04 February 2021
Change the Race Ratio, a campaign to increase racial and ethnic participation in British businesses expands further with 22 more companies having become signatories since the campaign launched on 1 October 2020.
Businesses who have signed up across all sectors will be able to collaborate with the 15 Founder Partners of the campaign, as well as each other to ensure that they are making the best possible progress towards achieving the campaign’s commitments.
New signatories include: Amino Technologies, Hogan Lovells, Avanade, Johnson Matthey, British Water, National Grid, Clarity Search, Notting Hill Genesis, Company Matters, Radical Recruit, Dynamics Group, Reed Smith, Federated Hermes, Sainty, Hird & Partners, Grae Matta Foundation, The Good Board, Halsey Keetch, TSB, Heads Group, Us2U Consulting and Hedley May.
As signatories to the campaign, companies make the following four Commitments to Change:
- Increase racial and ethnic diversity among Board members. Take action to set targets to achieve:
- FTSE 100 – At least one racially and ethnically diverse Board member by end 2021
- FTSE 250 – At least one racially and ethnically diverse Board member by 2024.
- Increase racial and ethnic diversity in senior leadership
- Take action at ExCo and ExCo minus one to set clear and stretching targets and publish them within 12 months of making this commitment.
- In addition, establish a separate target for black participation at both levels.
- Be transparent on actions
- Publish a clear action plan to achieve the targets and share progress in the Annual Report or on the company website.
- In addition, disclose ethnicity pay gaps by 2022, at the latest.
- Create an inclusive culture in which talent from all diversities can thrive
- Focusing on recruitment and talent development processes to drive a more diverse pipeline; data collection and analysis; fostering safe, open and transparent dialogue, with mentoring, support and sponsorship; and working with a more diverse set of suppliers and partners, including minority owned businesses.
Are you a business interested in finding out more or wanting to become a signatory? Check out the Change the Race Ratio website.