Diversity, equity, and inclusivity (DEI) in an organization help bring unique perspectives and ideas to create more innovative, productive, and resilient enterprises. It also contributes to equality of opportunity and treatment in the workplace at all stages of the employment relationship, including recruitment, retention, promotion, remuneration, and access to training and skills development.
Over the past three decades, the gender gap in organizations has narrowed, attributed to labour mobility worldwide. There has been an increasing global awareness that all workers have a right to a dignified and respectful workplace irrespective of their sexual orientation and ethnicity, which helps to promote an open and inclusive workplace. The labor market disruption due to the COVID-19 has had devastating consequences globally. According to International Labour Organization (ILO), women’s employment declined by 5% globally in 2020 compared with around 4% for men.
Globally, banks are reporting diversity and inclusivity to ensure that all genders and backgrounds have a more equitable and inclusive workplace. Companies and banks benefit from a diverse workforce by attracting new customers as people want to do business with institutions that share their values.
Societe Generale, Lloyds Banking Group, Citigroup, Credit Agricole, and Bank of America are major banking companies with a significant women representation in senior management in their global workforce.
Societe Generale is a provider of banking and financial services. In 2021, the company had the highest percentage of women participation in its senior management globally. The company reported 43% women participation in its senior management, which remain unchanged over 2020. Societe has set a goal to have at least 30% women on the strategic committee, the executive committee, and in key positions of the Group.
Lloyds Banking Group is a provider of a wide range of banking and other financial services primarily in the UK, reported 37.7% women participation in its senior management in 2021, an increase of 0.7 percentage points over 2020. The company aims to increase a minimum of 3% of Black representation and 50% of women representation in senior roles by 2025.
Citigroup Inc (Citigroup) is a provider of diversified financial services. In 2021, the company reported 37.6% women participation in its senior management, an increase of 2 percentage points over 2020. As of late 2021, the company has already invested over $1 billion in strategic initiatives to help close the racial wealth gap and increase economic mobility in the US.
In 2021, Credit Agricole and Bank of America reported 37.5% and 36.7% women participation in their senior management, respectively.
United States of America
United States of America
United States of America
United States of America
China
United States of America
United States of America
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Access more premium companies when you subscribe to Explorer