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Ethnicity

Our aim is to increase the ethnic diversity of our workforce and unlock the potential of our Black, Asian and Minority Ethnic colleagues.

We’ve set an ambition to increase representation of Black, Asian and Minority Ethnic colleagues to between 19% and 22% in executive roles1 by the end of 2030.

We also aim to increase Black representation in executive roles to between 3.5% and 4% by the end of 2030.

In an increasingly multicultural society, we can only truly become the best bank for customers if our workforce reflects the diversity of the UK population.

We are guided by the principles of our Race Action Plan, launched in 2020, which focuses on driving cultural change, improving recruitment and progression within the Group, and actively supporting Black heritage communities across the UK.

Our race action plan

 

At Lloyds Banking Group, we stand against racism and discrimination in all its forms.

While we’ve worked hard over the years to create a more inclusive organisation, the launch of the Race Action Plan in July 2020 was a real turning point in our journey. Launched against the backdrop of the Black Lives Matter movement and the coronavirus pandemic, the plan has helped us to address the specific challenges we know our Black colleagues and customers are facing.

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The Black entrepreneurs programme progress report

The Lloyds Bank Black entrepreneurs programme was created to break down the barriers faced by Black-owned businesses. This report is a snapshot of what we’ve achieved so far and a renewed commitment to building a more inclusive entrepreneurial landscape.

Read the report PDF, 3MB (opens in new tab) .

Race at Work Charter

In 2018, we signed the UK Government’s Race at Work Charter and have recently renewed our commitment to this. We currently meet and exceed its principal requirements.

We continue to work to increase the ethnic diversity of our workforce and unlock the potential of our Black, Asian and Minority Ethnic colleagues.

What is it like to work at Lloyds Banking Group?

Sarah has worked with us for a few years and has been involved in some really impactful projects.

But don't take our word for it. Over to you Sarah...

Watch the video Opens video player about Sarah's experience working at Lloyds Banking Group in new tab
 

Our REACH network

Our REACH network (Race, Ethnicity and Cultural Heritage) connects, supports and develops colleagues from a range of ethnic and cultural backgrounds, with membership open to all colleagues.

It currently has over 4,000 members and 700 advocates.

Ethnicity Pay Gap Report

Following the launch of our Race Action Plan in July 2020, we committed to voluntarily publishing our Ethnicity Pay Gap Report.

We’re publishing our data because it is the right thing to do and we’ll continue to share this annually so we can track our progress and continue to take action to narrow the gaps that exist.

While our data tells us that on a mean average basis, none of our Black, Asian or Ethnic Minority colleagues are paid less at any individual grade, our Ethnicity Pay Gap Report reveals that there is a clear difference in the representation of Black, Asian and Minority Ethnic colleagues within senior management levels in our business, and that this difference is at its widest amongst Black colleagues specifically.

Download the latest report

Other pages you might be interested in

Supporting Black-owned businesses

Designed by Channel 4, we are a proud partner of this initiative, which rewards four businesses ready to scale through the power of TV advertising and mentorship. 

Read about the initiative Read about the Channel 4 initiative to support black-owned businesses. Link opens in new tab.

Excelling Black talent

As part of our Race Action Plan, we’re committed to nurturing our talented Black colleagues by creating specific talent programmes, so that we can help break the ceiling for senior Black role models.

Read about the programme Find out more about the excelling Black talent programme (opens in same tab).

Inclusion at Lloyds Banking Group

We strive to create a fully inclusive environment for all our colleagues, customers and communities, one that is truly representative of modern-day Britain.

Read about inclusion Find out more about diversity and inclusion (opens in same tab).