Diversity, equity and inclusion
The theme for this year’s International Women’s Day, 'Count Her In: Invest in Women. Accelerate Progress', is a global call to find and accelerate solutions to improve gender equity through economic participation.
This theme is particularly relevant to Macquarie because it speaks to how the economic empowerment of women contributes to building a resilient society and dynamic economy, reflecting our purpose statement of empowering people to innovate and invest for a better future. It also intersects with the Macquarie Group Foundation’s equitable grant making focus.
Macquarie Group CEO Shemara Wikramanayake, and Head of the Macquarie Group Foundation Lisa George, discuss the Foundation’s work around the world to advance women’s economic inclusion through breaking down barriers to employment and education.
Piettra Silva talks about how Leadership Through Sport and Business (LTSB), a social mobility charity which enables those facing barriers to employment into meaningful careers, helped her secure professional employment.
Supported by the Macquarie Group Foundation for over 10 years, LTSB CEO Rob Burton, and Regional Head of the Macquarie Group Foundation in EMEA Rachel Engel, highlight the impact the charity is having across the UK.
We recognise that the diversity of our people is one of our greatest strengths. An inclusive, equitable workplace enables us to embrace diversity to deliver more innovative and sustainable solutions for our people, clients, shareholders and communities.
Everyone at Macquarie is responsible for ensuring our culture is inclusive and equitable. Given the importance of Diversity, Equity and Inclusion (DEI), our EMEA Management Committee acts as our diversity committee, meeting quarterly to discuss proactive initiatives and working closely with the EMEA DEI team to enact our global and regional strategy and drive change.
We encourage our people to self-identify across a broad range of diversity dimensions including cultural and racial diversity, disability, gender identity, sexual orientation, and parenting and caring roles. This data enables internal and external benchmarking, as well as measurement of progress and equity in our people processes.
We are committed to achieving more balanced gender representation at all levels across our organisation and are proud of our progress. We employ more women and gender diverse people than ever before, but there is always more we can do.
Our focus continues to be on strengthening the internal and external pipeline of women and people from under-represented groups at all levels of our organisation and enhancing our recruitment and talent practices to help facilitate this.
We have a range of programmes to drive gender equity and support women to succeed. Equity focuses on structures - it is about levelling the playing field by removing barriers, enhancing capabilities of leaders, and valuing and accommodating for differences so more people are included and can reach their full potential.
Our purpose is empowering people to innovate and invest for a better future. This includes the future of our people, and it is why we continue to invest in and support their career paths. We provide a wide variety of role and business-specific training, and have multiple development offerings including:
Investing in our current and future talent is a key priority at Macquarie. We are continuously improving our approach to recruiting, to remove bias and focus on creating shortlists of diverse candidates, which in turn, builds a more diversified workforce.
We also provide a range of Early Careers Programmes:
We are committed to helping our employees manage their care responsibilities and provide a range of benefits and support for parents and carers.
Recognised as a Top 10 Employer at the Investing in Ethnicity Awards 2023.
Our former regional CEO, Paul Plewman, was awarded Champion (Ally) of the Year at the Investing in Ethnicity Awards 2022.
Recognised as a Top 10 Employer at the European Diversity Awards 2023
Listed in the Top 50 Glassdoor Best Places to Work 2023 in the UK
Our Women In Tech network was awarded the Best Mentorship Programme at the UK Women in Tech Employer Awards 2022.
Number 1 on the Stonewall Workplace Equality Index, celebrating LGBTQ+ inclusive employers and best employer for LGBT+ people: Stonewall Awards 2022.
Our LGBTQ+ network Pride was awarded Highly Commended Network Group in the Stonewall Workplace Equality Index 2022.
Recognised as a Top 10 Employer by the British LGBT Awards 2022.
We encourage everyone at Macquarie to be responsible for ensuring our culture is inclusive and equitable and, to create an environment where all our people belong and can thrive.
Our Employee Network Groups (ENGs) work closely with our DEI team to deliver intersectional and affinity group events and initiatives so that everyone can embrace their full identity. Everyone at Macquarie has mandatory, annual DEI objectives. Beyond what we can each do individually, the ENGs are one of our biggest assets, connecting employees from across the business to share knowledge and insights on gender, ethnicity, race, culture and religion, families and carers, LGBTQ+ and neurodiversity.
They work with HR and the DEI team to provide development, networking, and mentoring opportunities to enable employees to be engaged, empowered, and encouraged to succeed – regardless of background. This includes:
providing platforms for networking and broader industry insight and connections (i.e. for people working in or alongside technology, infrastructure, commodities, and energy markets)
including growth mindset training, profile building and senior leader mentorship
including insight events and networking
The Macquarie Group Foundation drives social impact work for Macquarie Group, supporting our people, businesses, and communities to build a better future. Recognising that many people around the world face systemic barriers to employment, our funding is focused on breaking down these barriers and building effective pathways to economic security.
We acknowledge inequities in the philanthropic and community sector and are taking steps to strengthen the diversity, equity, and inclusivity of our grant making processes and practices globally.
Pay gaps are not the same as unequal pay. Equal pay considers work of equal value. A gender pay gap is the difference between the average earnings of all men and women across an entity or organisation. Our gender pay gap is driven by not having enough women in senior roles, which we are working hard to address through various initiatives and actions.
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