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2022 Fidelity Investments Diversity and Inclusion Report

2022 Fidelity Investments Diversity and Inclusion Report
Posted By: Reginald Culpepper on April 28, 2023

Introduction From Our Head of Global Diversity & Inclusion, Wendy E. John

We are pleased to share our third annual report on our Diversity & Inclusion (D&I) efforts at Fidelity. This report represents the progress we have made against the five core commitments defined in our inaugural report and outlines our execution against our multi-year D&I Strategy and Action Plan, which was launched in late 2020.

Over the past three years, the working world has been altered in ways that provide daily challenges and opportunities, including here at Fidelity. We continue to adapt and evolve our hiring processes, we are redefining our workspaces and work arrangements, and we have up to five generations of associates across our teams. During this same period, we’ve hired more than 42,000 associates, and currently 45% of associates are new to Fidelity.

During periods of change like these, innovation is needed. Past solutions no longer work. Diverse perspectives brought by lived experiences that have included navigating uncertainty, complexity and ambiguity are critically important, now more than ever. It is through inclusive engagement that we generate the insights we need to keep innovating.

I am proud that my colleagues across Fidelity are deeply engaged in this critical work, and would like to highlight a few examples of how that collaboration has led to real progress in 2022:
  • Through continued hiring and strategic partnership with external organizations, we broadened our reach to new, diverse talent pools and implemented additional strategies to eliminate bias in hiring, resulting in a 16% increase in full-time hires from underrepresented groups.
  • All of our underrepresented groups have grown as a percentage of total headcount.
  • We gained further insight into the composition of our workforce through our Self-Identification program and are leveraging program insights to increase focus on the unique experiences of first-generation college graduates.
  • We expanded our offering of internal and external development programs for women and associates from traditionally underrepresented groups at all levels.
  • We introduced new and enhanced associate benefits, including implementing additional parental leave time for all parents and expanding fertility and adoption assistance.
  • We also introduced a new benefit to our early- career customer service representatives: fully funded undergraduate degrees in a variety of majors aligned to the financial services industry.
  • For the second year in a row, we increased our diverse supplier spend by 30% to more than $350 million.
  • In 2022, Fidelity funded more than 200 community nonprofit organizations across the country.

Building on our experience helping our customers navigate through change, Fidelity is committed to meeting the evolving needs of our associates, customers, communities and suppliers. We believe that embracing diversity and fostering inclusion are key to providing those solutions and demonstrating agility.

Wendy E. John
Head of Global Diversity & Inclusion

You can read Fidelity Investments' entire Diversity & Inclusion report by clicking HERE.
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