In its second annual Inclusion and Diversity (I&D) Report, PIMCO underscores its unwavering dedication to fostering a culture of openness, inclusivity, and diversity within the organization and throughout the investment management industry. The report highlights significant milestones achieved in 2022 and outlines the company's ongoing commitment to advancing inclusion and diversity.

This report highlights PIMCO's commitment to data-driven strategies, investing in diverse talent, and championing inclusion throughout the investment management industry. In the following paragraphs, we'll delve into the specific initiatives that have shaped PIMCO's I&D journey and what they hold for the future.

Enhanced Governance and Accountability

In 2022, PIMCO bolstered its commitment to inclusion and diversity by appointing a Managing Director I&D Advisory Council, tasked with governing and advancing the firm's I&D strategies in partnership with the Executive Committee and the Global Head of I&D. This governance structure ensures that diversity and inclusion are at the core of PIMCO's decision-making processes.

Data-Driven Approach

PIMCO adopted a stronger focus on data to proactively integrate inclusion and diversity into its operations. The Inclusion Assessment and employee engagement surveys have helped establish a baseline for key inclusion metrics and monitor the impact of I&D programs throughout the year.

Investing in Talent

PIMCO recognizes the value of diverse perspectives and is committed to recruiting, developing, and retaining talent in innovative ways. The PIMCO Future Leaders Scholarship, which expanded to provide $1 million to Black and Hispanic or Latino/a/x students, reflects the company's dedication to fostering the next generation of diverse leaders.

Championing Inclusion Industry-Wide

PIMCO published thought leadership on incorporating I&D and behavioral science practices into the investment process, contributing to the broader industry's progress towards more diverse workforces and inclusive cultures.

Internal and External Collaborations

Two core strategies are guiding PIMCO's I&D efforts: creating more opportunities for internal connections and partnering with the U.S. Global Wealth Management group to support the development of financial advisors with diverse backgrounds.

Leadership Programs

PIMCO continues to invest in leadership programs that empower underrepresented talent. The PIMCO Elevate program, designed to develop the next generation of women leaders and employee resource groups, has been instrumental in nurturing leadership skills and facilitating mentorship.

Mentoring Initiatives

PIMCO offers a range of mentorship programs tailored to individual employee needs, including the Women in Tech Program and the Global Wealth Management Mentorship Program.

Inclusion Assessment and Data Insights: PIMCO launched the Inclusion Assessment, a detailed survey to measure the drivers of inclusion, and integrated Glint, a people experience platform, to evaluate employee engagement and enhance insights.

Employee I&D Ambassadors Board

The establishment of the I&D Ambassadors Board ensures that employee perspectives are incorporated into I&D strategies and programming, reflecting diverse viewpoints across the organization.

Council Oversight

The I&D Council at PIMCO played a pivotal role in designing and implementing I&D initiatives. The Council reported on progress to the Executive Committee and Managing Director colleagues, leveraging external perspectives and the latest research.

Future Commitment

With a global team of over 3,000 colleagues, PIMCO remains dedicated to increasing representation and fostering an inclusive culture. The company's commitment to delivering I&D programs will continue to drive greater inclusion and diversity outcomes in the future.

In conclusion, PIMCO's second I&D report showcases the company's significant progress in advancing inclusion and diversity in 2022, while reaffirming its commitment to making a lasting impact on its employees, clients, colleagues, candidates, and the wider investment management industry.