Our commitment to signing the HM Treasury Women in Finance Charter supports our existing gender equality strategy and demonstrates our commitment to do more. We have set an ambitious 50% (+/- 10%) target (the variation of +/- 10% to reflect the timescale, the desire to develop and retain the right internal talent, and the existing availability of senior women in the financial services industry).
When we signed up to the Charter in June 2016, we had 27.5% female representation in senior management roles. As of September 2020, that figure has increased by 4.7% to 32.2% female representation in senior management. In our senior female population below our Executive Committee we have increased representation by 12% across the period.
Understanding that we have set ourselves a challenging target, we acknowledge that this increase is slower than we would like. However, we continue to refine and evolve our Diversity & Inclusion gender strategy to accelerate the pace by which we increase the number of women in senior management roles.
Our actions in this period can be found in our Diversity Pay Report.