Diversity, equity, and inclusivity (DEI) in an organisation help bring unique perspectives and ideas to create more innovative, productive, and resilient enterprises. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
Over the past three decades, the gender gap in organisations has narrowed, attributed to labour mobility worldwide. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. However, labour market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.
Standard Chartered Plc (Standard Chartered) is a global financial services provider that provides a range of personal banking, wholesale banking, private banking, SME banking, and business banking solutions. In 2021, the company reported 45.5% women participation in its workforce which increased 0.1 percentage points over 2020. Representation of women in the company at the senior management level increased to 30.7% by 1.2 percentage points over 2020.
In the UK, the Black representation in senior leadership is 2.4% while in the US the representation of Black & African Americans in senior leadership is 2.7% and Hispanic & Latinx in senior leadership is 9.7%.
Standard Chartered is committed to having women occupy 35% of senior leadership positions by 2025. The company has also set a target to increase the representation of Black, Asian and minority ethnicity in the UK in senior leadership to 20% by 2025.
China
United States of America
Italy
United States of America
United States of America
United States of America
United States of America
Australia
United States of America
Kenya
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer