Lloyds Banking Group pledges to increase proportion of ethnic minorities in management team to at least 3% by 2025 – UKMALAYALEE

Lloyds Banking Group pledges to increase proportion of ethnic minorities in management team to at least 3% by 2025

Saturday 18 July 2020 3:47 AM UTC

LONDON July 18: Lloyds Banking Group has commited to increasing its ethnic diversity to at least 3% by 2025. Following in-depth listening sessions with colleagues, Lloyds is taking focused action in support of Black colleagues.

Launch of a ‘Race Action’ plan to drive cultural change, recruitment and progression across the Group including: working in partnership with external experts to develop a race education programme setting a target to increase Black representation in senior roles to at least 3% by 2025 a greater focus on recruiting and developing Black colleagues committing to publish Ethnicity Pay Gap report in 2020.

Lloyds said it launched a plan to set up a new advisory board of BAME staff to shape the strategy and would work with external experts to develop a race education programme to remove bias in the bank.

All recruitment shortlists at “executive leader” will now have to have at least one BAME candidate and senior and middle management black staff will have specific development and sponsorship programmes to help them develop their careers.

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