Women in finance
In July 2016, Barclays was proud to become one of the first signatories to the HM Treasury Women in Finance Charter, a government backed initiative designed to improve gender diversity in senior positions across the financial services sector.
The companies that have signed up to the charter employ over half a million people and span across the breadth of the financial services sector. Each has pledged to improve gender diversity in their companies and include specialist industries such as FinTech, as well HM Treasury, the Financial Conduct Authority and financial services trade bodies.
The Women in Finance Charter commits financial service firms to link the remuneration packages of their executive teams to gender diversity targets. The charter encourages companies to commit to:
- Having one member of the senior executive team responsible and accountable for gender diversity and inclusion
- Setting targets for gender diversity in senior management
- Ensuring pay of the senior executive team is linked to delivery against these targets.
To proactively support gender diversity, our CEO Jes Staley, was appointed as the Executive Sponsor, responsible and accountable for gender diversity, equity and inclusion within the enterprise.
Increasing gender diversity is integral to our long-term goal for Barclays. We recognise that being able to attract, develop and retain top female talent is crucial, and that companies with gender diverse senior management teams perform better.
As a founding signatory of the HM Treasury Women in Finance Charter, a signatory of the Hampton Alexander Review and contributor to the Bloomberg Gender Equality Index, we proactively set gender targets. Our ambition is to achieve 28% female Managing Directors and Directors (MD/D) globally by the end of 2021. The definition of MD/D has been used since 2012 as part of Barclays’ gender goal setting up to 2021. At the end of 2020, 26% of our Managing Directors and Directors globally were female, and 29% of our UK Managing Directors and Directors were female. We have met our target for the UK during the 2020 reporting period, and are making progress towards our global ambition set for the end of 2021.
We also continue to work towards the Hampton Alexander targets of 33% females on the Board of Directors and 33% on Group ExCo and direct reports.
More information about our support for the HM Treasury Women in Finance Charter and our progress in becoming a more inclusive organisation is set out in our first ever Diversity and Inclusion Report. (PDF 1.5MB) on page 11 and Barclays Annual Report on page 34.