Lloyds Banking Group (LBG) has become the first FTSE 100 Company to set a target to increase the proportion of BAME employees in senior management roles.

LBG has set a public target to increase BAME representation to 8 per cent of senior management, and this will now be included in LBG’s 2018 Helping Britain Prosper Plan.

At present, 10 per cent of the LBG’s customers are from a BAME background and the company wants to reflect the customer base it serves in this metric, so additionally there is a target to have 10 per cent of the total workforce with a BAME background by 2020. Currently, 8.3 per cent of all employees and 5.6 per cent of senior management meet this criterion.

Fiona Cannon, Lloyds Banking Group director of responsible business and inclusion says: “What gets measured gets done and we are confident we can meet our diversity goals with the right focus and determination. We recognise that companies with diverse management teams perform better and have made a public commitment to create a truly inclusive workforce. It is our ambition to better reflect the customers and communities which we serve.”

Share Story: