The Women in Finance Charter now covers over 800,000 people in the financial sector after 21 new signatories brought the total number of firms to over 350.
The Treasury’s Women in Finance Charter advises that financial firms support the progression of women in senior roles and set their own gender targets.
The latest signatories include investment firms Allianz Global Investors and Natixis, business-banking tech company Tide, and lender Fiduciam, which has pledged to double the proportion of women in its senior team within 18 months.
In March this year, the charter boasted of having over 330 signatories, having grown from 122 in March 2017.
Fiduciam head of case management Marieke Eskens says: “All of our colleagues were very supportive when we introduced the idea of signing up to the Charter as all welcomed the idea to publicly affirm how seriously Fiduciam takes gender equality. The Charter really does put a mark in the sand as to where a firm stands on this subject and more organisations should not be afraid of being held publicly liable for their gender equality goals.”
Women in Finance Champion Dame Jayne-Anne Gadhia says: “I am delighted to see the charter continue to grow. It is the businesses that address their culture and understand the power of diversity that really succeed.
“The top quarter of businesses on gender diversity are 21 per cent more likely to have above-average profits than the bottom quarter. So, this is not just the right thing to do socially, it is the right thing to do for business.”
The Economic Secretary to the Treasury John Glen adds: “It is great to see so many financial organisations signed up to the charter, but we cannot be complacent.
“We need to make sure this is translated into meaningful change across the sector. So, it is reassuring that people are already seeing the charter as a driver for change in their companies, including on wider diversity issues too.
“Signing the charter is just the first step, and I encourage all signatories to continue this work so we can create a fairer, more equal industry.”