Fidelity International, a financial services company with an office in Luxembourg, announced yesterday the introduction of a company-wide "enhanced parental leave policy" granting equal paid parental leave to all its global employees.
The new policy means that fathers and secondary carers will now be able to take the same amount of paid leave as mothers and primary carers within each of the company's 27 operating locations. This will come into effect for children who are born (including via surrogacy) or placed for adoption on or after 1 September 2020 and will offer up to 26 weeks of paid leave for each parent employed by the company within the first twelve months of a child's arrival.
Anne Richards, CEO of Fidelity International, commented: "We want to be a market leader and offer an inclusive culture where all our people may spend time caring for their children and thrive in their careers. We are therefore delighted to be announcing our new parental leave policy and are especially proud to be offering this globally to all our employees".
Sally Nelson, Chief People Officer at Fidelity International, added: "Fidelity International has diversity and inclusion at its heart and treating parents equally and creating a level playing field for all genders is incredibly important to us. This family friendly policy will offer the flexibility to support childcare needs and will transform parenthood for many families".
In Luxembourg, the new policy will extend paid paternity leave from the current ten days to 20 weeks, bringing it to the same amount as paid maternity leave within the company.