Lloyds Banking aims for 8% target of BAME senior managers by 2020

Lloyds Banking Group has a target of having 8% of its senior managers from Black, Asian and Minority Ethnic (BAME) backgrounds by 2020.

The target to increase the bank’s representation of BAME senior managers will be included in the group’s ‘2018 Helping Britain Prosper Plan’, set to be published on 21 February, which will set out significant targets to help address some of the biggest social and economic issues facing Britain today.

Currently 8.3% of all staff and 5.6% of the bank’s senior managers are from a BAME background, compared to 12% of the UK workforce and 14% of the whole population.

The group adds it has already made progress in improving racial and cultural diversity through some of its initiatives, which include:

  • Career development programmes for BAME colleagues and leadership programmes for senior management
  • Increasing visibility of BAME role models as the group publishes an annual list of ethnicity role models and provides colleagues with opportunities to meet role models and hear their stories.
  • A staff network that aims to embrace the diversity of the group’s race, ethnic and cultural heritage and offers an allies programme to help build supporter engagement and advocacy among colleagues.

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