Women in Finance Charter - Aldermore Bank

HM Treasury’s Women in Finance Charter is a commitment to improve gender balance across the financial services sector, at every level.

The Charter commits firms to supporting the progression of women into senior roles in the financial services sector. It requires firms to publicly report on progress against targets to support this progression.

By signing up, organisations pledge to promote gender diversity by:

Having one member of our senior executive team who is responsible and accountable for gender diversity and inclusion;
Setting internal targets for gender diversity in senior management;
Publishing progress annually against these targets in reports on our website;
Having an intention to ensure the pay of the senior executive team is linked to delivery against these internal targets on gender diversity.

Our Vision and Commitment

The Women in Finance Charter is focused on gender diversity, but our ambitions are much bigger.

Many of the Charter’s recommendations are about fairness, equality and inclusion for everyone.

With that in mind, we aim to develop the actions and initiatives that improve diversity but which also create a truly inclusive workplace community, where opportunities for development and progression are accessible to all and respect is embedded in all our interactions.

What we’re doing

We’ve already been doing the groundwork to create an environment that welcomes everyone, nurtures diversity and promotes the need to adopt a zero tolerance approach to inappropriate behaviours.

We signed the Women in Finance Charter back in July 2016 and are already committed to adhering to the four recommendations in the Charter. We are developing a plan to achieve greater female representation in senior management roles, focusing on the “10 Positive Actions” outlined in the Review which accompanied the Charter.

A Steering Committee is tracking progress and driving delivery against our plans and targets.

November 2018 Update

As we did in 2017, we are again sharing an update on the progress we’ve made against our HM Treasury Women in Finance Charter targets, as set out in 2016.

Two years on from signing up, we’re pleased, and proud, to be able to share that as a Bank we have hit the target we set of having 30% of our senior roles held by females, ahead of the 2020 date. This report documents what we have been doing as a business to ensure we hit our target, and the journey that we’ve been on to create an inclusive and supportive culture throughout the organisation. To view this, you can download the report here.

To continue being open and honest, and as we say transparent, you will also see within the report our Gender Pay Gap figures for the past year, which we’re providing ahead of the April 2019 deadline.

What we still have to do

Aldermore has consistently invested in creating a culture that recognises talent, rewards performance and is attractive to new hires as an employer of choice. Signing up to the Women in Finance Charter is a natural next step for a company that is always evolving.

Our investment in the Charter will continue over the coming months and years to ensure it is embedded into our culture for the benefit of everyone.

To read our latest report on our progress click here.

Governance

We’ve established a Steering Committee to support our Accountable Executive, taking the lead on developing our plans and monitoring our progress.

This Steering Committee is made up of representatives from each part of the Bank, who have been selected for their passion for and interest in achieving equality and balanced workforce.

Women in Finance - Our Targets