Women in finance charter

Supporting women’s development

Inclusion is fundamental to our organisation and we believe it’s vital to our success, both now and in the future.

As part of our commitment to build an inclusive culture where everyone is enabled and empowered to do their best work, we signed up to HM Treasury’s Women in Finance Charter in 2018.

On the back of this, we set ourselves the following targets:

30% of senior management positions filled by women by the end of 2020 and;
35% of senior management positions filled by women by the end of 2023.

Our first milestone is the end of 2020 and we believe we are on track to meet this.

We’ve increased the representation of women in senior management by sixteen people since we signed up to the charter in 2018 and overall representation of women as a percentage of senior management has risen from 24% to 28% (at 30 June 2020). As well, we’ve made excellent progress in growing the pool of talented women in the company and expect to meet our 30% goal by the end of the year.

The following table illustrates our progression since 2018.

	2018	2019	2020
Women as a proportion of total workforce population	47%	48%	48%
Women senior managers as a percentage of total senior management	24%	23%	28%

Our progress in 2020

We continue to make good progress embedding gender equality and inclusion across our organisation. We’ve undertaken a thorough, comprehensive review of our talent, that focuses on our future talent pool as well as our current senior management population.

Our talent acquisition strategy focuses on inclusive practises ranging from gender neutral language in all job campaigns, through to mixed interview panels and Director-led reviews of all starting salaries for senior management level appointments. We also provide our executive team with regular progress reports on appointments of women in the company.

Our progress reports show this is having a positive effect and we continue to monitor the long-term impact this will have on the representation of women in senior positions.

We’re committed to improving the way we identify, develop and support talent across our organisation. Supporting women’s development will be vital to achieving this. We want to build a culture that lives and breathes our values and actively supports all our people, to help them develop and thrive in our business.