5 July 2022
Principality Building Society joins over 800 organisations by signing the Race at Work Charter
Business in the Community (BITC) is pleased to announce that Principality Building Society has joined over 800 employers in signing up to the Race at Work Charter, an initiative designed for businesses to collectively commit to improving equal opportunities for Black, Asian, Mixed Race and ethnically diverse employees in the UK.
The Race at Work Charter builds on the findings from BITC’s 2021 Race at Work Survey, which found that while 76% of employers said that race recruitment and progression was a priority, only 46% had set targets to improve the racial diversity of their boards.
The survey also found that whilst 99 percent of employers have a zero-tolerance policy on racial harassment and bullying, Black, Asian, Mixed Race and ethnically diverse employees are twice as likely than White employees to have experienced or witnessed racist harassment from managers, customers, clients, and colleagues.
The Race at Work Charter calls on businesses to:
- Appoint an Executive Sponsor for race
- Capture data and publicising progress
- Ensure zero tolerance of harassment and bullying
- Make equality in the workplace the responsibility of all leaders and managers
- Take action that supports ethnic minority career progression
- Support race inclusion allies in the workplace
- Include Black, Asian, Mixed Race and other ethnically diverse-led enterprise owners in supply chains
Launched in 2018, the Race at Work Charter builds on the work of the 2017 McGregor-Smith Review, which found that people from Black, Asian, Mixed Race and ethnically diverse backgrounds are still underemployed, underpromoted and under-represented at senior levels.
Sandra Kerr CBE, Race Director at Business in the Community, said: “We would like to thank Principality Building Society for publicly committing to be an inclusive and responsible employer. By signing up to the charter, they are joining over 800 businesses who are working together so that the UK can have one of the most inclusive workplaces in the world. By taking collective action, we can break down workplace barriers, raise the aspirations and achievements of talented individuals regardless of their ethnicity and deliver an enormous boost to the long-term economic position of the UK.”
Julie Ann Haines, CEO at Principality Building Society, said: “We’re proud to be signing the Race at Work Charter. At Principality, we work to promote a culture in which individuals from all ethnicity groups feel valued and supported here, as well as celebrating the richness of different cultural heritages.”
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- A mutual building society, owned by and run for the benefit of our 500,000 members
- Over 160 years' experience
- Taking care of over £11 billion of our customers' assets
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