Women in Finance
Supporting the progress of women in our organisation
Building an inclusive culture is fundamental to our business. Our future success is built on supporting and empowering all of our people to be the best they can be. We are proud to have signed up to HM Treasury’s Women in Finance Charter.
The Women in Finance Charter is a pledge for gender balance across financial services. By signing the charter, we pledge to be amongst the best businesses in sector, working to build a more balanced and fair industry in the UK. We believe diversity and inclusion is a simple concept – to have the right people, regardless of background, in the right role. We value individual talent within a team framework and respect that high standards and innovation contribute to our high performance culture. We have set ourselves a target of 45% of women in senior leadership roles by October 2022.
Our progress in 2020
We’re making good progress on embedding gender equality across our business. In the past year we’ve taken positive steps in equalising our parental pay and leave policy, ensuring all parents have the same paid entitlement to leave. In supporting our people balance caring and work responsibilities, we have promoted and will continue to promote flexible working opportunities. To set us up for further success, we’re reviewing succession plans and the gender balance of our talent pipeline.
When we signed up to the Charter in September 2019, we had 35% female representation in senior management. As of 1st September 2020, we have 38% female representation in senior management. We believe we are on track to meet our Charter target of 45% by October 2022.We’ve also grown female representation on the Board from 11% to 30% in just one year. This is due to successfully appointing a female Senior Independent Director and an additional female Non-Executive Director to the Hodge Board.
In order to support our female employees internally, we have a number of the female employee population currently working towards their ILM Level 5 with the support of Chwarae Teg. We also commenced and continue to plan unconscious bias for all our colleagues.