| Link(s): | Diversity and inclusion: Driving change in our industry | FCA A strategy for positive change: our ESG priorities | FCA |
Context
Sheldon Mills, Executive Director, Consumers and Competition at the FCA, delivered a speech at the Association of British Insurers (ABI) Diversity, Equity & Inclusion (D&I) Conference.
Key points to note
- Driving change and working with industry to achieve a more diverse and inclusive financial services industry is a core part of the objectives set out in the FCA’s Business Plan priority on ESG (Environmental, Social and Governance) and its wider strategy for 2022 to 2025.
- Progress is being made, but there is more still to do. Firms and consumers face heightened pressures from the cost-of-living crisis, but firms and the Regulator must not lose sight of the importance of ensuring diverse representation and inclusive cultures.
- The FCA has carried out work to understand how a sample of firms approach the collection of D&I data, D&I strategies, and inclusive cultures.
- Firms are taking important steps to develop their capabilities. As an industry, firms are being encouraged to maintain and expand momentum on D&I.
Next actions
None – for information and awareness.