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Diversity, Equity and Inclusion

Building an inclusive workforce

Diversity, Equity and Inclusion

An inclusive workforce

We have built diverse teams of individuals who work together to bring more insightful perspectives for our clients. In a fast moving, data-driven world we have the ingenuity and intuition to capture insights and identify the trends that will shape the prosperity of individuals, businesses and future generations.

Talented people who can understand and embrace different perspectives are crucial to our continued business success. This means attracting, retaining and developing employees regardless of age, gender, ethnicity, sexual orientation, disability, religious beliefs or other characteristics. It also means creating an environment where people can be themselves and express their ideas freely – which we believe benefits both us and our clients.

Diversity of thought is critical to success in modern business. At Schroders we are going a step beyond simply saying that it is important.

Peter Harrison

Group Chief Executive

Our Diversity, Equity and Inclusion action plan

What we’ve achieved

We are proud of our efforts in creating a more inclusive workforce, driving change in a number of different ways:

Creating our network of 13 Employee Resource Groups which focus on inclusion.
Reviewing maternity, paternity, family and flexible working policies including the introduction of our Trans Inclusion policy in 2018, the roll out of informal flexible working in 2019, and official flexible working charter in 2020.
Rolling out digital learning opportunities to all employees – including unconscious bias training and a mandatory inclusion module.
Measuring our progress wherever possible – including collecting diversity profile data, tracking participation during our early careers assessment centers and holding our Group Management Committee members accountable for improving gender representation at senior level.
Introducing new processes and experiences throughout our employee lifecycle – including a digital assessment tool for early careers applications, a future leadership program, and inclusive mentoring schemes. As well as ensuring we take a diversity lens to our compensation review process.
As a global firm, we support and develop our female employees by participating in the INSEAD / Unilever Senior Women’s Leadership program and the Financial Times Women’s Forum in both the UK and Hong Kong.

Looking forward

There is always more work to do in building a truly inclusive workforce. We are continuing to work with under-represented groups, in particular ethnic minorities with disabilities, to listen to their experiences and design solutions which drive higher representation and break down access barriers through internships and internal mentoring program.

We recognize that each individual needs to be able to balance their role at Schroders with their personal lives. To support this, we continue to build out flexible working policies globally so employees feel supported and included. We are committed to providing equal employment opportunities and combating discrimination.

Where possible, we will continue to monitor the age, gender, ethnicity, sexual orientation, disability, religious beliefs and other characteristics of our workforce and job applicants. As well as focusing on the wellbeing of our employees. This allows us to concentrate on the most impactful ways to improve their experiences and will enable us to publish other data alongside our gender pay gap in the future.

As CEO, I know how important it is to have differing perspectives in a room and to understand your colleague’s experiences and backgrounds.

Marc Brookman

Chief Executive Officer, North America

Employee-led inclusion

Our 13 active Employee Resource Groups across the business include gender equality, sexual orientation, disability, mental health, religion and ethnicity groups. They are key to our identity as an inclusive place to work. Members run events to celebrate what’s important to them and work together to raise awareness around challenges that underrepresented groups might face.

Diversity, Equity and Inclusion is also led in the business both via functional groups and in-country employee-led Diversity, Equity & Inclusion Councils around the world, including North America, Singapore, Hong Kong, Japan, and Australia.

Our employees at a glance

Find out more about gender equality at Schroders and read our Gender Pay Gap Report 2020

Find out more

Bloomberg’s Gender Equality Index 2021

Coalition to Address Economic and Racial Disparities

Value 500 Initiative

Key memberships and partnerships

In May 2016, Schroders signed up to the Women in Finance Charter, a pledge for gender balance across financial services. The charter sets out to build a more gender-balanced and fair sector. Signatories pledge to commit to progressing women into senior roles, setting a strategy with measurable targets and reporting publicly on their progress.

We are committed to striving for gender equality across our business. We have achieved our latest Women in Finance Charter target of 33% female representation in senior management, up from 25% at the end of 2015. We continue to push for progress and have now set a new target of 35% by the end of 2023.

We see transparency around gender pay as integral to having more meaningful conversations around equality.

Find out more about gender equality at Schroders and read our Gender Pay Gap Report 2020.

We are proud to support The Diversity Project and our Group Chief Executive is a member of its CEO Advisory Council. This is a group of leaders in the investment and savings profession that decided to take action to accelerate progress towards an inclusive culture within our industry.

Out Leadership is an organization that focuses on LGBTQ+ equality through leadership summits, talent accelerators and strategic insights. Out Leadership have assisted Schroders in reviewing our standard corporate benefit policies to ensure they are inclusive and meet the needs of our diverse workforce.

We are Stonewall Diversity Champions. This is the leading employers' program for ensuring all LGBT+ employees are accepted without exception in the workplace.

We are a member of the Business Disability Forum to help address the barriers faced by disabled employees.

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Retail Investors

Retirement Services

Mutual fund investment

Private Investor

Real Estate

Asset management

Wealth management

Schroders in the US

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Diversity, Equity and Inclusion

Building an inclusive workforce