Inclusion and diversity

We are committed to achieving a greater gender balance across our businesses and regions. Our goal is for our talent pool to reflect the full diversity of the communities we serve.

When we signed up to the Women in Finance Charter in 2017, we set these targets to reach by December 2020: 

• 40% women in our workforce 
• 30% women in senior management roles 
• 30% women on the FHL Board 

In November 2019, a year earlier than planned, Fidelity reached all these goals.

We have therefore set new targets for gender diversity to reach by December 2023:

• 45% women in our workforce 
• 35% women in senior management roles 
• 40% women on the FHL Board 

A note on the numbers: These numbers represent all employees in our global workforce. Senior management roles are those employees who are at Director level and above.

We are pleased to have achieved our original Women in Finance Charter targets and are committed to continue to improve in this area. When we signed up to the Charter in 2017, we had the following female representation:

• 36.2% women in our workforce 
• 25.7% women in senior management 

As of August 2020, we have made progress on all these areas and have now reached the following female representation: 

• 42.4% women in our workforce 
• 31.4% women in senior management 
• 37.5% women on the FHL Board

The representation of women in senior management has increased by 5.7 percentage points since 2017.

We are on track to achieve our newly established targets of 45% women in our workforce, 35% women in senior management and 40% women on the FHL Board by December 2023.

Fidelity has a firmwide Gender Balance strand led by two Executive Sponsors, which sets the focus areas for our efforts to achieve greater gender balance across our businesses and regions.

The actions we have taken in the past year to drive this progress include:

• Introducing our Enhanced Parental Leave Policy to enable fathers/secondary carers to take the same amount of paid leave as mothers/primary carers globally, so that all our people can spend time caring for their families and thrive in their careers 
• Building a more gender-balanced and diverse talent pipeline through focusing on identifying and nurturing talent, and by refining our hiring and mobility practices 
• Supporting our people to manage their personal wellbeing needs and work-life balance during the COVID-19 crisis 
• Empowering employee resource groups such as the Women in Technology network to showcase female role models, offer peer support, provide development opportunities and amplify the voice of women across the business 
• Working with strategic partners on initiatives to encourage more women to access careers in investment management, such as returners and early careers programmes

We are determined to continue to improve the gender balance across all Fidelity businesses and regions, so we can build better futures for our clients and employees.

We have set three firmwide priorities for our Diversity & Inclusion Strategy, which will enable us to make further progress on our Women in Finance Charter targets and on broader gender equality:

• To continue to build a culture of inclusivity where everyone’s voice is heard and they feel like they belong, where we work in new ways, where policy reflects our values and where we seek global views and include everyone
• To enhance our presence and reputation with clients, prospective employees and the external industry as being an inclusive company where everyone can thrive
• To continue to increase the diversity of our people at all levels of our organisation 

Fidelity’s diversity & inclusion efforts have the highest level of executive support and sponsorship. The responsible executive to HM Treasury Women in Finance Charter is Pete Horrell, Chief Executive, Fidelity Holdings (UK) Ltd.

Pete also chairs the Global Diversity & Inclusion Leadership Council which shapes our Diversity & Inclusion Strategy and holds the company to account for progress against our goals and targets. It is made up of senior executives who represent all Fidelity businesses and regions, and who share a passion for strengthening diversity and inclusion.