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Women in Finance Charter

Our commitment to making Women in Finance work for everyone

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; 9907
  • 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.

Women in Finance - Our Targets

September 2017 update

In line with HM Treasury’s Charter, we are sharing the progress we’ve made one year on from signing up. This report will update on our progress so far, which has seen us increase our senior female representation from 21% to 26.5%, and the plans we have for the future to meet and potentially exceed the 30% target we’ve set to reach by 2020. To view our progress report download it here.

Within the report, you’ll also note our Gender Pay Gap figures, which we’re sharing ahead of the April 2018 deadline, which is when all businesses with 250 or more employees have to publish.

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.

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