19 November 2013
For the second year in a row, Nationwide Building Society has been ranked in the top ten private sector organisations for gender and race equality – the only financial services provider to have For the second year in a row, Nationwide Building Society has been ranked in the top ten private sector organisations for gender and race equality – the only financial services provider to have secured such a high standing in both arenas.
The unranked lists, published by Opportunity Now and Race for Opportunity – the gender and race campaigns from Business in the Community (BITC) – also show how Britain's biggest building society was rated Platinum for its gender diversity work and Gold for race diversity, building on the double Gold it secured in 2012.
Results are published in Action and Achievement - a BITC report on the results of the UK's most comprehensive benchmarking survey into how organisations are performing on gender and race equality in the workplace. The survey analyses a number of key areas, including career progression, recruitment and senior management representation of women and ethnic minorities.
Tony Prestedge, Nationwide's chief operating officer and executive sponsor for gender diversity, said: "We're committed to creating a culture that is diverse and inclusive so we're delighted to receive this recognition from Opportunity Now. To be awarded Platinum status is the ultimate accolade, however there is no room for complacency. We will continue to improve gender equality across the organisation with specific focus on progressing female talent and increasing the number of women at senior levels – a concept that is fully backed at board level."
Graeme Hughes, Nationwide's group distribution director and executive sponsor for race equality, said: "Our culture is built around being diverse, supportive and inclusive, which is why our focus is on developing a workforce that is reflective of the communities in which we are based. We're committed to employing the right people regardless of background, and to be awarded Gold status is a fantastic achievement. We will continue to do all we can to maintain and build on this strong position."
Kathryn Nawrockyi, director of Opportunity Now, said: "Congratulations to Nationwide Building Society – being named as one of the top ten organisations on progression of women is an excellent achievement and they should be very proud. The work they have done highlights how all employers can take steps to improve gender equality in their workforce, and I hope that other organisations will learn from their example to help us achieve a true gender balance."
Sandra Kerr OBE, campaign director of Race for Opportunity, said: "In modern Britain, where one in four primary school children is from a Black, Asian or Minority Ethnic (BAME) background and one in eight of the workforce is BAME, it's unsustainable that just one in 16 business leaders is from an ethnic minority. Race for Opportunity aims to square the pyramid so there are role models to inspire this generation, and Nationwide Building Society is helping to do just that. I congratulate them for making a strong commitment to improve the ethnic diversity of their workforce and all the effort and hard work they've put in."
About Nationwide Building Society:
Nationwide is the world's largest building society as well as the second largest savings provider and a top-three provider of mortgages in the UK. It is also a major provider of current accounts, credit cards, ISAs and personal loans. Nationwide has around 15 million members. Customers can manage their finances in a branch, on the telephone, internet and post. The Society has around 15,000 employees. Nationwide's head office is in Swindon with administration centres based in Northampton, Bournemouth and Dunfermline. The Society also has a number of call centres across the UK.
About Business in the Community:
Business in the Community stands for responsible business. With a membership of over 850 companies, engagement in 10,700 organisations internationally and an employee reach of 14.7 million, Business in the Community is raising the benchmark for responsible business practice. It offers members practical support to help them transform their businesses and integrate responsible practices into their operations. And Business in the Community asks members to work in partnership to help transform communities and tackle serious social issues where business can make a real difference. Business in the Community is one of the Prince's Charities, a group of not-for-profit organisations of which The Prince of Wales is President. Please visit: www.bitc.org.uk.
Opportunity Now is the gender campaign from Business in the Community and Race for Opportunity is the race campaign from Business in the Community. For more information about Business in the Community's work on diversity and inclusion please visit: www.bitcdiversity.org.uk.
The Benchmarking Process:
The Benchmark Survey is formed of two parts: the Diversity Impacts Survey is a submission of workforce metrics covering women, men and BAME employers, and the Diversity Inputs Survey is a submission of supporting documentary evidence and statements. The Top 10s have been determined from those organisations that complete both the Impacts and Inputs surveys for a given protected characteristic. Organisations that benchmark simultaneously across both protected characteristics were eligible for inclusion in all relevant Top 10s. The process is led by Benchmarking Manager, Tom Legge, and all Benchmarking submissions were double reviewed by Business in the Community's team of diversity experts.