Women in Finance Charter
HM Treasury’s Women in Finance Charter is a UK Government sponsored initiative which reflects the aspiration to see gender balance at all levels across the financial services sector.
The Charter commits companies to support the progression of women into senior roles in the financial services sector.
We’re proud to be one of over 250 firms that have voluntarily committed to work together to build a more equitable and fair industry in terms of gender balance. And as part of our commitment we will publicly report on our progress against targets to support this progression.
The Charter is comprised of four pledges. Our targets mapped to each are:
- To have a senior executive take responsibility and accountability for gender diversity and inclusion.
- Our UK Executive Committee has unanimously endorsed the signature of the Charter, with Christophe Lattuada, Chief Executive Officer, SG London Branch and Chief Country Officer, UK, being the leading sponsor.
- To set internal targets for gender diversity across senior management.
- Our target is to increase the number of women in senior roles across our UK platform (SG London Branch, SG International Limited and Kleinwort Hambros) to reach a minimum of 25% by 2022.
- To publish our progress annually against these targets on our website which will directly link to the HM Treasury website.
- As defined by HM Treasury, we will publish our targets by September 2019, reporting on our progress annually to support the transparency and accountability needed to drive change.
- To link our senior executive team’s reward with delivery against our gender diversity targets.
- Each UK Executive Committee member has a diversity and inclusion objective linked to how the Business Unit(s) or Service Unit(s) under their scope of accountability contribute to the overall UK result. Each year, their appraisals will include a specific and measurable performance assessment linked to the creation and implementation of specific divisional annual diversity and inclusion plans.
The Women in Finance Charter is focussed on gender diversity, but our ambitions are much broader.
We believe the Charter is equally about fairness, equality and inclusion for all. Collectively, this aims to create truly inclusive workplaces, where opportunities for development and progression are accessible to all and respect is embedded in all interactions.
Through our proprietary Life@Work Employee Engagement framework, we are making good progress on our journey to create a culture where everyone can thrive, irrespective of their gender, sexual orientation, race, age, disability, religion or belief. Life@Work plays an integral part in creating an organisation our employees feel proud to work for and others aspire to be part of.
We encourage our people to bring their whole selves to work, so they can be at their best in a workplace that promotes an environment of wellbeing and inclusion – which is essential for our people to thrive. In turn this ensures we are able to continue building a sustainable business and achieving the best results for our clients.
Gender Pay Gap
To be a sustainable and successful business, we need a diverse and inclusive workforce that reflects the world around us and harnesses the talent within us.
This fundamental belief is codified in our core values as a group – team spirit, responsibility, commitment, innovation – which together promote a culture of inclusivity that’s open to challenge and change.
So, we welcome transparency around our gender pay gap. It acknowledges the ongoing challenge in the financial services sector to attract and retain female talent, particularly at senior levels.
Continuing the Journey
We, like the rest of the financial services sector, recognise there is much to do in order to not only address the gender imbalance in our industry, but on a wider scale to be fully inclusive and attractive to the full talent pool. As a bank, we have always invested heavily in nurturing a culture that recognises talent, rewards performance and is attractive to new hires as an employer of choice – this is why signing up to the Women in Finance Charter was a natural next step for us as a dynamic, agile and evolving organisation.