Our Women in Finance Charter commitments:
Since signing up to the Women in Finance Charter, we’ve worked hard to make progress against our target, reflecting the commitment that we have to building strong female representation at all levels of our organisation. When signing up to the charter we set ourselves a target to increases this to 40% in our senior management roles by 2020.
We’re proud to confirm that we achieved our target this year and as at 31st August 2020, now have 43% female representation at senior management level within Virgin Money.
And while we’re proud of the progress that we’ve made, we are conscious that we need to remain committed in our efforts to not only to drive actions that improve diversity, but that also create a truly inclusive culture. To do this we will build on the progress that we’ve made so far and continue to explore opportunities to enable this further.
Key initiatives in this area include:
2016 Empowering Productivity Report
This Report and its recommendations are about fairness, equality and inclusion for men and women. More women than men start out in Financial Services but, as they progress, the majority fall out, especially at middle management level. This leaves almost all of the top jobs in the hands of men.
Achieving a balanced workforce at all levels in Financial Services will undoubtedly improve culture, behaviour, outcomes, profitability and productivity.
Nearly 3,500 people – men and women – contributed to this Report through a variety of channels and I am delighted to be able to make their views heard in this way.
"Only 50% of women, compared to 70% of men believe they have an equal opportunity to advance regardless of their personal characteristics or circumstances."
"New Financial's sample of 200 firms active in UK Financial Services showed an average of 23% female representation on Boards, but only 14% on Executive Committees."
"We're all used to having bosses that are men, pilots that are men, train drivers that are men. We're all used to having secretaries that are women. We need to have role models for ourselves but we also need to have role models for our children."
You can find more information about Broadminded at www.broadminded.org
Views from across the UK Financial Services sector