Lloyds promises drive to hire more Black managers

One of the UK’s biggest banks has promised that at least 3% of its managers will be Black by the middle of the decade.

Lloyds said it plans to increase the number of Black people in senior management roles by around 400%, as it said that a focus on Black, Asian and Minority Ethnic (BAME) targets had not led to enough progress.

As of 2011, a census found that just over 3% of the UK’s population were Black, but Black people only make up around 1.5% of Lloyds’ total workforce and 0.6% of senior management.

“We aim to create a fully inclusive environment that is representative of modern-day Britain and where everyone can reach their potential,” said chief executive Antonio Horta-Osorio.

“Getting this right is at the heart of our purpose to Help Britain Prosper. A more inclusive society is a more prosperous society, and a diverse business is a better business.”

Read on...

The target of filling 3% of senior roles with Black people by 2025 comes alongside other promises, including a report into pay gaps between different ethnicities at the bank.

The pay gap report will be published later this year.

The lender’s decision comes after worldwide protests about the treatment of Black people, especially in the US and Europe.

The protests were sparked by the death of George Floyd – a Black man who died in Minneapolis after a US police officer knelt on his neck for several minutes.

Though sparked by Floyd’s death, the protests have included a much wider remit against police violence and systemic racism.

Horta-Osorio said: “It is clear that achieving an inclusive environment for everyone is our priority, but right now we have very specific challenges that we have to address urgently for our Black colleagues.

“Feedback has provided a clear way forward and, as a start, we have established an immediate action plan which focuses on culture, recruitment and progression.

“This is just the beginning. The commitments we are making will not fix the issues overnight, and targets and measures will only take us so far, but we have to challenge ourselves to do better and I am fully committed that we will do so.”

We need your help to keep speaking the truth

Every story that you have come to us with; each injustice you have asked us to investigate; every campaign we have fought; each of your unheard voices we amplified; we do this for you. We are making a difference on your behalf.

Our fight is your fight. You’ve supported our collective struggle every time you gave us a like; and every time you shared our work across social media. Now we need you to support us with a monthly donation.

We have published nearly 2,000 articles and over 50 films in 2021. And we want to do this and more in 2022 but we don’t have enough money to go on at this pace. So, if you value our work and want us to continue then please join us and be part of The Canary family.

In return, you get:

* Advert free reading experience
* Quarterly group video call with the Editor-in-Chief
* Behind the scenes monthly e-newsletter
* 20% discount in our shop

Almost all of our spending goes to the people who make The Canary’s content. So your contribution directly supports our writers and enables us to continue to do what we do: speaking truth, powered by you. We have weathered many attempts to shut us down and silence our vital opposition to an increasingly fascist government and right-wing mainstream media.

With your help we can continue:

* Holding political and state power to account
* Advocating for the people the system marginalises
* Being a media outlet that upholds the highest standards
* Campaigning on the issues others won’t
* Putting your lives central to everything we do

We are a drop of truth in an ocean of deceit. But we can’t do this without your support. So please, can you help us continue the fight?

The Canary Support us