This week RBS and Lloyds, two of the UK’s biggest banks, have set targets to improve ethnic minority representation in top roles.
The European Business released an article this week highlighting how the UK’s main banks are still so poorly representated when it comes employees with a BAME background. Lloyds Banking Group and RBS have now implemented targets and strategy plans to try and resolve this.
“Lloyds Banking Group said its targets marked the first time a FTSE 100 company had publicly laid out goals for ethnic diversity. The Royal Bank of Scotland followed up with the release of targets it gave internally in December.”
“RBS hopes to more than triple the representation of black, Asian and minority ethnic (BAME) people in leadership roles, which include about 4,000 employees, by 2025. At RBS this would increase the figure from 4 per cent to 14 per cent, while Lloyds is targeting a rise from 5.6 per cent to 8 per cent by 2020.”