What You Need to Know
- The firm’s initiatives include an anticipated $150 million in philanthropic contributions in the U.S. and Canada in the next five years.
- By the end of 2025, the firm is committed to conducting regular pay equity studies to propel ongoing improvements and maintain equity.
- Less than 2% of associates in U.S. home offices said they had a gap in pay for work equal to their peers’, the firm found.
In its third annual Deeply Invested: Purpose, Inclusion and Citizenship Report released this month, Edward Jones lays out the ways in which it strives to be a force for good in society.
The firm’s initiatives include an anticipated $150 million in philanthropic contributions to hundreds of causes across the U.S. and Canada over the next five years.
By the end of 2025, the report says, Edward Jones is committed to conducting regular pay equity studies to propel ongoing improvements and maintain equity.
Last year, the firm analyzed pay across U.S. home offices and determined that less than 2% of associates identified as having any kind of gap in pay for work equal to their peers’. It addressed these identified gaps to ensure equal pay for equal work.
According to the report, this analysis concluded that Edward Jones employs best practices to ensure that pay decisions are not affected by bias based on race and ethnicity, gender and gender identity, sexual orientation and military status.
In five years, the firm aims to have 20% people of color and gender parity among leaders in its U.S. and Canada headquarters, 15% people of color and 40% women among U.S. and Canadian home office general partners and 15% people of color and 30% women among U.S. and Canadian financial advisors.
In July 2020, Edward Jones renewed its five-year strategic alliance with the Alzheimer’s Association to raise $50 million over 10 years. The report says this continued support will enhance the association’s care and support programs, provide educational materials, fund critical Alzheimer’s research and influence early detection.