New York, N.Y., February 25, 2021 – Pfizer Inc. (NYSE:PFE) stated today that, for the second year in a row, a recognized compensation expert confirmed equitable pay practices for employees at Pfizer.

The study assessed pay for gender worldwide and for minorities in the U.S. based on compensation data including base pay, merit increases and bonuses. The study measured the difference between similar groups of employees when adjusting for factors such as role, grade, job level, and location.

The results indicate that Pfizer compensates female colleagues greater than 99 percent (99.3 percent) of what male colleagues are paid across the globe. Additionally, in the U.S., minorities are paid at almost dollar for dollar parity (99.8 percent) of the pay of non-minorities. Unions, where pay is determined by a collective bargaining agreement, and the Executive Leadership Team were not included in the study.

This year, for the first time Pfizer is also releasing median pay gaps for women globally and minorities in the U.S., which mainly reflect differences in the roles occupied between groups. Median pay gaps measure the difference between the middle-paid employee from one group against the other.

Pfizer’s median pay for women globally is 99.6 percent of the median pay of males, and the median pay for minorities in the U.S. is 85.7 percent of the median pay for non-minorities. The existence of a median pay gap signifies a need to increase representation in senior roles. We expect the gaps to narrow as we continue to make progress with increasing representation of women and minorities in senior-level roles.

“Our people are our greatest strength and the engine that fuels Pfizer’s success,” said Payal Sahni Becher, Executive Vice President, Human Resources, Pfizer. “Pay equity and opportunity parity across gender and race are critical factors in our ability to unleash the power and potential of a diverse, highly engaged workforce, which in turn is critical to achieving our Purpose: Breakthroughs that change patients’ lives.”

About Pfizer: Breakthroughs That Change Patients’ Lives

At Pfizer, we apply science and our global resources to bring therapies to people that extend and significantly improve their lives. We strive to set the standard for quality, safety and value in the discovery, development and manufacture of health care products, including innovative medicines and vaccines. Every day, Pfizer colleagues work across developed and emerging markets to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as one of the world's premier innovative biopharmaceutical companies, we collaborate with health care providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 150 years, we have worked to make a difference for all who rely on us. We routinely post information that may be important to investors on our website at www.Pfizer.com. In addition, to learn more, please visit us on www.Pfizer.com and follow us on Twitter at @Pfizer and @Pfizer News, LinkedIn, YouTube and like us on Facebook at Facebook.com/Pfizer.