The BWD DE&I Index

BWD is committed to helping Professional Pension Trustee firms (and other employers) continually monitor and improve their recruitment processes to help create a more diverse and inclusive workforce.

The BWD DE&I Index is a measure of diversity developed to support this aim. It uses a firm’s diversity data, assessed against the 9 protected characteristics (weighted using TPR’s diversity data on its own workforce), to produce a single score. This score ranges between 0% and 100%.

A score of 0% or 100%, suggests a firm’s workforce is not diverse. For example, all employees are males of white origin, or all employees are females not of white origin.

A score of 50%, suggests a firm’s workforce is diverse. For example, there are an equal number of males and females, and an equal number of employees of white origin and not of white origin.

Litmus test

To illustrate comparisons between firms, we have used the concept of a ‘Litmus Test’, such that 50% represents a diverse (or neutral) workforce.

TPR vs Trustee Firms

The BWD DE&I Score for TPR and Professional Pension Trustee firms in 2022 (and 2021 for TPR) is shown below. This index will help to show emerging trends over time.

Observations:

TPR’s BWD DE&I Score has fallen slightly from 40% in 2021 to 39% in 2022. This suggests TPR’s workforce is slightly less diverse in 2022 compared to 2021.
The BWD DE&I Score for all Professional Pension Trustee firms in 2022 is 29%, lower than TPR’s score of 39% in 2022. This suggests Professional Pension Trustees across All Firms are less diverse than TPR’s workforce.