As we incorporate Access Commitment across all of our business lines, we continue to listen, learn and evolve our work. We remain committed to providing access to financial education, career development and capital to all our communities. The work to create systemic change and equity is and will continue to be one of the top priorities at U.S. Bank.
I’m so excited about the work we are doing in DEI. When you center equity in all that you do, and you think of communities as asset-based communities and consider how customers want to understand possibilities and how you serve them, that is what inclusive growth looks like. It’s tying the DEI goals to the business goals and strategy. That’s how DEI becomes a catalyst for growth for the organization. Through that process, you gain innovation in product development, talent development, and your ability to serve all customers in a much more complete way.
From the Company
At U.S. Bank, our approach to diversity, equity and inclusion is unique, because we look at how diversity, equity and inclusion benefits all our stakeholders and operationalize it through every business line of our company. That includes consumer and business banking, corporate and commercial banking, payments, wealth management and investment services, as well as supporting areas such as workplace initiatives, community involvement and supplier development and diversity programs.
It’s been three years since U.S. Bank launched U.S. Bank Access Commitment®, its long-term approach to helping close the wealth gap for underserved communities, including communities of color. U.S. Bank began with a focus on the Black community because that is where the persistent economic U.S. Wealth gap is the largest (Federal Reserve, 2022). Then, in 2023, it expanded to include the Hispanic community.
In 2023, U.S. Bank focused on a set of initiatives to help individuals and families build wealth. Progress has been made and U.S. Bank is committed to continuing the work.
At U.S. Bank, we continue to expand our talent pipeline to increase representation of women at leadership levels and people of color at all levels. In 2023, 317 high-performing leaders completed leadership training through McKinsey Leadership Academy, up from 200 leaders in 2022 as we continue to expand opportunities for all employees.
