Changing an industry: leading equality in the investment and savings industry

Abstract

Purpose The purpose of this paper is to explore the impact of the Diversity Project, a cross company initiative that has been applied in the investment and savings profession to accelerate progress towards a more inclusive culture across the industry. This is with a view to providing a template for other industries considering impactful change. Design/methodology/approach This paper considers the approach taken by the investment and savings industry to drive change towards a more inclusive culture by using a summative content analysis approach. The authors framework this application using Sustainable Development Goal 10 (reduced inequalities) to increase relevance and contribution beyond this context. Findings The Diversity Project demonstrates numerous examples of driving change within the investment and savings industry by galvanising cross company support for events, publications, charters and action. These experiences will provide policymakers and practitioners in other industrial sectors insight to achieve similar change. Originality/value The Diversity Project established in 2016 has gained significant traction in the investment and savings industry through membership of 70 firms and 30 partner firms, supporting 18 cross company diversity and inclusion work streams focussed on developing collaborative and cohesive action plans.

Starting a movement: a national initiative to build employee engagement in (lost) workplace pensions

“…Thus, we could therefore argue that an ambidextrous leadership approach is needed. Ambidextrous leadership relates to Organisational Ambidexterity and is a theory pertaining to paradox (Butler and Smith, 2021). Somewhat simplified, there are two polar opposites, namely, exploitation and exploration (Birkinshaw and Gupta, 2013;O'Reilly and Tushman, 2013;Stokes et al, 2015) for greater understanding of Organisational Ambidexterity.…”

Kinks in the hosepipe: a case study of managing gender equality in an SME

“…This can align with Sustainable Development Goal (SDG) 10 concerning the reduction of inequalities in society, specifically targeting 10.2: "By 2030, empower and promote the social, economic and political inclusion of all, irrespective of age, sex, disability, race, ethnicity, origin, religion or economic or other status" (UN SDGs, 2022). The case study here focuses on gender inequality in particular and heightens how leadership in the investment and savings industry is working to promote more inclusive cultures (Butler and Smith, 2021).…”