Women in Finance Charter
Since July 2016, Direct Line Group has been a signatory of the Women in Finance Charter. The Charter is a commitment by HM Treasury and signatory firms to work collaboratively to build a more balanced and diverse industry. We have committed to increase the female representation of senior management to 30% by the end of 2019. Two members of our Executive Committee, Jon Greenwood and Penny James, are joint sponsors who oversee Diversity more broadly to include the Group's work on gender and diversity, with Jon Greenwood accountable for our progress on the Women in Finance Charter.
To fulfil our Charter pledge we have:
- Implemented a people scorecard to assess Executives’ performance against a number of people related metrics and deliverables, of which the Women in Finance Charter is one and this links to Annual Incentive Plan outcomes
- Committed to gender balanced shortlists within senior recruitment
- Focussed on identifying our high-potential females
- Initiated a specific development programme for high potential females in middle and senior management roles
- Invested in an external leadership benchmarking programme to build individual development plans
We are making good progress to meet our targets; women now account for 29.71% of our senior management (as of August 2019 when the data is submitted externally), and we believe this commitment will also help us to address our gender pay gap.