, development and retention of top LGBT talent. The bank’s LGBT Pride celebrated Pride Month with events in more than 10 cities across the United States as well as celebrations in Europe and Asia.
For more information about the bank’s diversity efforts, visitwww.bankofamerica.com/diversity.