Our commitment to gender diversity
At Capital One UK we're proudly committed to advancing a diverse and inclusive culture, where every voice is heard and matters. We believe that everyone has a unique point of view to share, and that only by harnessing the power of our collective wisdom can we truly create the best experiences for our associates and customers.
We're always pushing for greater gender diversity at every level of the business. It's at the core of what we do, which is why we signed the HM Treasury Women in Finance Charter.
The Charter is designed to improve gender diversity in businesses across the financial sector. By signing it we commit to:
- Achieving a 50:50 gender balance (within a 10% tolerance) in our senior management team by December 2025
- Continually reviewing our employment and talent processes to keep diversity and inclusion at their heart
- Ensure senior leadership awareness and accountability for gender diversity
As of March 2020, we have a 37:63 (female:male) gender balance in our senior management team, putting female representation in this group at 37%.
We are continuing to invest in improving the gender diversity of our talent pipeline, specifically for roles where women have historically been underrepresented, in areas such as Analytics and Technology and have developed our data collection and insight gathering to better identify areas for improvement.
This year we have also focused on our associates and their families, keeping them safe and well during these testing times. Our Business Resource Groups have played a key role in ensuring that women at Capital One have been able to access the resources and support they have needed to continue to be successful in developing their careers.
We have recently refreshed our diversity, inclusion and belonging strategy and are renewing our focus on gender parity with some realigned action plans. This has included us extending our target date to 2025 and we are working hard to meet this new goal in spite of the challenges this year has brought.
These plans include:
- Developing our approach to Inclusive Recruitment best practice
- Identifying opportunities to prioritise investing in hiring and internal mobility of women
- Adopting talent and development strategies that bridge the senior leadership gender gap
- Improving the transparency of our data to inform strategy
- Engaging with senior leaders to amplify organisational accountability for gender diversity
- Leveraging allies to elevate our commitments for women and women in ethnic minorities
Gender Pay Gap Reporting
In line with our obligations under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, Capital One UK is required to publish information regarding our gender pay gap.
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Corporate Governance Reporting
The following is an extract from Capital One UK's 2020 statutory accounts, in line with our obligations under the Companies (Miscellaneous Reporting) Regulations 2018.