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Standard Chartered Bank reaffirms its commitment to racial equality by signing up to the Race at Work Charter

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Standard Chartered has announced that it has signed up to Business in the Community’s (BITC) Race at Work Charter.  BITC is an initiative, designed to improve outcomes for black, Asian and minority ethnic (BAME) employees.

The Charter builds on the work of the 2017 McGregor-Smith Review, ‘Race in the workplace’, which found that people from BAME backgrounds were still underemployed, under promoted and under-represented at senior levels.

The Race at Work Charter is designed to foster a public commitment to improving outcomes of BAME employees in the workplace. It consists of five principles to ensure organizations address the barriers to BAME recruitment and progression: Appointing an Executive Sponsor for race, Capturing data and publicizing progress, Ensuring zero tolerance of harassment and bullying, Making equality in the workplace the responsibility of all leaders and managers and taking action that supports ethnic minority career progression

The Bank’s Executive Sponsor for race, Tracy Clarke, Chief Executive Officer Standard Chartered Bank, said: “Signing up to the Race at Work Charter was a natural progression for us at Standard Chartered. We view diversity, inclusion and respect for all colleagues as critical to our future success. Our diversity is what sets us apart and is integral to our brand promise of Here for good.”

Sandra Kerr CBE, race equality director at Business in the Community, said: “We would like to thank Standard Chartered for setting out their commitment to being an inclusive and responsible employer.By signing up to the charter they are showing that they aspire to have one of the most inclusive workplaces in the country. Together we can break down barriers in the workplace, raise the aspirations and achievements of talented individuals, and deliver an enormous boost to the long-term economic position.”

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