A third of Royal Bank of Scotland’s senior management roles will be held by women by 2020.
The diversity target is outlined in the lender’s sustainability report and according to the document is “supported by plans which contain specific, measurable activities to increase senior female representation and better balance across all levels within the bank.”
Currently RBS, which is 79% owned by the tax payer, has a 30% female workforce in the HR department, but only a 15% female workforce in the investment banking sector.
The target has been introduced after the bank achieved its goal of ensuring that women hold at least 30% of its top 5,000 role.
In clerical positions within RBS, women far outnumber men by two-thirds to one third, but this is reversed for senior roles despite 54% of the workforce being female.
Marjorie Strachan, head of inclusion at RBS, said: “30% is the tipping point that makes a difference in culture and behaviour.”
Source: Director of Finance Online – http://www.dofonline.co.uk/govern/regulation/9132-rbs-encourage-diversity-in-senior-roles