In 2018 we introduced a formal UK target to improve the representation of Black, Asian and Minority Ethnic colleagues in our top four UK leadership levels to at least 14% (in line with the working age UK Black, Asian and Minority Ethnic population identified by the Office for National Statistics) by 2025.
In addition to this, as Black colleagues are under-represented in senior roles across the UK, we introduced a new goal in 2020 to have 3% Black colleagues in our UK senior roles by 2025.
- Of the 83% of colleagues who disclose their ethnicity in the UK, 16% report as Black Asian and Minority Ethnic, which is slightly higher than the UK’s Black, Asian and Minority Ethnic working age population (14%).
- As at the 31 December 2020 we have on aggregate 10% Black, Asian and Minority Ethnic colleagues in our top four leadership levels in the UK (CEO-4+), representing a 2% increase since targets were introduced. We currently have c.1% of colleagues who identify as Black in our UK senior roles.
- We’re improving the proportion of Black, Asian and Minority Ethnic colleagues in UK senior roles – but we’ve more to do. Our positive action approach (PDF 115KB), 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 remain committed to the UK Government’s Race at Work Charter by annually reporting our progress.
- Externally, we were confirmed as a Top Ten Outstanding Employer in the 2020 Investing in Ethnicity Top 100+ list.
- Our Multicultural Network, which represents race, ethnicity, faith and cultural groups has c.2,700 members.
- In line with our commitment to transparency under the UK Government's Race at Work Charter and in anticipation of a requirement to disclose our ethnicity pay gap, we have voluntarily disclosed our ethnicity pay gap for NatWest Group combined UK & Ireland. The mean ethnicity pay gap for NatWest Group is 9.4% (median: 14.1%). The mean ethnicity bonus gap for NatWest Group is 24.1% (median: 2.5%).
Ethnicity pay gap reporting
Details on ethnicity pay within the bank:
For 2020 (PDF 68KB)
Banking on Racial Equality: A Positive Roadmap for Change
In June 2020 our CEO established a Racial Equality Taskforce led by the co-chairs of our Multicultural Employee Led Network, to help us listen, learn and better understand the issues faced by Black, Asian and Minority Ethnic colleagues, customers and communities.
The Taskforce brought together partners, colleagues and leaders from across the Group, challenging them to expand, enhance or accelerate existing projects and initiatives designed to reduce inequalities. In October the Taskforce published a report setting out ten commitments, and the actions required to meet those commitments, to make a meaningful difference in tackling inequalities.
Full details of the approach, findings and actions can be found in our report: Banking on Racial Equality: A Positive Roadmap for Change (PDF 3MB)