BAME & LGBT+ | TSB unveils targets that 'cover all aspects of diversity'

UK-based commercial bank TSB has confirmed new plans to drive diversity and inclusion within its business – a move it says has been taken to ‘better reflect the UK population’.

The announcement revealed that for the first time in its history, the bank is setting comprehensive goals for BAME, LGBT+, female and disability representation among its workforce to create what it calls a ‘truly inclusive workplace’.

To deliver these brand new targets, TSB is aiming to increase BAME representation from 11% to 14% by the year 2025, and representation from Black ethnic groups from 1.5% to three per cent over the same period.

In a year that saw no BAME leadership representation among the FTSE100 for the first time in six years, according to CNBC data, the bank’s senior leadership team will aim to increase BAME representation from seven per cent to ten per cent. TSB has also committed to increasing racial and ethnic participation in the Boardroom – signing up to the CBI Change the Race Ratio charter.