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 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 at the end of December 2019 reached 32% just short of our target of 33%. We extended our 33% target to end of 2020 to ensure we reached that number.
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 2019.
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.
We are delighted to be a member of OUTstanding, the professional network for LGBT+ executives and future leaders and their allies, as part of our commitment to diversity and creating an inclusive workplace for everyone.