The UK’s largest financial services firms are leading Europe in taking proactive steps to increase female representation and enhance their sustainability expertise at boardroom level – both priority areas for investors – according to the EY European Financial Services Boardroom Monitor, which charts the profile, experience, training and skillsets of board directors in the MSCI European Financials Index.
Forty-four per cent of investors state that gender diversity in the boardroom significantly influences their decision to invest in a financial services company, compared to just 16% who say it does not influence their decision at all.
EY Boardroom Monitor data shows that UK financial services firms are responding to investor expectations and are leading European peers across a range of gender diversity metrics. Fifty-eight per cent of UK financial services board appointments over the last year were female, relative to 50% across European firms, evidencing the UK’s accelerated drive for a more equal gender balance behind the most recent board appointees. Over the past two years, 56% of board appointees at UK financial services firms were female and 44% were male, versus 46% female and 54% male across Europe.
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