The Women in Finance Charter is excited to announce that it now has over 400 members. The commitment by the HM Treasury and its body of members collaborate to build a more balanced and fair industry, with its members thriving to be the best in their sector.
The Charter reinforces the UK government’s commitment to achieve gender balance at all levels in the financial services industry. The premise is that a balanced workforce is good for business, including its customers, workplace culture, profitability and is an attractive premise for investors. This includes having more female founders and employees in middle management and senior management roles.
Key focus terms of the Charter include:
- A member commits to supporting the progression of women into senior roles in the financial services sector by focusing on the executive pipeline and the mid-tier level;
- A member recognises the diversity of the sector and that firms will have different starting points – each firm should therefore set its own targets and implement the right strategy for their organisation; and
- A member is required to publicly report on progress to deliver against these internal targets to support the transparency and accountability needed to drive change.
Those looking to be involved or to become members can find out more information and registration here: https://www.womeninfinance.org.uk/
Amongst the 400 participating firms, they cover more than 1 million employees including global banks, credit unions, insurance companies and small fintech startups with headquarters in the UK, USA, Europe and Asia. Well-known signatories include Financial Services Compensation Scheme, J.P. Morgan, MT Finance, Admiral Group, Equifax and Yorkshire Building Society.
David Postings, Chief Executive of UK Finance said: “Having a diverse and inclusive culture in financial services brings enormous benefits to employees, firms and society as a whole. The HM Treasury Women in Finance Charter industry is a key element of the industry’s action to ensure the workforce reflects the customers and communities that it serves. UK Finance is a proud supporter and we are pleased that we now have 39 per cent female representation at senior level.”