Women in finance

Increasing senior female representation at Nationwide

Diversity matters at Nationwide. We want our workplace to reflect the diverse communities and cultures our 15 million members come from. Which is why gender, together with disability and ethnicity, is one of the key focuses of our Equality, Diversity & Inclusion Strategy for 2016-2020.

Targets

Women currently represent 63% of the workforce at Nationwide however, we know this reduces at more senior levels.

We are committed to increasing the number of women in our senior leadership population and we have put a programme in place to help us achieve this.

Along with our wider Equality, Diversity and Inclusion (ED&I) Strategy (2016 -2020), we have also set targets for female representation at all senior management levels.  We aim to reach these targets by 31 December 2020 and will be checking our progress regularly to make sure we're on track. 

Our progress will be monitored and reported to our ED&I Action Group (reporting to our Executive and Nominations Governance Committee) bi-annually and to our Board annually. 

As at August 2017, based on our annual target set for end of December 2017 – we are: 

  • Well above target for female representation in our whole ‘Director’ (now known as ‘Leader’) population (and already above our December 2020 target)

  • Well above target for female representation in our Level 5 (Exco minus 1 equivalent) population (and already above our December 2020 target)

  • Somewhat below target for female representation in our Level 4 (Exco minus 2 equivalent), though we have moved forward three percentage points over the last 12 months 

  • Somewhat below target for female representation in our Level 3SE (Exco minus 3 equivalent), though we have moved forward one percentage point over the last 12 months 

  • On target for female representation in our Level 3 (Exco minus 4 equivalent) population
The chart shows society wide targets for executives and senior managers
Society gender targets and progress (August 2017) Gender (female)
Target 2020 Current Actual - Aug 2017
Board 33% total population 38%
Executive Committee 38%
Total 38%
  Target End 2017 Target End 2020  
Level 5
(or Exco minus 1)
27% 33% 38%
Level 4
(or Exco minus 1 or 2)
24% 35% 22%
Level 3 SE
(or Exco minus 2 or 3)
32% 35% 30%
Level 3 (senior manager)
(or Exco minus 3 or 4)
37% 40% 37%

(Nb. All figures rounded up or down). (Source: Nationwide August 2017 HR People Metrics)

Senior level support

A member of our Executive Committee: Alison Robb is Nationwide's executive sponsor for gender.

Women in Finance Charter HM Treasury Mark

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