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.

Why is increasing diversity considered credit positive by the speaker?

What challenges do companies in Germany face regarding the collection of racial data?