Diversity and inclusion
Diversity and inclusion has a greater profile than ever before. At RLAM, we want to be seen as responsible investors. This is more obvious through the way that we engage with companies we invest in. But responsibility applies to how we manage ourselves as well.
We recognise that as a leader in a major UK industry, we need to contribute to society in a wider sense, as well as investing assets for clients.
Being a diverse and inclusive company isn’t something we do to tick a box – we believe that a more diverse and inclusive workforce, working in an open and friendly environment leads to better results for our clients. Ultimately we need to make sure that we get the best people, with the right values, seeking the right outcomes, working for you.
An effective approach to diversity and inclusion is therefore a key element in our success as a business. We have a number of initiatives that we believe are supporting our efforts to be a fair, diverse and inclusive employer. Here are just a few examples:
- Women in Finance - We were among the first signatories in 2016 to the HM Treasury Women in Finance Charter. We have set ourselves a target of increasing our female senior management from 33% in 2016 to 40% by the end of 2020. We publish annual reports, which outline the progress we’re making towards meeting this target.
- Gender pay gap - Amending our family-friendly working policies and changing how we recruit has led to increased female representation at senior levels and should help reduce our gender pay gap. Click here to see our most recent report.
- Employers Network for Equality and Inclusion - We are members of the Employers Network for Equality and Inclusion and were awarded a Silver standard in 2019 and were Highly Commended in the Wellbeing category of the 2020 awards.
- Disability Confident - We signed up to the Disability Confident scheme in 2018 and became a Disability Confident Employer in 2019.
- The #100BLACKINTERNS initiative - we’re taking part along with many other asset management companies in the City, offering 100 internships to Black students across the UK to help kick start their careers in investment management.
- Internal networks - We’ve set up internal groups that help employees build networks, share insight on topical issues and provide practical support on overcoming barriers. We started this initiative with our Women’s Network, and the success and popularity of these has subsequently led to the creation of BAME (Black Asian and Minority Ethnic) and Pride Networks.
Initiatives like these are important, but only one component. We recognise that diversity and inclusion is the responsibility of everyone in our business, and we expect everyone to meet that responsibility, without exception.