Women in Finance
In 2018 Danske Bank UK was proud to become signatories of two gender diversity charters: the NI Gender Diversity Charter Mark and the HM Treasury Women in Finance Charter signifying the importance Danske Bank places in gender diversity and our unwavering commitment to create a more balanced workforce.
Our drive is fuelled by the knowledge that a diverse employee base is not only good for our workplace culture, but also helps us better understand your needs allowing us to serve you better.
The HM Treasury’s Women in Finance Charter was established in 2016 and asks financial services firms to pledge to four industry actions to help address gender inequality in the financial services sector.
- Have one member of the senior executive team who is responsible and accountable for gender diversity and inclusion
- Have internal targets for gender diversity in senior management
- Publish progress annually
- Ensure pay of the senior executive team is linked to delivery against these targets on gender diversity
Women in Finance Charter Pledge
When we signed up to the Charter in May 2018, we had 43% female representation at senior management level (Grade 7+). We are proud to have achieved 50% representation of women in senior roles (Grade 7+) in August 2020. Since then, we have moved into a ‘maintenance’ phase for this target, ensuring we sustain this achievement within tolerance.
Building on this progress, we set a target to achieve 42.7% female representation in Grade 8+ roles by December 2024. We are delighted to share that we not only met this target in July 2024. This success positions us to have an even greater impact on improving female representation in the most senior management roles. Looking ahead, we are now working towards a new target of achieving 45% female representation in Grade 8+ roles by December 2026.
Our Executive Committee remains focused on monitoring performance scorecards to ensure progress towards our targets, while our Board Nomination Committee provides oversight of Diversity, Equity & Inclusion (DE&I) at the highest level as part of its charter. These efforts collectively reinforce our commitment to creating a more diverse, equitable and inclusive organisation.
Our HR team ensures that Diversity, Equity and Inclusion is embedded across our culture, our people proposition and how we work, building meaningful people solutions grounded in colleague data and reflecting colleague needs. They build meaningful external partnerships and benchmark our activity against best in class to ensure we continue to deliver for our colleagues, customers and wider society, attracting and retaining the best talent regardless of diversity characteristic.
Our Danske Gender Diversity Network plays a fundamental role in driving meaningful conversations about gender issues, promoting allyship, delivering key activities and raising awareness both in the bank and across wider society, supporting women’s professional growth, and reaffirming our commitment to Diversity, Equity & Inclusion (DE&I).
