Barclays DEI 2023 Report
Barclays DEI 2023 Report
17
manage their wellbeing
– Making Barclays an accessible 15
organisation
Data Transparency
Leadership Accountability 16 and Accountability
Data Transparency 17
and Accountability
Optimising External Relationships 18
Looking ahead 21
– 2024 plans and aspirations 21
Our Data 22
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Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Introduction
Continuing to build
Barclays has set out a plan to become simpler, We remain committed to attracting and retaining
better and more balanced, and at the heart of top talent at Barclays. Our 12 Employee
achieving this is our workforce of over 90,000 Resource Groups (ERGs) provide space for our
a diverse, equitable
people. We must continue to build a diverse, colleagues to enable inclusion and
equitable and inclusive culture where every one celebrate diversity.
of them can reach their potential. This is closely We have continued to uplift communities by
connected to our Purpose: working together for promoting equity through sport. One example is
Workforce In 2023, we focused on three areas: Developing our middle-level talent to improve Providing further opportunities
Attracting talent from diverse backgrounds diversity at a senior level: for our senior leaders:
Diversity to build a sustainable talent pipeline: • Our Launchpad programme was delivered for • Our Enterprise Leaders Summits were
We continued to build a diverse and inclusive • Discovery Diversity programme – in the UK, four global cohorts of almost 1,000 colleagues launched in 2016, bringing together a group of
workforce to broaden our talent pipeline and Americas and APAC, including India, this two- in 2023. Launchpad aims to empower diverse Managing Directors on a rotational basis to
provide equal opportunities for development day programme for first-year undergraduate colleagues and drive equity through equipping interact with our Group Executive Committee
at all levels. students showcases career paths, with a focus them with the skills they need to navigate and through a series of sessions focusing on the
on underrepresented groups. Following the fulfil their development and career goals. development of enterprise mindsets. In
Our Ambitions: • Our four-month Aspire programme is 2023,172 Managing Directors attended
2023 programme, we extended over 200
• At the end of 2023, we achieved our all- offers for roles across a variety of business designed to provide opportunities for high- events – of which 38% were female.
colleague Race and Ethnicity Ambitions two areas including Banking, Technology and potential colleagues to reflect upon their • We continue to open ‘ex-officio’ positions on
years early – with 5.1% and 21% of colleagues Operations. leadership skills and share insights back with our Group Executive Committee and at a
from underrepresented races and ethnicities their teams. In 2023, 223 women engaged in business unit and functions level – this is an
• During 2023, we strengthened our
in the UK and US respectively. workshops and executive coaching. opportunity for Barclays senior leaders to join
relationships with Historically Black Colleges
• To hold ourselves accountable at a senior level and Universities (HBCUs) and Hispanic- • Barclays’ Military Talent Scheme (MTS) in the Group Executive Committee meetings and
we set a new ambition to increase the number Serving institutions (HSIs) in the US: UK and Hiring Our Heroes in the US support discussions for four-month rotations.
of Managing Directors from underrepresented service leavers who are in their resettlement • We continue to drive sponsorship
– HBCU Week Scholarship Fund – US
ethnicities by 50% from a 2022 baseline – to period through a 10-12 week work placement programmes to develop existing talent and
Consumer Bank endowed a $300,000
84 in the UK and US combined by the end of with the bank, helping them transition into work with senior recruitment partners to
scholarship fund to support the HBCU Week
2025. At the end of 2023 this was 55. civilian careers. In 2023, the UK and US attract diverse external talent.
Foundation as a non-profit organisation.
• We are also progressing towards our ambition programmes achieved a 62% and 75% • Following the success of the programme launch
– At the ‘HBCU Night’ in the Barclays Center in conversion rate to full-time
of 33% representation of women in senior in 2022, within the Investment Bank we have
New York, our senior leaders supported over employment, respectively.
leadership roles (Managing Directors and continued and further refined a sponsorship
2,000 students with more than 20 HBCUs to
Directors) by the end of 2025. At the end of programme targeted at high-performing talent
navigate the admissions process for further
2023 this was 30%. – partnering each participant with a member
education.
of the Investment Bank Management team or
• Over 200 new joiners were hired through our senior Managing Director.
sponsorship of the Grace Hopper event in the
US, which celebrated women and non-
binary technologists.
04
Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
We participate in benchmarks and disclosures, enabling us to understand more about best practice
and how we can improve. We received global recognitions and awards throughout 2023 as an organisation.
Colleagues also received awards directly as a result of their work.
Silver Employer
2023 India Workplace Equality Index
(Stonewall, Pride Circle and Keshav Suri
Foundation)
Silver Standard
2023 Hong Kong and Singapore LGBT+
Inclusion Index
Top 10 Best Companies for
Women in India
(Seramount and AVTAR)
Trans Allyship Award
India National Transgender Awards
2023 Singapore Tripartite
Alliance Award
Recognition for Fair and Progressive
Employment Practices
Recognition for Age Friendly Workplace
Practices, Flexible Workplace Practices,
2024 VETS Indexes 4 Star 2024 Employer of the Year at Times Graduate Employer of Choice Grievance Handling, Recruitment Practices
Employer Award the Scotland ‘Ex-Forces in Award – Finance category and Work-Life Harmony
100% Business Awards’ LinkedIn Top UK Employer Outstanding Top 50 Ally
Disability Equality Index (Disability:IN) Financial Times Outstanding For the third consecutive year Executives Role Models
Corporate Equality Index Women’s Network of the Year Times Top 100 Graduate Employers 2023 Outstanding LGBTQ+ Role Model Lists
at the British Diversity Awards Top 100 Women Executives
(Human Rights Campaign) Top 10
The Social Mobility Employer Index Role Models
Top 75 2023 Heroes Role Model Lists
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Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Workforce Diversity
early careers through to Ambitions two years ahead of time. To stretch ourselves the end of 2025, taking the overall percentage
to 21%.
senior leadership, we are further, we are now working towards the achievement of • In the UK and the US, aim to at least double
supporting colleagues to our reset Underrepresented Race and Ethnicity Ambitions. the number of Black employees at Managing
Director level by the end of 2022, which
progress and develop. We we achieved.
At the end of 2023, we had achieved our
aim to facilitate the all-colleague Race and Ethnicity ambitions –
with 5.1% and 21% of colleagues from
development of our early underrepresented races and ethnicities
careers colleagues, in the UK and US respectively.
We now hope to build on this achievement.
accelerate the progress of At the end of 2023, we reset these ambitions
our middle-level talent into to our new Underrepresented Race and
Ethnicity Ambitions:
leadership roles through • Increase the number of colleagues from
our high potential talent underrepresented ethnicities by 12.5%
in the UK.
programmes and identify • Increase the number of colleagues from
opportunities for our underrepresented ethnicities by 5%
in the US.
leaders to grow into our
most senior roles with
targeted interventions
and support.
07
Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Attracting diverse skill sets Setting up our early careers cohorts Discovery Diversity programme Launchpad
We recruit candidates with a variety of qualifications and junior talent for success Operating in the UK, Americas and APAC, Launchpad aims to empower diverse colleagues
from a broad range of educational institutions. We Our Early Careers programmes including those including India, this two-day programme for first- and drive equity through equipping them with
sponsor and engage in a wide spectrum of external for graduates, university students and year undergraduate students showcases career the skills they need to navigate and fulfil their
events to grow our talent pool and share the apprentices as school leavers, are integral to paths, with a focus on underrepresented groups. development and career goals at Barclays.
opportunities we have available to potential building a sustainable talent pipeline across the At the end of the programme, there is an Launchpad also works with people leaders
candidates from all backgrounds. organisation. We design our programmes opportunity to be assessed for a place on the and business sponsors to increase their
thoughtfully and aim to create impactful next summer internship cycle. understanding of the specific enablers and
• In the US, we recognise the important work
experiences across different business areas. blockers that diverse colleagues may experience.
HBCUs and HSIs do to improve the Developing our middle-level talent
To improve quality, we first launch pilots to test They build an awareness of these challenges
accessibility of higher-education opportunities
refreshed products, and proactively reach out to We are investing in a diverse range of through insight and targeted support, driving
for students from underrepresented
our interns and graduates upon programme programmes for our middle-level talent to equity and strengthening the inclusive
ethnicities. We will continue to strengthen
completion to help us implement their feedback. enhance their capabilities and boost their environment at Barclays.
these relationships going forward.
confidence when taking the next step in their
• We continue to find new opportunities to bring The programmes immerse our early careers career – whether that is through lateral moves or Aspire
together educational institutions at events, colleagues in our culture and offer opportunities promotions. Through our dedicated learning Focused on developing VP-level talent to help
similar to the Rising Leaders Symposium to engage with our ERGs – through attending portal, aspiring people leaders can access them grow into broader roles in the future, our
referenced in the 2023 progress highlights global events and learning about our DEI strategy resources designed to prepare them for their four-month Aspire programme is designed to
on pages 3-4. via our dedicated learning portal. In 2023, we leadership journey.The pathway educates provide high-potential colleagues with tools to
launched our curated, virtual, instructor-led colleagues to understand how to become a reflect upon their leadership skills and bring these
training – including DEI content for completion by Barclays people leader, covering behaviours insights back into their teams.
all new early-careers cohorts and their people including listening and authenticity, energising
leaders – to educate new joiners from day one. and inspiring teams, aligning the delivery of work
At the end of December 2023, we reached 36% across the organisation, and developing others.
female representation across our graduate
cohort.To improve this in 2024, we will be
enhancing how we showcase our support for
diversity and inclusion at an early careers level.
We continue to build more focused approaches
for first-year undergraduates and campus
focused partnerships, with an aim to drive
greater equity in female representation in our
early careers population.
09
Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Finance LEAP programme Military and Veterans Outreach In 2023, Barclays boosted its support to the Strategic Leaders
In Finance, 133 female colleagues at AVP and For more than 10 years, Barclays’ employability military community in the UK by updating pledges Our five-month Strategic Leaders programme is
Analyst grades participated in the 'Learn, Engage, programmes have been supporting members to the Armed Forces Covenant, a decade on designed to build on the existing leadership skills
Apply, Perform' (LEAP) programme in 2023. of the armed forces build successful second from when it first made the commitments. of our Director population. The 2023 cohort
LEAP is a Finance-led leadership development careers after service. In 2023, Military and The updated pledges include a new commitment engaged in a variety of workshops, learning
programme operating globally across Veterans Outreach (MVO) placed over 500 to offer employment and business support for applicable leadership skills such as solving
20 locations. Speaker sessions, mock interviews, members of the military community into work, military spouses and partners. To further this complex challenges and building a culture of
mentoring and networking events provide and helped to upskill more than 1,000 people. commitment, Barclays also launched a psychological safety for improved collaboration.
multiple learning opportunities to enrich partnership with the Forces Employment
Barclays’ Military Talent Scheme (MTS) in the UK Enterprise Leaders Summits
professional development. The LEAP alumni Charity, focusing specifically on military
and Hiring Our Heroes in the US support service
network facilitates long-term relationship spouse and partner employment. Our Enterprise Leaders Summits were launched
leavers who are in their resettlement period
building and continues to be a source of ongoing in 2016, bringing together a group of Managing
through a 10-12 week work placement with the Progressing our senior leaders
developmental support. Directors on a rotational basis to interact with
bank, helping them transition into civilian careers.
We build robust leadership programmes to our Group Executive Committee through a
Research published in June 2023 from MTS
facilitate the further development of our senior series of sessions focusing on the development
revealed that 4 out of 5 people (83%) surveyed
leaders. These programmes drive our progress of enterprise mindsets. The Summits enable our
found the programme enabled them to refine
towards our FTSE 100 Women Leaders most senior leaders – selected as participants as
and develop their transferable skills for civilian life.
ambitions: to achieve gender diversity on our part of our succession planning – to speak up and
Group Executive Committee and its direct challenge our Group Executive Committee in
reports, and on our Board, as well as our wider open and collaborative conversations. In
focus on supporting diversity of thought at all November 2023, we held an Enterprise Leaders
leadership levels. Summit for alumni and incorporated our Group-
wide cultural change programme, Consistently
Investment Bank Sponsorship programme
Excellent throughout the sessions.
Following the success of the programme launch
in 2022, within the Investment Bank we have Consistently Excellent – Senior
continued and further refined a sponsorship Leader Workshops
programme targeted at high-performing talent – Throughout 2023, we ran a series of
partnering each participant with a member of the development events with our most senior
Investment Bank Management team or senior leaders focused on a number of strategic
Managing Director. Participants met with their themes, including Diversity of Thought. Speakers
sponsors regularly to leverage their experience, brought external perspectives for discussion with
grow their professional networks, gain further our internal executives, introducing new ideas
visibility and collaborate across the Investment and concepts to consider. These sessions were
Bank by working on new projects to showcase followed by discussion groups to evaluate how
their talent. we can apply the learning to our organisation.
These workshops were then rolled out to all
Managing Directors in 2023, exploring our
strategic drivers, with Diversity of Thought as
one of the topics for debate. We will roll out the
workshops for the rest of the workforce in 2024.
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Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
In 2024, our Latin and Hispanic Professionals Black Professionals Resource In 2023, the six-month programme involved
Resource Group will expand to include our UK Group (BPRG) group mentoring sessions and guided learning.
and EU regions, having previously been Participants are encouraged to set clear
With a focus on professional growth, BPRG
operational in the Americas. The new ERG will development goals, review materials prior to
designed the UK and US Ascent programme
be referred to as the Latin and Hispanic sessions, attend group mentoring, develop a
to facilitate the development of analysts in the
Professionals Resource Group and through personal biography, share feedback and actively
UK and US. The programme builds a trusted
sharing experiences in the Americas, the group contribute to discussions.
mentorship network and focuses on
will work to support the Latin and Hispanic
leadership and communication skills to
communities based in the UK and Europe.
enhance self-confidence.
Our ERGs support our efforts to attract, develop
and retain diverse talent. They coordinate Craig Laughland (left)
Service Leaver of the
engagement and development opportunities, Year’ award
such as mentoring and sponsorship for their Alberta Klokpah
members, and look for opportunities to build Ascent cohort member
Spotlight
their presence and launch activities globally –
ensuring we are able to deliver I grew up in Glasgow, just along the road
support worldwide. from our Campus, and served in the British
Army’s Infantry for 12 years – in the
Barclays Military Resource prestigious Black Watch unit who wear the
Group (BMRG) famous, world-renowned red hackle.
BMRG plays a key role in Barclays’ support for Deploying on various operational tours and
serving personnel, veterans, reservists and the exercises around the world. I learned the
wider armed forces community. This includes ability to adapt and learn quickly, applying
providing support to the Military Talent Scheme structure and plans to multiple pieces of
and Hiring Our Heroes programmes. In 2023, work while balancing priorities.
they hosted Military Insight Days in several UK I suffered heavily from imposter syndrome
locations and three-day Military Placements to during and immediately after my transition
provide an introduction to working life at Barclays into Barclays. I approach teamwork
for veterans, spouses and service leaders in similarly to how I did in the military – all
Scotland. Operating globally, BMRG also opinions are valid, we can learn so much
organised a visit to the Army Institute of more from varied experiences and
Technology (AIT) in Pune, India and delivered an backgrounds within a team, and diversity
engaging session to students and the AIT of thought helps challenge the “norm”.
graduate class of 2023, based on the work we do I have also managed to get involved in lots of
at Barclays and opportunities available to them. amazing initiatives with the Inspire ERG in the Spotlight
Glasgow campus while being part of the
The Ascent programme was a transformative career development journey that empowered me
BMRG community engagement workstream.
to reach my full potential. The programme enhanced my confidence to progress my career by
I was named New Service Leaver of The Year combining the invaluable support of a dedicated mentor with self-directed LinkedIn training
at the Ex-Forces in Business Awards. I was modules. Our mentors provided insightful advice and created an environment where we all felt
truly humbled and honoured to have comfortable to speak up about the challenges we faced with internal progression. They also
been recognised. provided constructive feedback on our developmental areas. It fostered a culture of continuous
Craig Laughland learning, growth and empowerment for me and my cohorts.
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Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Spotlight
I was diagnosed with dyslexia in my early school years. As a mentee in the Reach Mentoring
Scheme, my mentor and I would discuss strategic planning, imposter syndrome and building
confidence. To me, the scheme demonstrated that senior leaders care about their colleagues
and want to understand how they can continue to make Barclays an inclusive organisation.
Kelly Deegan
Member of Reach ERG
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Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Sign language project Hybrid working Supporting our colleagues to manage Paying colleagues fairly
their wellbeing
A group of colleagues in Customer Care created In 2023, we continued to evolve our hybrid How we set and manage the pay of Barclays
bespoke learning content, focusing on working approach to provide more structure. We deliver a variety of support for colleagues to employees is underpinned by our remuneration
understanding how colleagues can better strengthen their resilience, mental health, body, philosophy, which includes our commitment to
Spending time together face-to-face makes it
support our customers with hearing loss and social, workplace and financial wellbeing. Our rewarding sustainable performance and ensuring
easier to collaborate, share ideas, mentor
show active allyship across communities. These wellbeing resources enable colleagues to build strong alignment with risk and conduct as well as
colleagues and connect informally, while
resources included alphabet and communication their ability to support wellbeing and enhance our Values and Mindset.
supporting our productivity. We provided
tips, etiquette and guidance about learning performance. We continue to offer high-quality,
support to people leaders globally through Paying people fairly is another essential element
British Sign Language – which has been viewed accessible support, including through our global
structured hybrid clinics, communications and of our pay philosophy. We have developed our
by over 3,000 teams across Barclays UK. The Employee Assistance Programme (EAP) and
guidance. Working from home continues to be an fair pay approach over a number of years, and we
team are now in the process of rolling out similar regional healthcare schemes. Our EAP offers
important part of how we work at Barclays, continue to ensure that fairness is a key and
resources out across India, applying the same free and confidential support to colleagues and
alongside colleagues having fixed time in-person explicit consideration in the way we make all of
content to learning Indian Sign Language. their immediate family members when personal
with their team, customers and clients. Our our pay decisions.
circumstances may impact their health and
approach to hybrid working helps colleagues
Our inclusive people policies wellbeing. It is part of our ‘Be Well’ programme,
+
More information on our Fair Pay Agenda, including our fair pay
principles, key milestones and our equal pay commitment,
work closely with those who are onsite at the
We continued to build on the progress we offering a 24/7 global service from qualified can be found in our 2023 Fair Pay Report.
same time – these connections are a vital part of
made in 2022 by updating our people policies, psychologists and personal support for We are an equal opportunities employer, which
our culture, and critical to helping colleagues
enabling colleagues to feel confident when bereavement, family matters, financial or legal means we are committed to providing equal
build a successful career at Barclays, and
maintaining their wellbeing throughout their support and health concerns. employment opportunities to all applicants and
supporting our customers and clients. We
careers at Barclays. We regularly review our believe this approach offers the best of both To pinpoint focus areas for improvement and guide employees – enabling them to enjoy a successful
policies in line with our six intersectional worlds. Due to the diversity of the organisation, the embedment of programme resources, we track career at Barclays and progress through the
agendas, in consultation with our Group business areas have slightly different approaches Wellbeing index scores in our regular all-colleague organisation. We do not discriminate based on
Diversity, Equity and Inclusion team. In 2023, according to their business needs – we do not Your View surveys. The surveys give individuals the race, colour, creed, religion, national origin,
through a broader review of our people have the same approach across the bank. opportunity to share their views on how they find alienage or citizenship status, age, sex, sexual
policies, we sought to drive consistency in working at Barclays. We measure colleague orientation, gender identity or expression, marital
provisions and streamline our global Workplace adjustments wellbeing through ten related questions. In our or domestic/civil partnership status, disability,
processes – overall information is now more Throughout 2023, we embedded our global Autumn 2023 Your View survey, the Wellbeing index veteran status, genetic information, or any other
accessible, transparent and stored on a single workplace adjustments process to ensure score rose to 88% favourable (+2ppt year on year). basis protected by law. All our people policies
global HR Hub page. This includes content for colleagues can perform at their best. The Leaders are accountable for overseeing wellbeing reflect relevant employment law, including the
both people leaders and colleagues, for process encompasses a diverse range of plans and ensuring wellbeing is a top priority across provisions of the Universal Declaration of Human
example covering compassion and support categories, including hearing and the bank. Rights and the International Labour Organization
bereavement leave. speech, mental health, mobility, neurodiversity (ILO)’s Declaration on Fundamental Principles
and visual. We improved the efficiency of the and Rights at Work. We expect our people to
service by reducing the time taken to provide treat each other with dignity and respect, and do
colleagues with their workplace adjustments. not tolerate discrimination, bullying, harassment,
retaliation or victimisation on any grounds.
A collaborative approach to accessibility is
essential for colleague wellbeing and
productivity. In partnership with our Reach ERG,
we proactively ask colleagues for feedback
about their experience using the workplace
adjustments service and look for opportunities
to improve.
15
Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Leadership Accountability
Driving change with DEI data Your View data insights also provide an In addition, updates are shared with our Group
Transparency Barclays, with a series of questions measuring a number of insights and have highlighted key which enables business leaders to access
aspects of our Values and Mindset, including a examples below. These provide global Group- data and keep track of progress against our
‘speak up’ culture. The survey was completed by wide insights, for colleagues who completed the ambitions. Our systems and the reports they
Accountability
changes and movements in DEI metrics across our
six core agendas, regions and business areas. One ‘It’s safe to speak up’ survey question: honour the spectrum of gender identifies,
of our primary indices is the Inclusion index, which • Scores increased for Black colleagues by as well as ethnicities.
In the ‘Our data’ section increased year on year by +1ppt to 83%. Further +1-4ppt year on year. Your View insights, combined with internal and
details of the Inclusion index in the Your View survey • Scores increased year on year for colleagues external hiring, leaver and promotions data
on pages 22-30 we share are included in the ‘Our Data’ section. with a disability and/or health condition, available in People insights, provide a basis for
an extensive set of The Your View survey has also enabled colleagues however this population scored below the
Group averages.
leaders to make data-led decisions about future
agenda focus areas, build a deeper
to self-identify their gender and ethnicity amongst
metrics aligned to other characteristics, including disability. We collect • Colleagues with parent and carer understanding of the composition of our
responsibilities scored above the workforce and identify trends in the data. Our
measure colleague this information to learn more about the diversity of
our workforce. Group averages. leaders are directly engaged in the measurement
representation, • Scores increased year on year for
gay/lesbian colleagues.
of our progress towards meeting our
Underrepresented Race and Ethnicity and global
attraction and retention • Scores increased year on year for women and Gender Ambitions.
non-binary colleagues, although non-binary
of talent, and colleague colleagues scored below the Group averages.
Greater data accessibility provides leaders with
the opportunity to work directly with the most
wellbeing and recent diversity metrics, equipping them with
a fuller awareness of how our workforce is
engagement – through changing over time.
the lens of our six To enable us to make further progress, data
insights support us to understand the impact of
core agendas. initiatives and trends. We look at this alongside
external benchmarking and changes in the
external landscape to inform how we respond
to future challenges and opportunities.
18
Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Diversity in our supply chain Suppliers were invited to present their Barclays Bank PLC UAE External
Optimising Building our relationships with diverse
customers, clients and suppliers and supporting
qualifications via a social media campaign
and attended the Contact Centre Business
Mentoring programme
Our UAE branch, in collaboration with New York
External their growth is a priority for us. We are Processing Outsourcing (BPO) Opportunity
University (Abu Dhabi) and Birmingham
committed to continuing to grow a diverse and Showcase, before subsequently submitting
University (Dubai), ran the fourth cycle of an
their offerings through our Barclays
Relationships
inclusive supply chain, to provide inclusive external mentoring programme connecting
procurement opportunities for businesses Supplier Marketplace.
experienced banking professionals with
diverse in size, ownership make-up, or mission. Investing in diverse suppliers university students. Mentors shared their
We look for opportunities We consider ownership-diverse businesses(2) to
be majority owned, controlled and operated by
Recognising capital investment as a challenge to expertise, guidance and support with students to
help drive positive social impact and shape a
the long-term growth of ownership-diverse
to learn from new and protected class groups. In 2023, we expanded suppliers, Barclays led an effort with the National brighter, more inclusive future.
this definition to include mission-diverse
existing strategic businesses or social enterprises to form new
Minority Supplier Development Council (NMSDC)
to establish the Capital Manager’s Program
Eagle Labs
partnerships and relationships with businesses focused on driving
positive social outcomes. By 2025, we aim for
(CMP). Designed as a one-stop-shop capital Barclays Eagle Labs provide support to start-up
and scale-up businesses – particularly those
ecosystem, the NMSDC – the largest ethnic
embed best practice into service providers making up 70% of our minority business organisation advocating for focused on technology and innovation – through
addressable spend to operate with a diversity a network of physical spaces, virtual support and
the organisation. and inclusion policy or standard.
corporate supply chain inclusion in the US –
received a $100,000 sponsorship from Barclays. expertise. Businesses can be connected to
We collaborate with In 2023, we celebrated 10 years of our Global This worked towards its aim of pulling together mentors, specialists and a collaborative
community designed to help them on their
Supplier Diversity initiative. Our global supplier capital providers across every stage of business
organisations to further diversity team support diverse entrepreneurs growth, to match businesses with debt and growth journey.
all six of our core and businesses through a combination of direct
contracting as first-tier spending suppliers and
equity capital providers.
To increase business development opportunities
agendas, impact our subcontracting through large suppliers as for small, diverse businesses, we are corporate
second-tier suppliers. As a result, we hope to
workforce at all levels drive positive business-led outcomes for
members of ‘OutBritain’ in the UK, supporting
LGBTQ+ business owners, and ‘WEConnect
(2) Ownership-diverse suppliers are defined as being at least
51% owned, controlled and operated by people from ethnic
and support all of historically underrepresented communities. International’, supporting women- minority groups, women, LGBT+ people, military veterans,
persons with disabilities.
Our growing network owned businesses.
the communities we of diverse suppliers
operate in. In 2023, we continued to deliver our signature
Showcase series – introducing prospective
diverse suppliers with the potential to solve
some of our critical needs.
We partnered with the US Consumer Bank’s
Contact Center operation to present some of
the challenges faced by the team, and offered an
opportunity for diverse suppliers to introduce
their capabilities.
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Continuing to build a diverse, 2023 progress highlights Our global awards Workforce Inclusive and Leadership Data Transparency Optimising External Looking Our Barclays PLC
Contents equitable and inclusive culture by strategic priority and recognitions Diversity Equitable Culture Accountability and Accountability Relationships ahead Data Diversity, Equity and Inclusion Report 2023
Looking ahead
and aspirations
Gender Ambition. We are looking forward to
leadership and diversity of thought, and due
making further progress to reach our gender
regard is given to diversity and inclusion
diversity target listed in our Board Diversity and
characteristics through the appointments
Inclusion Policy to ensure that the proportion of
process for Group Executive Committee and
women on the Board is at least 40% by 2025.
2023 data and insights inform the delivery of new Leadership career accelerator
Board roles. We are building a talent pool of
senior leaders equipped with the skills needed
approaches in 2024, as well as carrying forward and In 2024, Barclays will pilot a leadership
to be a ‘leader of leaders’ at Barclays. Our
leadership-focused talent programmes provide
strengthening our existing initiatives. We hope to achieve development programme designed to advance
the strategic leadership skills of women in
coaching and sponsorship to our most senior
this by delivering against our five strategic priorities, Managing Director positions across the
leaders with individualised support. We use
a broad range of internal and development
organisation who have evidenced potential for
underpinned by our three principles and positively growth and progression. The programme will
interventions to stretch and challenge executive
talent. Appointments at the highest levels are
impacting our six core agendas. support clear development pathways for the
participants and will promote the growth of
completed over an extended period of time and,
as a result, the influence and impact of our senior
existing and new sponsorship networks to
leader talent programmes and individualised
connect senior leaders across the bank,
support will be realised over time.
enhanced by global events. Leadership
Accelerator will complement the Barclays Our regulatory obligations
Launchpad programme, which is attended by
We currently meet our legal and regulatory
colleagues ranging from analyst to director.
obligations for reporting. We will continue to
monitor the external regulatory and legal
environment, ensuring we engage with
regulatory and governmental organisations
promptly. We incorporate external research and
academic reading into our thinking, and will
continue to learn from best-practice examples.
Our governance processes continue to be
reviewed to meet changes in the requirements
set by regulatory bodies.
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Our Data
Gender
Representation of women in our global workforce has remained level Gender (%)
since 2021 at 45%. We continue to see the consistent trend of the
greatest proportion of women working at a junior level and the lowest
Senior* 30% 70%
proportion working at a senior level; however, there are indicators
that this is changing. At both middle and senior level, representation
of women increased by +2ppt compared to 2021 – ending 2023 at Middle 36% 64%
36% and 30% respectively. There was a marginal year on year
decrease at a junior level, to 54%. We are making gradual progress Junior 54% 46%
towards our global Gender Ambition of reaching 33% female
presentation among our senior leader population, but there is more
Total 45% 55%
work to be done to prioritise the development of our middle-level
talent pipeline for progression into senior roles.
n Female n Male
In our Your View survey, colleagues are able to select ‘non-binary’ as a
gender identity or state ‘another gender identity’, however the
sample sizes for the ‘non-binary’ and ‘another gender identity’
categories were too small to yield actionable insights.
We recognise that our colleagues have a range of gender
identities and that not everyone’s gender identity aligns to their
sex assigned at birth. Our systems and the reports they have
informed in the past use definitions set out by legal reporting Note:
requirements. We are updating our systems to better reflect and *2023 data subject to independent Limited Assurance under ISAE(UK)3000 and ISAE3410. Current and previous limited assurance scope and opinions can be found within the ESG
Resource Hub for further details: home.barclays/sustainability/esg-resource-hub/reporting-and-disclosures/.
honour the spectrum of gender identities. For the purposes of Throughout this section, the data is correct as of the end of 2023 and we have grouped this data using the following definitions:
this report, we use the identifiers ‘male’ and ‘female’ for the Senior: Managing Directors and Directors
Middle: Vice Presidents and Assistant Vice Presidents
category of gender as captured in our systems. Junior: Analysts
n Female n Male
Hiring
By regularly analysing hiring data we are able to monitor trends and Hiring by gender (%)
patterns – identifying the approaches that are helping us grow a more
diverse workforce, as well as areas for improvement. 26% 74%
Senior
In 2023, 44% of all new hires across the organisation were female –
a +4ppt increase since December 2022. There was a +3ppt increase
Middle 35% 65%
in female hiring at middle and junior grades. Female hires at a senior
level decreased by -4ppt year on year to 26%.
In 2024, we continue to build our talent pipeline and support the Junior 46% 54%
n Female n Male
In 2023, our hiring rate of Black colleagues continued to exceed Hiring by race and ethnicity – UK and US (%)
our overall representation of Black colleagues and we hired a
greater percentage of Black colleagues than 2022 – an increase 1.6% 2.1%
of +1.5ppt to 10.1%. The representation of hires from Black,
Multiracial, Hispanic, Latinx, Native Hawaiian or Other Pacific Senior 45.7% 13.5% 35.0%
Islanders and Native Americans has increased by +0.9ppt since
2022 to reach 14.9% across this population. We saw an increase 2.1%
in Multiracial and Hispanic/Latino hires at a senior level, however
our representation of Black senior hires has fallen by -1.5ppt 0.8%
since 2022.
Middle 29.1% 27.8% 4.7% 36.3%
1.3%
2.6% 0.2%
2.7% 0.1%
2.2% 0.1%
2.3% 0.1%
n White n Asian n Black n Multiracial n Hispanic/Latino n Native Hawaiian or other Pacific Islander n Native American n Unknown
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Promotion
We monitor colleague promotions through gender and ethnicity Promotion by gender (%)
breakdowns over time, to provide all colleagues with an inclusive
and equitable journey to promotion. This data helps inform the 30% 70%
Senior
continuous improvement of our development programmes to
unlock opportunities.
Middle 42% 58%
Of our 2023 promotions, 45% were female colleagues, flat year on
year. Female promotions into a middle-level grade increased by
+2ppt compared to 2022, while junior level promotions decreased by Junior 50% 50%
-2ppt to 50%, and senior level promotions fell by -4ppt to 30% year
on year. We aspire to make steady and significant progress Total 45% 55%
throughout 2024 by enhancing progression opportunities for female
colleagues at all corporate grades and preparing our existing female
leaders for further leadership development. We hold ourselves n Female n Male
accountable to meeting our global Gender Ambition for Directors
and Managing Directors – and improving our female promotion rate Promotion by race and ethnicity – UK and US (%)
will support our progress.
1.3% 2.2%
In 2023, we saw an increase of +1.1ppt for Multiracial colleague
promotions at a senior level to 3.1% since 2022. At all grades,
Senior 58.5% 17.0% 17.9%
promotion of Multiracial colleagues exceeded overall colleague
representation by +0.7ppt. The 2023 promotion rate of Black,
Multiracial, Hispanic/Latino, Native Hawaiian or Other Pacific 3.1%
Islander and Native American colleagues remained level with 3.0% 1.6%
2022 at 8.4%.
The promotion rate of these groups also exceeded or matched Middle 55.3% 17.3% 20.8%
overall colleague representation at a middle level. In contrast, for
Black colleagues at a senior level, the rate of promotions fell
2.0%
below overall colleague representation by -0.4ppt – a drop of
-1.5ppt year on year. This data shows that our development 2.9% 0.1%
programmes for underrepresented ethnicities are working at a
junior level, but that more needs to be done to understand how
Junior 51.4% 12.2% 7.2% 25.4%
to replicate this progress for our senior leader population.
0.8%
2.5%
1.3%
n White n Asian n Black n Multiracial n Hispanic/Latino n Native Hawaiian or other Pacific Islander n Native American n Unknown
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Leavers
Female attrition (%)
By continuing to review colleague attrition(3) and leaver rate(4), we can assess both short and long-term retention and gain a deeper understanding of the variety of factors which may impact attrition.
Gathering data about our female leavers helps us find better ways of retaining female colleagues, ensuring they feel both engaged and included throughout their development journey with us – and,
consequently, that they can progress through our organisation. Compared to 2022, overall attrition decreased slightly, but female colleagues had slightly higher attrition than male colleagues (9% vs 7%).
We were pleased to end 2023 with an improvement in attrition for senior leaders. Supporting our female senior leaders will remain a priority for 2024 as we work towards our global Gender Ambition.
Our leaver rate for Black colleagues surpassed overall colleague Leavers by race and ethnicity – UK and US (%)
representation, meaning that Black colleagues on average are
leaving at a faster rate in comparison to current headcount. 1.7% 1.5%
We need to do more to support the retention of colleagues from
underrepresented ethnicities. The proportion of Black and
Senior 66.1% 14.3% 14.2%
Hispanic/Latino leavers decreases with increasing seniority –
a trend we also saw in 2022 – but the reverse applies to White
colleagues leaving the organisation, suggesting we are better 2.1% 0.2%
at retaining colleagues from underrepresented ethnicities at 3.8% 1.9%
a senior level. Nevertheless, there is an opportunity to improve
retention at middle and junior levels.
Middle 53.0% 20.5% 18.9%
1.9%
3.1% 0.2%
2.7%
2.7% 0.1%
2.3%
n White n Asian n Black n Multiracial n Hispanic/Latino n Native Hawaiian or other Pacific Islander n Native American n Unknown
Notes:
(3) Attrition rate is calculated as all colleagues who left the organisation voluntarily.
(4) Leaver rate is calculated as all colleagues who are no longer part of an active
contractual relationship with Barclays. This excludes colleagues who may have left
one team in Barclays to join another part of the bank.
For metrics related to age, totals may not add up to 100% due to rounding and the small
number of colleagues whose age was unavailable.
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Multigenerational
In general, colleague representation of higher age groups Age by corporate grade (%)
increases with seniority. Colleagues aged 50-60 years old saw
the greatest representational year on year increase at the senior 0.1% 3.0%
level of +1.9ppt. Colleagues aged 30-40 years old have the
highest-representation at a senior level (20.1%), consistent with Senior 20.1% 50.0% 26.7%
2022. This age group saw a slight decline across the Group, with a
-1.7ppt decrease in representation at a senior level, a -1.6ppt
decrease at the middle level, whilst representation at a junior level 2.7%
increased by +0.5ppt year on year.
At a junior level, colleagues aged 30 and under were the most- Middle 8.4% 41.8% 32.6% 14.4%
represented group. Our representation of colleagues under 30
increased year on year, and we recognise that younger colleagues
value wellbeing, feel energised by new challenges and frequently look 0.6% 3.0%
for new opportunities to embark on new career pathways.
Junior 36.7% 35.7% 14.2% 9.8%
0.3% 2.9%
n Below 20 n >=20 - <30 n >=30 - <40 n >=40 - <50 n >=50 - <60 n Over 60
Colleagues who identified in the Your View survey as having Colleagues who responded ‘yes’ to having military experience (%)(5)
military experience remained flat year on year at 2% at
Group level.
Senior 4%
Middle 2%
Junior 1%
Note:
(5) Data points are based on responses from colleagues who provided consent to share Total 2%
their demographic information in the Autumn 2023 Your View survey. Regions and
countries that are not asked questions related to personal diversity characteristics
based on jurisdictional data privacy considerations include mainland Europe, Israel,
UAE, Turkey, China, Japan, South Africa, Taiwan, Brazil and Australia.
For metrics related to age, totals may not add up to 100% due to rounding and the small
number of colleagues whose age was unavailable.
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LGBT+
Colleagues identifying as bisexual or gay/lesbian increased year Self-identified gay, lesbian and bisexual colleagues (%)(5)
on year by +1ppt, to 6%.
Senior 3%
Middle 5%
Junior 6%
Total 6%
Disability
We are learning more about the range of disabilities and health Self-identified disabilities and health conditions (%)(5)
conditions impacting our workforce and how we can best support
our disabled colleagues. As our understanding of disability grows, Mental Health
we will continue to drive equity across the bank in 2024. Condition 37%
In the Autumn 2023 Your View survey, 11% of colleagues self- Physical Health
identified as having a disability or health condition, which was a Condition 38%
-1ppt decrease year on year.
Neurodivergent
24%
By corporate grade Condition
By disability/health condition
Other 11%
Of colleagues who self-identified as having a disability, physical
health conditions were the highest-represented category with a Prefer Not
year on year increase of +7.3ppt, standing at 38.1% in the 2023 to Say 5%
Your View survey. Mental health was the second-highest self-
identified disability or health condition at 37.1%, which decreased Definitions:
by -0.7ppt year on year. This was followed by neurodivergent Physical health conditions include cancer, multiple sclerosis, diabetes, and other conditions.
conditions, which increased year on year by +2ppt to 24.2%. Neurodivergent conditions include ADHD/ADD, Tourette’s syndrome, dyslexia, dyscalculia, autistic spectrum and dyspraxia.
Physical impairments include vision impairments, hearing impairments and mobility impairments.
Note:
(5) Data points are based on responses from colleagues who provided consent to share
their demographic information in the Autumn 2023 Your View survey. Regions and
countries that are not asked questions related to personal diversity characteristics
based on jurisdictional data privacy considerations include mainland Europe, Israel,
UAE, Turkey, China, Japan, South Africa, Taiwan, Brazil and Australia.
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Socio-economic background
Compared to those from lower socio-economic backgrounds, Socio-economic background (%)(5)
a greater proportion of our workforce are from professional or
intermediate backgrounds, at 59%, down slightly from 61%
in 2022. Senior 59% 17% 16% 2% 5%
Note:
Metrics for socio-economic background are rounded to the nearest whole number. Some totals may not add up to 100%.
Middle 32%
Junior 29%
Total 31%
Note: n Yes
(5) Data points are based on responses from colleagues who provided consent to share
their demographic information in the Autumn 2023 Your View survey. Regions and
countries that are not asked questions related to personal diversity characteristics
based on jurisdictional data privacy considerations include mainland Europe, Israel,
UAE, Turkey, China, Japan, South Africa, Taiwan, Brazil and Australia.
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2022 36%
n Female n Male
Note: 2022: 84% 2022: N/A 2022: N/A
Excludes graduates whose gender is unknown.
Female representation within our 2023 graduate intake cohort remained flat versus 2022 at 36%.
This is below 2021’s female graduate representation of 39%.
To further progress in this area, we are investing in our graduate programmes to provide
experiences in a variety of business areas – enabling all graduates to build a wide variety of technical
skills. Further detail on how we are doing this can be found on pages 6-9 in the Workforce Drive Inclusion Wellbeing
88%
Diversity section.
89% 83%
Internal and external hires 2022: N/A 2022: 82% 2022: 86%
n 2022 n 2023
Note:
Reflects lateral hiring only. Excludes graduates, apprentices and interns.