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Promoting Diversity

 

Diversity and inclusion is critical to our future success. In today’s globalized business environment, diverse teams are proven to be more productive and better equipped to succeed. Diversity is about welcoming and valuing employees of every background.

 

We are committed to providing equal opportunities to everyone, regardless of gender, race, disability, ethnicity, sexual orientation, age or any other difference.

Our target

Our initial focus is to improve the gender diversity of our Company. We have committed to achieve 33% female representation on our Board and our senior-leadership (Executive Management Team and Direct Reports).

Our approach

In 2018, a further two female directors accepted their nomination to our Board. This brings representation of women on our Board to 25%, a welcome improvement compared to 10% in the previous year. Our EMT also shows progress. By the end of 2018, women accounted for 22% of senior management compared to 13% in 2017. However, once Direct Reports to the EMT are included, the proportion of women in leadership in 2018 was only 12%, showing that we have more work to do in this area too.

Share of women in leadership

 

Female

Male

Total Headcount

 

Headcount

%

Headcount

%

 

Executive Management Team („EMT“)

2

22%

7

78%

9

EMT Direct reports

5

10%

45

90%

50

Total

7

12%

52

88%

59

Our plans for 2019 and beyond

We aim to identify and address the main barriers faced by women in what is still a male-dominated industry and to launch new initiatives to address these issues. We are committed to recruiting, retaining and promoting more women into leadership positions. Following our listing on the London Stock Exchange in 2017, we adopted the Hampton-Alexander Review’s target of 33% women in senior leadership. Given our recent merger, we believe that we will achieve the 33% target by 2025.