4 views left Get unlimited views with a free account

Get a 360 degree view on a company powered by live data from the GlobalData Intelligence Center.

Truist Financial: Workforce Diversity and Inclusion in 2021

Industry: Financial Services
Current: ESG

In 2021, Truist Financial reported 63.5% women participation in its workforce, a decrease of 0.8 percentage points
In 2021, the representation of Black and African American employees of Truist Financial was 18.7%
In 2021, Truist Financial planned to invest $20 million in Operation HOPE to support minority-owned businesses and expand financial coaching

A diverse, equitable, and inclusive (DEI) organisation brings unique perspectives and ideas that make the enterprise more innovative, productive, and resilient. In addition, it promotes equality of opportunity and treatment at all levels of the employment relationship, including recruitment, retention, promotion, remuneration, and training.

Due to labour mobility worldwide, the gender gap in organisations has narrowed over the past three decades. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.

Banks report diversity and inclusivity to ensure a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.

Truist Financial Corp (Truist Financial) is a financial holding company that offers retail and commercial banking products and related financial solutions through subsidiaries. In 2021, the company reported 63.5% women participation in its workforce, a decrease of 0.8 percentage points. Representation of women in the company at the senior management level was 28.6%, an increase of 1.8 percentage points.

In 2021, the representation of Black and African American employees of Truist Financial was 18.7%. Hispanic & Latino and Asian employees represented 10% and 5.7% of the workforce.

In 2021, Truist Financial planned to invest $20 million in Operation HOPE to support minority-owned businesses and expand financial coaching.

Get a 360 degree view on a company powered by live data from the GlobalData Intelligence Center. Get a 360 degree view on a company powered by live data from the GlobalData Intelligence Center. Explore Company Solutions