Germany's Federal Financial Supervisory Authority (BaFin) published a set of reporting templates for institutions to provide standardised governance and diversity information on their management bodies, including demographic composition, diversity policies and targets, and gender pay gap metrics. The templates collect basic institution data such as Legal Entity Identifier, balance sheet total, own funds and profit or loss before tax, alongside governance structure (one-tier or two-tier), institution category and whether the institution is treated as significant for notification purposes under the German Banking Act. Reporting fields cover the number of management and supervisory or administrative board members, including employee representatives, broken down by gender (male, female, non-binary) and age bands, as well as the gender composition of key board committees (risk, audit, nomination and remuneration control) and the number of newly appointed members over the last three financial years. Additional sections capture regions of activity and members’ geographic origin (defined as at least three years of educational or professional stay), educational background and professional background by sector. Institutions are also asked whether they have a nomination committee and a diversity strategy, whether that strategy includes qualitative or quantitative targets (percentage and or minimum number of persons of the underrepresented sex), whether non-binary members are explicitly considered, and whether targets were met at the reporting date. A further set of fields requests confirmation of which diversity aspects are considered in selection processes in line with Article 91(10) of Directive 2013/36/EU and the joint EBA and ESMA fit-and-proper guidelines. Gender pay gap reporting is structured on both median and mean measures for remuneration of management and supervisory body members, including separate lines for employee representatives, and is expressed as a percentage of men’s remuneration for comparisons against women and against non-binary members.
BaFin 2025-03-26
Germany's Federal Financial Supervisory Authority publishes templates for reporting management body diversity and gender pay gaps
Germany's Federal Financial Supervisory Authority (BaFin) released templates for institutions to standardize governance and diversity data on management bodies, covering demographic composition, diversity policies, and gender pay gap metrics. The templates require detailed information on management and supervisory board members, including gender, age, and geographic origin, as well as diversity strategies and targets. Institutions must report on gender pay gaps using both median and mean measures, comparing remuneration across genders.