Diversity and Inclusion
Diversity of thought and experience has always been at the heart of Schroders. And providing an inclusive environment where ideas are heard and debated is one of the keys to our long-term success. That's why we focus on attracting, developing and retaining the brightest talent across our business. Talented people are celebrated and valued at Schroders whatever their gender, age, race, sexual orientation, disability, religion, beliefs or other characteristics. We pride ourselves on always being open to different ways of thinking.
Diversity and inclusion at Schroders are championed at all levels, with our Group Chief Executive, Peter Harrison, acting as our most senior sponsor. Peter, together with the Group Management Committee, is personally accountable for making sure we foster a culture that's inclusive and that strives for diversity in all that we do across our global workforce.
Diversity of thought is critical to success in modern business. At Schroders we are going a step beyond simply saying that it is important.
– Peter Harrison, Group Chief Executive
Our Diversity and Inclusion action plan
- Engage with recruitment partners around diversity and inclusion
- Launch employee resource groups
- Capture diversity data
- Review maternity, paternity, family and flexible working policies
- Position asset management as an attractive industry for female and BAME talent
- Introduce mandatory diversity & inclusive training for employees
- Launch employee mentoring programme, starting with a women’s mentoring programme
- Introduce 50/50 gender split at assessment centres
- Introduce a transgender policy
- Roll out global unconscious bias training for all employees
- Introduce informal flexible working
- Partner with FT125’s and INSEAD’s women’s programmes
- Target of at least 33% women in senior management
- Launch flexible working campaign to encourage uptake
- Introduce digital assessment tool to combat hiring bias
- Introduce BAME target at assessment centres
Women in Finance Charter
In May 2016, Schroders signed up to the Women in Finance Charter, a pledge for gender balance across financial services. The charter sets out to build a more gender-balanced and fair sector. Signatories pledge to commit to progressing women into senior roles, setting a strategy with measurable targets and reporting publicly on their progress.
We are committed to striving for gender equality across our business. We originally set a target of 30% female representation in senior management roles by the end of 2019, up from 25% at the end of 2015. We achieved our 30% goal in January 2017. As a result of our continued progress in this area, we increased our target to 33% by the end of 2019. As of December 2019 we have 32% female representation in senior management and believe that we are likely to end January 2020 at 33%
We will be publishing our new Diversity and Inclusion strategy including new targets by the end of Q1 2020.
We see transparency around gender pay as integral to having more meaningful conversations around equality.
Senior management 2019
We are proud to support The Diversity Project and our Group Chief Executive is a member of its CEO Advisory Council. This is a group of leaders in the investment and savings profession that decided to take action to accelerate progress towards an inclusive culture within our industry.
We are delighted to be a member of OUTstanding, the professional network for LGBT+ executives and future leaders and their allies, as part of our commitment to diversity and creating an inclusive workplace for everyone.