Gender diversity in the global workforce of JPMorgan Chase 2022
In 2022, 49 percent of the total employees of JPMorgan Chase were women, and 51 percent were men. On the board, the share of female directors was 36 percent, and 39 percent of the operating committee was composed of female employees. The most significant gender gap was in senior level positions: 27 percent of all senior level employees were women, and 73 percent were men. JPMorgan Chase is one of the largest banks in terms of the number of employees in the United States.
JPMorgan Chase: a leader in the banking sector
The impressive number of employees is just one of the aspects that makes JPMorgan Chase one of the leading banks in the United States. Its leading role, however, is not only limited to the United States: JPMorgan Chase is also among the largest banks globally in terms of total assets. In addition, the New York-based giant was the largest bank worldwide based on market capitalization in 2021.
Environmental, social and governance (ESG) strategies: why do companies focus on diversity?
Until not long ago, ESG mainly focused on corporate social responsibility, such as community development and volunteering. The concept of ESG has, however, took on a new, more diversified meaning in recent years. It now refers to a company’s approach to climate, customers, employees, and governance. As there is an increasing global focus on ESG issues, banks and corporations include more and more diversity data in their annual reports. The spotlight on ESG issues is also one of the reasons why ESG principles and practices have become a critical component of investment decision making. Thus, high ESG standards are now a matter of reputation for banks and asset managers, and they can also lead to improved long-term returns.