The NatWest Group have committed to champion the breaking down of barriers that exist in the banking world for people from Black, Asian and ethnic minority backgrounds.
They established a task force in June designed to consider the actions necessary to tackle these inequalities. After a very in-depth review, they have launched a set of commitments with the aim of making a positive change and have produced a report on the issue.
The report: ‘Banking on Racial Equality: A Roadmap for Positive Change’, outlines the NatWest Group’s commitments, the full report can be read here: https://www.natwestgroup.com/content/dam/natwestgroup_com/natwestgroup/pdf/banking-on-racial-equality-report.pdf
However, a key commitment is the introduction of a new target to have 3% of Black colleagues in senior UK roles by 2025. This has been implemented as they have a high under-representation of Black colleagues in senior roles than people from other minority groups.
NatWest has also, over the last 5-years, made significant leaps to remove some of the barriers felt by people from Black, Asian and ethnic minority backgrounds. They have targets to increase the representation of these groups across their workforce and have introduced specific social mobility schemes, the first of its kind in the banking world.