Our ambition is for our workforce to represent the diversity of the communities in which we operate globally, and that our people feel that they truly belong at Schroders.
feel they are treated with fairness and respect
feel that Schroders recognises and values diversity among its employees
female representation in senior management target met
*May 2021 employee survey results
Our commitment to creating a truly inclusive culture at Schroders is at the centre of our people strategy and is led by our Group Chief Executive, along with sponsorship from our senior leadership team, the GMC.
Talented people who can understand and embrace different perspectives are crucial to innovating and problem solving, and therefore delivering for our clients. This means attracting, retaining and developing employees regardless of age, gender, ethnicity, sexual orientation, disability, religious beliefs or socio-economic backgrounds. It also means creating an environment where people can be themselves.
Hear from our people about how we are continuing to create a more inclusive workplace:
Diversity of thought is critical to success in modern business. At Schroders we are going a step beyond simply saying that it is important.
Creating an inclusive environment is everyone’s responsibility, and our goal is to shift the focus from unconscious exclusion to conscious inclusion. In fostering a culture inclusive of diverse talent, we focus on every stage of the employee lifecycle.
Broaden our talent pool outreach and provide equal employment opportunities through inclusive recruitment
Build awareness, create allyship and treat everyone equally for career development and progression opportunities
Implement policies that reflect the needs of our diverse workforce and monitor employee engagement and attrition
What we’ve achieved
There is always more work to do in building a truly inclusive workforce. In broadening our efforts, we draw on what we have already learnt and apply them to social mobility, disability, sexual orientation and mental health. These areas often overlap, and so intersectionality has become an important part of our approach. By focusing on social mobility, for example, we can improve outcomes for ethnicity and gender too.
We firmly believe that the need to address representation in the workforce is a challenge faced by our whole industry, and is not just an organisational one. So we engage with companies on employee and board diversity issues and participate in initiatives to position investment management as an attractive industry for diverse talent.
Where possible, we will continue to monitor the age, gender, ethnicity, sexual orientation, disability, religious beliefs and socio-economic background 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.
Our 13 Employee Resource Groups 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.
Inclusion and Diversity is also led in the business both via functional groups and in-country employee-led Inclusion & Diversity Councils around the world.
Schroders signed up to the Women in Finance Charter in May 2016, a pledge for gender balance across financial services. 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 originally set a target of 30% female representation in senior management roles by the end of 2019, up from 25% at the end of 2015. In line with our longer-term plans, we achieved our initial target of 30% females within senior management positions during the first quarter of 2017 and in March 2020 reached 33% female representation. We have set a new goal to reach 35% female representation at senior management level by 2023.
We see transparency around gender pay gap as integral to having meaningful conversations around equality. We are also committed to publishing our ethnicity pay gap once we reach 80% completion of our ethnicity profiles.
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.