Being able to attract, develop, fully utilise and retain top female talent is highly important to us, and we recognise that companies with gender diverse senior management teams perform better. For this reason, Lloyds Banking Group has made a commitment to be a leader in gender diversity.
In 2014 we made a bold public commitment on gender equality in our Helping Britain Prosper plan; to increase the proportion of senior management roles held by women to 40% by 2020.
In 2016, we were among the first signatories to the Women in Finance Charter, which reinforces our Helping Britain Prosper Plan commitment of 40% women in senior management roles. Our commitment to gender diversity is led from the top. Our Executive Sponsor for Gender, Stephen Shelley, champions this important initiative.
Since we launched the goal in 2014, representation of senior women has increased from 28% to 35.3% (as at the end of 2018). We have made good progress and will continue to work towards meeting our 2020 commitment.
Our award-winning women’s network, Breakthrough, is now the largest of its kind in the UK with 15,000 members and 4,000 mentors. Breakthrough held more than 200 events in 2018 on career development and mentoring. Follow Breakthrough on Twitter @LBGBreakthrough.
Supporting the next generation
We are proud sponsors of the Women of the Future Ambassadors Programme, which connects award-winning women with school sixth formers to provide the students with mentors and role models; strengthening the pipeline of talent among Britain’s younger women. In 2018 we worked with 30 schools and 100 Ambassadors have engaged with more than 2,600 students through the programme.
Recognition of our work
Our work to improve gender equality was recognised in 2018 with the Group’s inclusion in the Times Top 50 Employers for Women list for the seventh year runningand in the 2019 Bloomberg Gender-Equality Index.
Many of our senior women have also been recognised externally in power lists. In 2018, two of our leaders were named in the 2018 Financial Times HERoes list and three of our leaders were named in the 2018 Cranfield '100 women to watch' list.