Over 40 new companies have signed up to the Women In
Finance charter, which aims to promote gender diversity in
Financial Services, the City Minister has announced
today.
The new signatories come as the third Women in Finance annual
review, published today, shows that the proportion of women in
senior management has increased at Charter firms, with three out
of four firms increasing or maintaining their proportion of women
in top jobs in 2019.
The report also shows that the average female representation in
senior management has increased from 30% in 2017 to 32% in 2019.
One third of firms signed up to the Charter have already met
their targets for women in senior leadership. The rest have set
targets for this year and beyond, which the majority report they
are on track to meet.
City Minister, , said:
I am determined to see financial services firms improve their
gender diversity. Today’s figures show that progress is being
made, but that there is still a great deal more to do. With the
scale of challenges and opportunities facing financial
services, we cannot afford to miss out on the best talent and
leadership.
Firms’ response to Coronavirus has demonstrated that flexible
working is not only possible but also a positive change which
benefits everyone. As we plan our recovery, I encourage firms
to think about how we build on the lessons learned to
accelerate progress.
42 new companies have signed the charter, which commits firms to
supporting the progression of women into senior roles in the
financial services sector. This brings the total number of
signatories to over 370.
This comes at the same time as a doubling of signatories to the
Investing in Women Code, a Treasury-sponsored programme to
improve access to finance for women, and to provide support to
female entrepreneurs. 66 firms are now committed to increasing
the transparency around the funding provided to entrepreneurs and
founders, and supporting innovative women.
Notes
- the full list of signatories is available here
- the third annual report, which is based on data collected in
September 2019 is available here
- the Investing in Women Code is available here
