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 became the first FTSE 100 organisation to make a 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.
It’s an ambitious goal, but it’s one we continue to make progress towards having already increased representation of senior women from 28% to over 35% at the end of 2018.
In 2016, we were among the first signatories to the Women in Finance Charter, which reinforces our Helping Britain Prosper Plan targets to increase women in senior management roles. Our commitment to gender diversity is led from the top with our Executive Sponsor for Gender, Stephen Shelley, championing this important initiative.
In 2015 we launched a ‘Women in Leadership’ programme for middle management women – 25% have achieved a promotion since attending the programme.
In 2018, we launched a sponsorship programme for women and BAME colleagues, which has resulted in colleagues progressing 5 times faster than those without a sponsor.
And our Returners programme specifically targets professional women (and men) who have been on a career break of at least two years, and has resulted in professional internship placements for over 90 talented women since 2016.
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 2019 with the Group’s inclusion in the Times Top 50 Employers for Women list for the ninth year running and in the 2020 Bloomberg Gender-Equality Index.
Many of our senior women have also been recognised externally in power lists. In 2019, one of our leaders was named in the 2019 HERoes Women’s Role Models list and two of our leaders were named in the 2019 Cranfield Women to Watch list.