OUR PURPOSE PIONEERING SCIENCE ENVIRONMENT COMMUNITY REPORTING 64 ENABLING EMPLOYEES TO THRIVE BIOGEN 2021 YEAR IN REVIEW PATIENTS OUR PEOPLE Paid caregiver leave Caregivers play a key role in helping people live fuller, healthier lives, and Biogen cares for caregivers – whether that means for patients, communities or employees. With research showing that about 1 in 6 working Americans serve as primary caregivers, we go beyond U.S. regulations to ensure enhanced leave is available to all U.S. employees. Under the U.S. Family and Medical Leave Act, caregivers of seriously ill, elderly or disabled family members have generally been eligible for up to 12 weeks of unpaid job-protected leave per year. Biogen offers all employees in the U.S. up to eight weeks of paid caregiver leave, with additional unpaid leave available. Paid leave regulations and standards vary by country, so we are actively reviewing leave practices relative to employee needs, market practices and business priorities. Additional caregiver support To meet the needs of new parents, Biogen provides a range of additional support, from breastfeeding support and on-site lactation facilities to childcare. For example, Biogen works with Bright Horizons to offer early childhood education for infants through kindergarten prep, as well as summer programs. Þ READ ABOUT OUR SUPPORT FOR CAREGIVERS DURING THE PANDEMIC Competitive compensation Biogen’s total rewards are designed to meet the needs of employees in local markets, and typically include retirement or savings plans, financial advising, Long-Term Incentive (LTI) plans and incentive grants, no-cost life insurance and disability coverage, tuition reimbursement and college-planning services, as well as our annual bonus plan. Employees develop individual goals annually that align with and help execute on Biogen’s overall strategic goals, and are evaluated on individual performance against those goals through the lens of the Biogen Elements. In 2021, we increased our annual LTI grant guidelines for each level to enhance our competitive positioning and to support our long-term business strategy, and we introduced a promotional LTI grant to recognize and reward employees for additional responsibility and SPOTLIGHT Taiwan spotlights the sensitive topic of infertility In Taiwan, infertility is often considered too sensitive to discuss, and concerns about maternity discrimination in the workplace remain high. To address these issues, on International Women’s Day in 2022, Biogen Taiwan put the spotlight on assisted fertility. The team hosted a forum “Empower Equity – Reproductive Rights” to discuss infertility journeys with invited guests Shuan Chang, CEO and Co-Founder of Womany, a highly popular social media influencer on women’s rights, and Jennifer Lu, CEO of Taiwan Equity Campaign, a fertility doctor and a surrogacy advocate. The forum also highlighted Biogen Taiwan’s new employee benefit: four days of assisted fertility leave per year for employees in need of an assisted fertility procedure, irrespective of gender, marital status or sexual orientation. The length of leave allotted is based on the average number of days employees have taken off for fertility treatments in the past. While employees can use sick leave for the treatments, the local team wanted to underscore that fertility is not a disability, and people who require these treatments aren’t sick. accountability of promotion. We also updated bonus targets at four levels for competitive advantage and to provide additional promotional recognition by differentiating bonus target percentages by level. As a company, Biogen is evaluated on performance through our Corporate Scorecard. The amount of bonus payout under the Annual Bonus Plan is based on individual performance as well as the company’s performance. Our 2021 Corporate Scorecard reflected our commitment to leadership in neuroscience, driving our biosimilars business, maximizing our robust pipeline and financial performance. In addition, we introduced two new scorecard focus areas: Digital Health and Environmental, Social and Governance (ESG) metrics.
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