FLA - Finance & Leasing Association
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FLA - Finance & Leasing Association
Contact us
Login Join today
FLA - Finance & Leasing Association
Contact us
Login Join today

EDI Plan 2023/2024

The Finance & Leasing Association (FLA) is the leading trade body for the asset, consumer and motor finance sectors in the UK.  Our members include banks of all sizes and their subsidiaries, the finance arms of leading retailers and manufacturing companies and a wide range of independent firms.   

The FLA’s employees make an enormous contribution to the FLA’s success as a trade body, and that contribution is enhanced by diversity, equity and inclusion of all kinds. The FLA’s aim is that all its employees should have the opportunity to develop and achieve their full potential and be able to contribute to the FLA’s objectives.  

The FLA values excellence, and recognises that it depends on attracting, retaining and developing the best talent available, regardless of age, disability, gender reassignment, race, religion or belief, sex, sexual orientation, marriage and civil partnership, pregnancy and maternity. The FLA aims to create a culture where individuals of all backgrounds feel confident, included and respected as they contribute to fulfilling the FLA’s goals and values. 

Targets 

  • Provision of appropriate diversity, equity and inclusion training to all FLA staff, to promote an inclusive working environment. In addition, key events are celebrated to share insights into different cultures, beliefs and points of view, promoting greater inclusion.   
  (Training in H2 2023. Key events celebrated as they arise in calendar) 
   
  • Ensure that the FLA’s Equal Opportunities & Dignity at Work Policy (included within the Staff Handbook) is fully complied with.   
 (Review in H2 2023 following publication of updated FLA Staff Handbook)  
   
  • Undertake the first Diversity & Inclusion survey of staff and share findings and response.  
 (H1 2023) 
   
  • Ensure the importance of diversity, equity and inclusion is embedded across the services the FLA provides, including on agendas, representation at committees & working groups and those we work with when hosting conferences, training and events.    
 (Ongoing throughout 2023/24) 
   
  • Promote the Women in Finance Charter[1](and its research), the progression of BAME talent, and workplace diversity, equity and inclusion to the FLA membership, via a range of engagement activity including events with key stakeholders. We will also host events for members[2] to encourage good practice on diversity, equity and inclusion.       
 (H2 2023/H1 2024) 
   
  • Support members in meeting the FCA’s new regulatory requirements linked to encouraging greater diversity, equity and inclusion in financial services and host sessions to share approaches and good practice – including under the Consumer Duty and other FCA consultations.  
 (H2 2023/H1 2024) 
   
  • Undertake the first Diversity & Inclusion Survey of member firms, exploring metrics for assessing the progress of diversity and inclusion in FLA markets. Report to members on the findings and next steps.
 (H1 2023) 
   
  • Enhance the dedicated Hub on the FLA website to include good practice materials on workplace diversity and inclusion for use by FLA members, together with updates on the latest research and initiatives to help inform members’ approach on diversity, equity and inclusion.  
 (H2 2023) 

 

Senior Executive Pay   

When considering any bonus to be awarded to the Director General’s remuneration, the FLA People Committee will consider progress towards delivering the FLA’s Diversity and Inclusion Plan, including the recruitment of any new staff. The Director General’s contract will reflect this. The FLA’s People Committee is made up of FLA member firms and these individuals also sit on the FLA Board.           

Working Together  

The FLA’s priorities on diversity, equity and inclusion are agreed on an annual basis by the FLA Board. The FLA’s Remuneration Committee will adopt a broader role influencing the FLA’s work in this area and will become the People & Remuneration Committee.  

The HR Group (including members from across the three divisions) contributes to, and oversees, the FLA’s work on diversity and inclusion. 

The FLA’s D&I Group (comprising staff) is responsible for operationalising the D&I Plan.   

The FLA will collaborate with the Leasing Foundation on D&I sessions.  

Progress 

We will report to the FLA membership on the Annual Plan and progress each year.  

 

Explore our membership options

The FLA’s committed and diverse membership alongside the FLA’s expertise and strong relationships with government, civil service and regulators set it apart from other trade bodies and ensures maximum benefits to its members. 

Find out about membership

Interested in FLA Events and Training?

FLA delivers top-quality, industry specific training and events, providing members with professional development paths, essential insights, regulatory guidance, and valuable networking opportunities.

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