Federal Home Loan Bank of Indianapolis

FHLBank Indianapolis D&I Strategic Plan

Challenge

The Federal Home Loan Bank of Indianapolis has made strides to enhance diversity and inclusion within the organization, we did not have a formal diversity and inclusion (D&I) plan in place to guide our initiatives or outline special goals/objectives. To increase the effectiveness of the bank’s D&I efforts and track our progress, a formal plan needed to be established. 

Actions

  • In 2017, the bank’s D&I council began the work of creating a standalone D&I Strategic Plan.
  • A comprehensive 3-year D&I Strategic Plan with objectives, goals, strategies, and measures was completed and implemented in 2018.

Outcomes

  • The plan monitors bank performance in five core functions: Workforce, Workplace, Financial Transactions, Supplier Diversity, and Community Engagement; and it provides a deliberate path for implementation and integration of the bank’s D&I efforts across the entire business.
  • The plan is updated annually by the bank’s D&I council and it is approved by the Board of Directors each year.
  • D&I progress is reviewed by the board of directors on at least a quarterly basis.
  • The 3-year plan includes incentive plan goals that are tied to employee compensation at all levels of the bank.

A few of the notable results from FHLBank Indianapolis’ inaugural three-year D&I Strategy:

In 2018:

  • We welcomed fifteen (15) new diverse employees that were identified from external events and sources.
  • 100% of employees participated in annual Vendor Diversity training.
  • 100% of employees participated in annual D&I Training
  • The bank hosted its second annual Vendor Summit, a match-making event where diverse vendors can meet with the bank’s contract managers.
  • The number of D&I dealers in funding-related financial transactions (as practicable), superseded the goal.
  • One of our more popular efforts at the bank is the monthly Jeans Week opportunity. Participating employees donate $10+ and the collected funds are donated to a charity in Indiana or Michigan. In 2018, the selected charities focused on persons with disabilities, youth, poverty, and neighborhood development. In 2018, the bank raised over $13,000.

In 2019:

  • FHLBank Indianapolis expanded its diversity partnerships to include Disability:IN, a global organization that focuses on disability inclusion world-wide; and the National Veteran-Owned Business Association (NaVOBA), an organization that focuses on creating corporate contracting opportunities for Veteran- and Service-Disabled Veteran-owned Business Enterprises (VBEs/SDVBEs).

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