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Women in Finance and diversity targets

Paragon is a proud signatory of HM Treasury’s Women in Finance Charter, a pledge for gender balance across the financial services sector.

The Charter requires signatories to set a target for female representation in senior management. We are proud that we met our initial target to have 35% female representation in senior management positions by January 2022.

In recognition of this, the Group has now revised its target to achieve 40% female representation in senior management1 positions by December 2025 (September 2022: 38.1%).

1 Senior Management is defined as being Executive Directors, Executive Committee members and their direct reports, in accordance with the recommendations in the Hampton-Alexander Report.

Action to reach our targets

We regularly review our progress and, to help us reach our targets, we have:

  • reviewed recruitment and selection practices and now instruct search firms to provide improved gender diversity amongst candidates
  • continued to increase our focus on providing female career development and leadership training
  • continued a programme to identify female leaders and potential leaders amongst the workforce, providing those individuals with more coaching and development opportunities
  • continued participation in the Women Ahead cross-company mentoring programme
  • delivered training on unconscious bias
  • implemented an online recruitment system to provide anonymised CVs at the first selection stage
  • reviewed and implemented an increase in maternity pay provision
  • established an Equality, Diversity and Inclusion network to broaden the Group’s diversity focus
Women in finance