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We are campaigning for change, starting by setting targets for greater racial and ethnic diversity at the Board, ExCo and ExCo minus one. This must be accompanied by our commitment to publish those targets and our progress towards them, and the creation of a culture that enables diversity to thrive.
The latest Parker Review report into ethnic diversity in UK Boards shows little progress has been made by businesses on implementing its recommendations: 37% of FTSE 100 and 69% of FTSE 250 companies surveyed still do not have any ethnic minority representation on their boards.
Diverse business leadership enhances business performance:
If we act now we can create a more diverse and inclusive business community, competitive advantage and a more equitable society.
Increase racial and ethnic diversity among Board members
Increase racial and ethnic diversity in senior leadership
Be transparent on targets and actions
Create an inclusive culture in which talent from all diversities can thrive
Commitment 01
Increase racial and ethnic diversity among Board members
Take action to set targets, based on the Parker Review findings, to achieve:
Commitment 02
Increase racial and ethnic diversity in senior leadership
Commitment 03
Be transparent on targets and actions
Commitment 04
Create an inclusive culture in which talent from all diversities can thrive
Focus on:
Lord Karan Bilimoria, CBE DL, CBI President
"The time has come for a concerted campaign on racial and ethnic participation in business leadership. Progress has been painfully slow. We want to do for racial and ethnic diversity what the 30% Club has done so successfully for gender equality".
Richard Houston, Senior Partner & Chief Executive, Deloitte UK
"The energy of the Black Lives Matter movement has given a fresh sense of urgency around racial diversity in business. Change the Race Ratio aims to grasp this moment to create real and lasting change."
Hugh Milward, General Manager, Corporate External & Legal Affairs, Microsoft UK
"We are on a journey to increasing diversity across Microsoft, and in particular at our most senior levels. But when more than a third of leading organisations still don't have any ethnic minority board representation, the pace of chance is too slow. Without commitment, there is no action and that's why Change the Race Ratio is so important to transforming the makeup of the UK's most influential businesses."
Sir Peter Gregson, Vice-Chancellor, Cranfield University
"Cranfield University's global reputation attracts students from all over the world. We are committed to reflecting this racial and ethnic diversity throughout the university, creating an inclusive culture where everyone can fulfil their potential. I'm delighted that Cranfield University is a founding member of this new initiative, which is hugely important to our university, and to the wider business community."
Neal Wolin, CEO, Brunswick Group
"True board diversity is an important demonstration of an organization’s commitment to equality and inclusion. People want to see businesses going beyond statements of support and take real action."
Poppy Jaman OBE, CEO, City Mental Health Alliance
"Businesses which sign up to the Change the Race Ratio Campaign will help to create a stronger sense of belonging for Black people and people from Ethnic Minority backgrounds. This sense of belonging is a key pillar for building a mentally healthy workplace, which provides psychological safety and supports people to flourish. It is both the right thing to do and it is good for business."
Sandra Kerr CBE, Race Director, Business in the Community
"We know that the conversations in the boardroom set the tone for the rest of the company and more diverse representation around those top tables is long overdue. The shocking events of 2020 have led to some great-sounding promises from business – serious steps like capturing ethnicity data, publishing their ethnicity pay gap and setting ethnicity targets for improvement for executive level within their organisations show that a company is thinking about more than just jam tomorrow."
James Roome, UK Country Manager, Russell Reynolds Associates
"True diversity, equity and inclusion is vital in improving business performance and in order to create genuine change it’s essential that DE&I is visible at the most senior levels. Leaders must embrace it as being fundamental to organisational culture and effectiveness. For Russell Reynolds Associates, DE&I has been growing in importance for some time and signing up to Change the Race Ratio is a natural progression for us. Our global offices have been opening up the conversation as a priority in recent months and we are committed to working with our employees and clients to ensure every voice is heard."
Hywel Ball, EY UK Chair
“Diversity and inclusion is fundamentally important to EY. We are working hard to create a culture where all our people belong, but we are clear there is more to do. That’s why, EY is proud to be a founding partner of Change The Race Ratio. As a peer group of business leaders, we have an opportunity to drive real change and progress together.”
Investors call for greater transparency on ethnic diversity on boards
Company boards ‘must have at least one BAME member’
L&G demands non-white board members at FTSE firms
“I was mistaken for a security guard at my first banking job”
Aviva, Deloitte and Microsoft to set new boardroom racial diversity targets
Legal & General warns FTSE 100 firms over lack of ethnic diversity
Businesses pledge to build a more diverse leadership
FTSE 100 businesses ‘must bring minorities on board’
Business backs CBI campaign to push for boardroom diversity
Race for change: CBI's first ethnic minority president spearheads new drive to make FTSE 350 boardrooms more diverse
FTSE 100 firms ‘should have one BAME board member by 2021’
UK’s largest business group calls for race targets in boardrooms
Top companies urge firms to set ‘clear and stretching’ racial diversity targets
UK’s largest business group calls for race targets in boardrooms
Lord Bilimoria’s campaign targets to include more BAME directors on boards of top UK companies
Campaign to increase racial, ethnic participation in business leadership launches this month
abrdn
AMS
Amino Technologies
Atos
Autotrader
Avanade
Aviva
Axa
BAE Systems
Birchwood Knight
Bolton Associates
bp
Britvic
British Water
Brunswick
Business in the Community
Cavendish Group
CBI
Centrica
City Mental Health Alliance
Clarity Search
CNG
Company Matters
Costain
Cranfield University
Deloitte
Diageo
Domestic & General
Dr. Martens
Dynamics Group
Egon Zehnder
EY
F1 Recruitment
Federated Hermes
Financial Service Compensation Scheme
FirstGroup
Grae Matta Foundation
Greater Manchester Chamber of Commerce
Green Park
GSK
Halma
Halsey Keetch
Heads Group
Hedley May
Heidrick & Struggles
Hogan Lovells
HSBC Global Asset Management
Intercontinental Hotels Group
ITV
JLL
Johnson Matthey
John White and Son
Keela
Korn Ferry
KPMG
Lygon Group
Mace Group
Metropolitan Thames Valley Housing
Microsoft UK
Miles Advisory
Moon Exec Search
MWM Consulting
National Grid Group PLC
Notting Hill Genesis
Odgers Berndtson
Paskpartnership
Paysafe
Pearson
Pennon
PWC
Radical Recruit
Reed Smith
Russell Reynolds
Sage
Sainsbury's
Sainty, Hird & Partners
Sam Allen & Associates
Sapphire Partners
Schroders
Shakespeare Martineau
Siemens
SocialBox
Spencer Stuart
Spirax Sarco Engineering
Stanton Chase
Textile Services Association
The REC
Thewlis Graham
The 30% Club
The Empathy Business
The Good Board
The Investment Association
Third Bridge
TSB
Unilever
University of Glasgow
US2U Consulting
Warren Partners
Wates Group
Wincanton
Become a signatory and commit to making a difference on diversity in your business.