Holding the industry accountable

Bias still exists when it comes to equal pay for women and ethnic groups but data and leadership buy in must improve

Creating and maintaining an equitable workplace and industry that allows everyone to thrive shouldn’t be a pipe dream; it’s a business decision. But at present, we’re not even close.

That’s why it is disappointing we will see further delays to enforcement on gender pay gap reporting in 2021, after almost two-thirds of investment managers chose not to disclose in 2020.

Mandatory ethnicity pay gap reporting will eventually be put to government debate – but only after a sustained campaign by numerous groups.

We can all agree that to solve problems and measure progress towards goals, we need good data, good reporting and accountability. This is true for diversity as much as anything else. We can also see that when we agree common goals and focus, we can measure our rate of change.

Read the full comment in the March issue of ESG Clarity‘s digital magazine.

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Natasha Turner

Natasha is global deputy editor at ESG Clarity, part of the Bonhill Group, and has been a financial journalist for six years. She has been shortlisted for Story of the Year and Investment Journalist of...