"Signing the Charter is important as it demonstrates our commitment to gender balance at all levels of our business. "
As part of Ipswich Building Society’s commitment to diversity and inclusion, it has launched a set of internal gender balance targets which will help drive greater gender diversity across all levels within the company.
The Society aims to see 30% women representation on its executive and non-executive board by 2023. The Society is currently at 22% for the whole Board and 33% for female representation of non-executive directors.
It also aims to maintain a minimum of 30% female representation on the senior management team, which currently stands at 45% and will annually review employee salaries to ensure that there are no equality issues relating to gender.
Finally, a Society succession plan and talent pipeline audit to ensure it is gender balanced and a review of the existing workforce’s development plans to ensure the Society’s succession plan promotes the development of women.
Richard Norrington, CEO at Ipswich Building Society, said: “We are proud to sign the Women in Finance Charter, an important initiative which is helping to drive positive change in the financial services industry.
"As a mutual we operate a responsible business model where diversity is a key focus, and signing the Charter is important as it demonstrates our commitment to gender balance at all levels of our business.
"We’re pleased to have set internal gender balanced targets, which will help guide us as we continue to actively pursue a balanced, inclusive and fair industry.”
