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Human rights and diversity

We continue to work towards an environment based on meritocracy and inclusion, where every employee can achieve their full potential, whatever their background or situation.

Our diversity and inclusion practices are in line with the Universal Declaration of Human Rights. Our Ethical Code for Suppliers requires that all our suppliers adhere to the core International Labour Organisation standards.

Gender diversity

As a part of our commitment to gender diversity, we signed the Women in Finance Charter in July 2016. The Charter is a commitment by HM Treasury and signatory firms to work together to build a more balanced and fair industry. It reflects the Government’s, as well as our aspiration, to see gender balance at all levels across financial services firms.

In October 2016 the Group committed to the following internal targets:

  • To increase female representation in senior management to 30% by the end of 2019.
  • To specifically identify 10 talented females at middle management level who will be formally developed for their succession potential during 2017.

These form part of wider activity around diversity which will be measured, though not specifically targeted. The ratio of female to male employees as at 31 December 2016 is shown in the table below with a year on year comparison.

As at 31 December 2016 2015
Female Male Female Male
Directors 3 7 3 5
Senior managers 32 112 29 103
Employees 5,209 5,768 4,798 5,512

In 2016, the Group was proud to be named in the OUTstanding Power Lists. We started working with OUTstanding, a professional network of executives committed to diversity, alongside other partner organisations to help shape our plans and bring new ideas and thinking on diversity and inclusion.

Annual Report & Accounts 2016

Download Annual Report & Accounts 2016 PDF

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