Bank campaigns for greater inclusion in senior roles
12th February 2018
Lloyds Banking Group has set a target to increase the proportion of people from black, Asian and minority ethnic (BAME) backgrounds in senior management roles.
Lloyds, which has a major centre at Barnwood, wants to raise BAME representation to eight per cent.
It says the target is the first of its kind to be set by a FTSE 100 Company.
At present, ten per cent of the group's customers are from BAME backgrounds and Lloyds says it is the group's long term ambition to accurately reflect the customer base it serves.
Lloyds said: "With the BAME population currently under represented across UK companies, the group is working to remove barriers for talented BAME colleagues to help create a truly inclusive workforce.
"The group's public commitment aims to increase representation of BAME colleagues to eight per cent of senior management and, additionally, to ten per cent of the total workforce by 2020.
"Currently, 8.3 per cent of all colleagues and 5.6 per cent of senior management are from a BAME backgrounds. This compares to 12 per cent of the UK labour force and 14 per cent of the UK population.
Fiona Cannon, Lloyds Banking Group director of responsible business and inclusion says: "What gets measured gets done and we are confident we can meet our diversity goals with the right focus and determination.
"We recognise that companies with diverse management teams perform better and have made a public commitment to create a truly inclusive workforce. It is our ambition to better reflect the customers and communities which we serve."
Copyright 2019 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.