Gender Pay Gap Results 2021

On average women are paid 14.9 percent less than men in our UK (excluding N.l.) workforce. We are confident that women and men are largely paid the same for comparable roles. The overall difference in average earnings identified in this disclosure is due primarily to the underrepresentation of women in senior leadership posts. Thanks to initiatives aimed at addressing the structural gap, we are pleased to report a reduction in the hourly rate gap since last year. We will continue to work to reduce this gap over the coming years.

Looking specifically at the average bonus gap between men and women, the difference is 29.6 percent. In the previous year we had experienced a higher bonus gap due to the increase in the bonuses paid to employees as a result of the acquisition of BTG. The current bonus gap, is driven by the underrepresentation of women in leadership roles as noted above; more men are in senior positions and senior positions attract higher performance bonuses.

The population is divided into four equal parts or ‘quartiles’, from the lowest paid to the highest paid based on the calculated hourly pay rate. This breakdown of hourly rates by defined quartiles reflects the gender differences in our workforce with a greater proportion of men in higher paid quartiles.

This graphic illustrates that 91.9 percent of men and 87.6 percent of women received a bonus payment in the 12 months leading up to April 5th, 2021.

The overall proportion of employees receiving a bonus is lower due to a reduction in the UK workforce following the integration of BTG.

We look forward to introducing a new bonus programme in 2022 to capture those full time employees that were not previously eligible for any company bonus. We are anticipating that this will have a beneficial impact for our employees in recognising their valuable contribution to our company.

I confirm the data reported is accurate.

Boston Scientific Limited
/s/ Jonathan Monson
Jonathan Monson
Director