Lloyds sets target to increase BAME colleagues in senior roles

Lloyds says the target is the first of its kind to be set by a FTSE 100 Company.

Currently, 8.3% of all colleagues and 5.6% of senior management are from a BAME background, compared to 12% of the UK labour force and 14% of the UK population.

The Group has already developed career development programmes for BAME colleagues and leadership programmes for senior management as well as a colleague network that aims to embrace the diversity of the Group’s race, ethnic and cultural heritage and offers an allies programme to help build supporter engagement and advocacy amongst colleagues.

Fiona Cannon, Lloyds Banking Group Director of Responsible Business and Inclusion, said: “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.

“Our data shows that while we are making good progress, we think this rate of progress is too slow, so we are committing to bring change sooner. We want to put into place the right building blocks that will enable us to build our diverse talent pipeline and deliver on our commitment to Help Britain Prosper.”