Sturgeon Ventures is delighted to have been approved, once again, for the Women in Finance Charter. Sturgeon have been signed up to this initiative since July 2016.
Following the findings of the 2015 review into the representation of women in senior management within financial services, published in March 2016, which found that women made up only 14% of Executive Committees, the Women In Finance Charter was launched.
The Women in Finance Charter asks financial firms to commit to four industry actions to build the female talent pipeline for leadership positions. The Charter’s innovative approach has been an unprecedented success with some of the UK’s biggest and most well-established firms signing up.
Since the Charter launched, over 85% of the signatories that have set their Charter targets have committed to have at least 30% women in senior roles by 2021. Over 25% of the firms that have set their Charter targets have committed to a 50/50 gender split in senior roles by 2021.
In July 2018, HM Treasury announced that a further 68 firms have signed the Women in Finance Charter, taking the total number to 273 firms across the financial services sector and covering over 760,000 UK financial services employees.
The first Annual Review into the Women in Finance Charter was also published in March 2018. This Review found that more than three-quarters (78%) of the first group of signatories either increased or maintained the proportion of women in senior management in the reporting period.
To read more on the Women in Finance Charter and to view all the signatories, please see the pdf’s linked below:
Sturgeon’s commitment to equality and diversity is an active one and we have signed the Women in Finance charter. By signing the charter, Sturgeon Ventures LLP have committed to implement four recommendations to improve gender diversity in financial services. The charter asks financial firms to support the progression of women into senior roles, set internal and externally reportable targets to improve diversity in the workforce, and publicly report on these goals.
The Sturgeon team is proud to advise that in 2018 the team is made up of 56% woman, many of whom are working mothers and the Senior Management team is 50% women. We strive to continue to encourage the development of women in Finance and to maintain our 50% target for women in Senior Management.