In 2016 Lloyd’s became a charter signatory of the Women in Finance Charter, a government backed initiative designed to improve gender diversity in senior management across the financial services sector.
Improving gender diversity
We are committed to creating a truly inclusive environment and enable our colleagues to develop and thrive at each stage of their career.
To align with the cultural change we are driving across the Lloyd’s market, we are holding ourselves to the same standard we expect of the wider market, which is a long term goal of gender parity by 2030, whilst ensuring we remain above the short term market target of 35% women in leadership by end of 2023. Lloyd’s has achieved its target. We base our target and definition on three levels, Board (Council), Exco and Exco direct reports. As at 30 June 2022, Lloyd’s had 40% women in leadership at global level and 51.6% at UK level.
We also have policies, processes and practices in place to support gender balance, which include diversity data analysis to help us identify gaps and measure progress, inclusive recruitment practices, flexible working, market leading parental policies, emergency leave and backup care, our Advance development programme and a gender network.
In 2021 we completed the EDGE certification process and were certified as EDGE move. EDGE is distinguished by its rigor and focus on business impact, assessing gender representation, pay equity, effectiveness of policies and practices and inclusiveness of the culture.