Our goal is to have at least 30% women in our top three leadership layers (c.4,000 roles) in each of our businesses by the end of 2020 and achieve a full gender balance across the bank by 2030.
- As at 31 December 2019, 10 of our 12 business areas have 30% or more women in their top three leadership layers.
- Our global aggregate CEO-3+ (target) position is 35% (*), a 6% uplift since targets were introduced.
- Our top c. 4,000 roles are 44% women, representing a 12% uplift since we started work on the agenda.
- At a wider bank level, we are gender balanced.
- The boards of The Royal Bank of Scotland Group plc and NatWest Holdings Limited meet consecutively and share a largely common membership. When considered together, the director population across both boards currently meets the Parker target and exceeds the Hampton-Alexander target with a female representation of 44%. For more information please refer to the Boardroom Inclusion Statement.
- We’ve appointed a female Chief Executive Officer, Chief Financial Officer, Chief Risk Officer (NatWest Holdings), and CEO Ulster Bank (Republic of Ireland) in 2019.
- For the third year, we are publishing details of our gender pay gap. The mean gender pay gap for NatWest Bank Plc is 30.4% (median: 34.1%) and the mean bonus pay gap is 49.9% (median: 53.8%).
- It's important to remember that a gender pay gap is the difference between the earnings of all men compared to the earnings of all women, expressed as a percentage. It’s not to be confused with equal pay, which looks at whether men and women are paid the same for the same work. We’re confident that we pay our employees fairly and we keep our HR policies and processes under regular review to ensure we do so.
- We’re improving the proportion of women in senior roles – but we’ve more to do. Our positive action approach, which we benchmark externally, is helping to ensure that our people policies and processes are inclusive and accessible – from how we attract and recruit, to how we reward and engage colleagues. We’re confident this approach is the right one and through time, it will help us achieve a better balance of diversity throughout the organisation.
- We are active contributors to thought leadership externally – for example, HMT’s Women in Finance Charter and McKinsey. We are a Times Top 50 Employer for Women and rated in the top organisations in Bloomberg’s Global Gender Equality Index. We also have an investor, Pax Ellevate, on the basis of our gender performance.
- We’ve >600 Women in Business (WIB) specialists among our frontline bankers, accredited by the Chartered Banker Institute and certified by Everywoman, who offer bespoke mentoring, networking and professional business advice to women-led and owned SMEs.
- Following publication in March 2019, the Rose Review has made real progress in implementing the 8 initiatives recommended. Working closely with HM Treasury, the Department for Business, Energy and Industrial Strategy, and numerous public and private sector organisations, the initiatives have started to make a tangible impact in breaking down the barriers to female entrepreneurship in the UK. A report will be published in March 2020 which updates the public on the progress that has been made on all 8 initiatives.
- Our RBS Women Network has c.9,000 members and we have c.3,000 male allies.
Gender pay gap reporting
Details on gender pay within the bank