Rating Banks Based on Diversity and Inclusion

The transcript discusses the role of diversity ratings in financial institutions, focusing on Lloyds' commitment to increasing black representation in senior management by 2025. It highlights the challenges of collecting racial data in different countries and the voluntary nature of such disclosures. The Bank of England's regulatory targets for diversity are also mentioned. Other banks, like HSBC, are initiating similar diversity plans. The importance of diversity in assessing ESG risks is emphasized.

What is the target percentage for black staff representation in senior management at Lloyds by 2025?

• 10%

• 7%

• 5%

• 3%

Which bank has been publishing an ethnicity gap report in terms of pay and staff composition?

• Lloyds

• Barclays

• HSBC

• Bank of England

What percentage of the Bank of England's entire staff was targeted to be from ethnic minorities by 2020?

• 15%

• 25%

• 20%

• 10%

Which bank recently announced a plan to double its black staff by 2025?

• Bank of England

• Barclays

• Lloyds

• HSBC

How does diversity and inclusion factor into the assessment of ESG risks?

• It is not considered at all.

• It is a minor consideration.

• It is a part of the social aspect of ESG risk assessment.

• It is the only factor considered.