CNA Hardy, Hastings, LV and NFU are among the 33 latest firms that have signed up to the Women in Finance Charter.
The Women in Finance Charter was launched in March 2016. The charter acts as a commitment between firms and HM Treasury to tackle gender inequality in the workplace.
Individual firms set their own targets, but are able to share best practices with one another.
The 33 latest signatories brings the total number of companies and organisations that have signed the charter to 300.
Speaking yesterday at the Tax Incentivised Savings Association’s annual conference, economic secretary to the treasury, John Glen MP said: “This takes us to 300 financial services firms have signed the charter who together employ over 780,000 people, close to 60% of the sector. It includes everyone from global banks to fintech firms with just a few employees. We have also inspired other countries, like Brazil and China, to take action on improving gender balance, through their own Women in Finance Charters.
“The Financial Reporting Council’s review of board diversity reporting, published in September 2018, found that charter signatories had a higher diversity reporting score than other FTSE 350 companies.
“The charter has forced the financial services sector to reconsider its culture, and firms who have signed up have reported to us that they are already putting in place new workplace policies on recruitment, flexible working and bonuses to ensure they achieve their targets.
“We still have a long way to go but it is this government’s aspiration to see a gender balance at all levels across all firms up and down the country. The figures bear out the fact that, though great progress has been made, gender imbalance hasn’t yet been eradicated. Words alone will not buck decades of indifference. We need deeds and I am calling on men working in financial services today to help confront this gender equality.”
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