WOMEN IN FINANCE CHARTER.

BMW Financial Services (GB) have committed to having at least 45% of senior roles held by women by the end of 2024. 

When we signed up to the charter, we had just under 34% of women in senior roles and this grew significantly as we increased our focus on diversity and inclusion. By 2022 we had 47% of women in senior leadership positions. At the start of 2023 we bought two companies together, growing the size of the business by almost 50%. As a result, the structure of our business changed, resulting in a slight decrease in the number of women holding senior leadership roles. This figure now sits at 42%. We are committed to this journey, whilst ensuring we have the right people in the right roles. 

We believe that diversity is crucial to our ability to perform effectively and will ensure the long-term success of our Company. Diversity is the engine of our success, today and in the future, because a diverse workforce is an important force for innovation.  We are proud of the awards that we continue to achieve in this space, such as the special recognition award for Diversity at the 2023 Credit Awards.

We have a clear plan for 2024 and how we continue to drive diversity and specifically the progression of women in our business. This plan includes primarily, the voluntary collection of diversity information, allowing us to have a clearer understanding of the individuals who make up our workforce, leading to more strategic decision making.  There is an additional focus on establishing specific gender related reporting to further aid decisions and drive the business towards greater diversity, specifically in areas such as succession planning and talent development.  We will also undertake a comprehensive review of existing policies to enhance overall diversity and inclusion. 

Our Diversity and Inclusion leads continue to support individual managers and departments in making increased diversity a priority across our group of companies. Employee led network groups are well-established and used to raise awareness and drive change in communities such as the LGBTQ+, gender and mental health. These Network Groups are sponsored by members of our Executive Board and led by chairs, one of whom was recently recognised externally for their exceptional contribution to improving diversity in the workplace.