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.

December 2019 Update

Aldermore gives significant importance to diversity and inclusion and we are again sharing the progress we’ve made against our HM Treasury Women in Finance Charter targets. We know, first hand, greater diversity contributes to a positive culture and the benefits can be seen every day in how we interact with each other, as well as how we engage customers. That’s why we work extremely hard to ensure success in delivering, not just the Charter’s targets, but also the spirit of it.

As in previous years, our annual Women in Finance report also includes our progress on gender pay, ahead of the April 2020 deadline, as part of our honest approach to create an inclusive and supportive culture throughout Aldermore. To view this, you can download the report here.

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.

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