Diversity & Inclusion
Innovation and strong governance are key ingredients to the success of our business: that’s the real value of diversity. We don’t just get the same voices around the table. We value everyone’s point of view and are open to new perspectives. We encourage a disruptive mind-set, a positive one which helps us to be thought leaders rather than followers.
Women in Finance
Our hugely ambitious 50/50 by 2020 initiative which started in 2014, continues to push hard on gender diversity, ensuring our board is diverse and working hard to remove the barriers to women’s progression throughout the organisation.
We are pleased to be one of the first signatories to the HM Treasury’s Women in Finance Charter. The objective of the charter, to increase the representation of women in Financial Services, is consistent with our 50/50 by 2020 Programme which has been in place since July 2014 and aims to achieve gender balance by 2020.
To meet our Charter commitments and move us towards our 50/50 by 2020 aspiration Legal & General set a target to increase the representation of women in middle to senior management roles from 35% in July 2016 to 40% by the end of 2017.
To achieve this target we developed actions plan in each of our business divisions which focus on how we attract, retain and develop our female talent.
These actions are taking us towards our aspiration of 50/50 by 2020, however, while some of our business divisions have seen an increase in women at the senior level, and we are hiring and promoting more women into senior roles, unfortunately due to the impact of other changes in our business, we have not yet succeeded in achieving the 40% target.
We will continue working towards our aspiration in 2018, and as well as working towards our Charter commitments during the last 18 months we have also taken steps to ensure that the culture of our organisation is more inclusive in order that we can attract diverse talent and all employees, whatever their background, can realise their full potential at Legal & General.
We strive to be a vibrant business that values inclusiveness and embraces difference, where our employees are engaged and empowered to deliver business results because better business decisions come from a diverse set of views.
How we aim to achieve our vision
- Culture: Creating the right culture for diversity and inclusion to flourish.
- Insight: Understanding where we are now, setting goals and measuring our progress towards becoming more diverse.
- Communication: Engage our leaders, employees, customers and stakeholders in the diversity agenda.