Tandem Bank commits to HMT’s Women in Finance Charter

20 February 2024

Tandem, the UK’s greener, digital bank has announced it has become a signatory of the Women in Finance Charter, becoming one of the latest banks to back the Government and industry’s push for gender balance in financial services.

The Charter, launched by HM Treasury, commits signatories to supporting the progression of women into senior roles across financial services.

Tandem’s signature marks its latest move in its transformation to become one bank, with a single established culture since significant acquisitions, including Oplo in 2022.

While Tandem is finalising its specific plans to underpin its commitment, the charter makes four pledges:

1. Having a member of the senior executive team who is responsible and accountable for gender diversity and inclusion
2. The setting of internal targets for gender diversity across senior management
3. Publishing of progress annually
4. An intention for pay of the senior executive team to be linked to these targets

Commenting on the charter, Tandem Chief People Officer, Steve McNicholas, said: “Culture is such an important thing across any business, but Tandem’s transformation has meant it is even more so. Diversity and inclusion are at the heart of that. And I couldn’t be prouder of the steps we’re taking to ensure we are leading the way in creating female role models that lead and inspire the next generation of female leaders.

“Signing of the charter marks our commitment to see gender balance across financial services and our work to build a fair, balanced and best place to work in the sector.”

Benefiting customers’ pockets and the planet, Tandem offers greener ways to save, borrow, spend and share. From low emission motor loans, to lending for greener home improvements, to EPC discount mortgages and green savings, its products make it easier for more people to choose a greener lifestyle – helping save money, whilst reducing carbon footprints.