Women in Finance Charter

Treasury written question – answered on 7th October 2019.

Alert me about debates like this

Photo of Rachael Maskell Rachael Maskell Shadow Minister (Transport)

To ask the Chancellor of the Exchequer, how many organisations in (a) Yorkshire and the Humber, (b) London and (c) the UK have signed up to the Women in Finance Charter; and how many workers in each such area are covered under that Charter.

Photo of John Glen John Glen Minister of State (Treasury) (City), The Economic Secretary to the Treasury

HM Treasury’s Women in Finance Charter reflects our ambition to see an improved gender balance in the financial services industry. Charter signatories have committed to implement strategic actions to improve their gender balance at a senior level.

To date, over 350 financial services firms have signed the Charter, covering over 800,000 people. Of these, around two thirds of signatories have headquarters in London and around one third have headquarters elsewhere in the UK.

We only hold information on the location of each signatory’s headquarters and so we are unable to provide an estimate of how many workers in each area are covered by the Charter. For example, some of the signatory organisations headquartered in London will have locations in other areas of the country. Of the over 1 million people employed in the financial and insurance sector in the UK, 63% work outside London.

Our second annual review of the Women in Finance Charter was published on 14 March 2019 and demonstrated that 72% of signatories had increased the proportion of women in senior management over that period. Firms who have been signed up for two years made more progress in the second year than in the first. We are in the process of gathering data for the third annual review which I hope will show further progress.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.