The real estate sector has historically been predominantly male-dominated, but there is now a concerted effort to foster a more diverse and inclusive work environment. Various companies, including STB, are implementing a range of initiatives to underscore their dedication to driving change within the industry.
An exemplary illustration of this commitment is the Women in Finance Charter, launched by HM Treasury in 2016, with the goal of attaining gender balance across all levels within financial service firms. STB takes pride in being a signatory to this charter and has successfully met its stipulated targets, such as upholding a minimum 50% participation rate of female individuals in leadership programmes, and ensuring the acceptance of at least 75% of flexible working requests. Furthermore, the company has set forth additional objectives, with a pledge to report on progress against them at the year’s end.
In tandem with external initiatives like the Women in Finance Charter, businesses are urged to cultivate internal programmes that advocate diversity and inclusion. STB, for example, has introduced its Mentor Me programme, facilitating the pairing of senior female team members with junior colleagues to provide guidance and support.
With over two decades of experience in the banking sector, I have observed a commendable shift towards supporting individuals of various genders, races, and sexual orientations. This transformation has been the result of persistent effort and a bona fide commitment to effecting change, rather than merely meeting quotas. I take pride in witnessing STB spearheading the embrace of diversity, equity, and inclusion, particularly in my new role where my input has been valued and expeditiously acted upon.
Despite progress being made, there is still substantial work required to achieve genuine diversity, equity, and inclusion in the real estate finance industry. Sustained long-term commitment is imperative for sustained progress, and minor changes can yield significant and immediate impact. This encompasses the provision of regular wellbeing and support sessions, collaboration with DEI experts, and the promotion of inclusivity within the workforce.
In conclusion, the pursuit of diversity, equity, and inclusion in real estate finance is vital for cultivating a more balanced and hospitable work environment. Companies such as STB are setting a laudable example, but ongoing effort and dedication are indispensable to effecting enduring change. Through embracing inclusivity and equity, the industry can thrive and bolster the success and welfare of all its employees.