This is the latest report from the Women in Finance Charter, compiling insights from 209 financial service organisations across the UK, USA, Europe and Asia. It provides a comprehensive analysis of their progress in meeting targets to increase gender equity within senior management. This review is key because it is published annually, which encourages transparent communication and instils accountability in some of the world’s largest and most influential financial firms.
In 2015 the UK government launched the Women in Finance Charter, to tackle gender inequity in financial organisations with more than 100 employees. This includes global banks, fintechs and regulators, amongst others. The Charter ensures all signatories pledge to 1) set targets for gender diversity in senior management 2) assign an accountable executive (AE) to oversee gender diversity and inclusion, 3) publish progress annually and 4) move towards linking the senior executive team’s pay to delivery against these targets.
2020 was a key year for the Charter, as the largest group of signatories yet (81) faced deadlines to achieve their targets. The review assesses the progress they made, provides context on how Covid-19 has impacted organisational gender diversity and highlights actions that organisations are taking to achieve their targets. The report focuses on statistical data, case studies and testimonials from organisations. It is crucial to note that every organisation sets their targets, deadlines, and definitions of senior management.
To find out more about how organisations can tackle gender equity and women’s development, check out these research summaries:
Taking Gender into Account Summary
“Potential” and Gender Promotion Gap Summary
When Women Lead, Firms Win Summary
Women’s Progression in the Workplace
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