OUR COMMITMENTS

While we know that organisations with improved diversity perform better and see higher financial returns, our commitment is more than that; it’s about creating an environment for our people, clients, and stakeholders where they feel welcome and able to bring their whole selves to work.

With a focus on employees, communities, supply chains, and thought leadership, we’ve implemented a comprehensive EDI roadmap applicable across the 90 countries in which we operate – no easy task considering the many diverse cultures and contexts at play. But it’s one of the aspects of which we’re the proudest.

We’ve truly embodied the value of ‘One Palladium,’ defining our values from the bottom up, and aligning them from headquarters down to our project offices across the globe. We’ve translated our global initiatives around diversity, safeguarding, and equity into local contexts at the project level and embedded them into business-as-usual practices.

“We’ve translated our global initiatives into local contexts and embedded them into our business-as-usual.”

We’ve decentralised accountability around diversity and inclusion metrics, linking global key performance indicators to senior leaders’ pay, and hosted quarterly regional D&I forums and equal pay reviews in an effort to ensure transparency and hold our leadership team accountable to the goals and targets we set, while also making it clear that this is everyone’s priority.

Since putting these initiatives in place, our equal pay gap has gone from 21% in some parts of the business down to less than 3% globally.

We’ve also achieved gender parity among the senior leadership team, shareholders, and employees. But as we know, gender is just one piece of the inclusion jigsaw. Women are not a homogenous group, and gender parity does not equal diversity or inclusion when women are only being recruited and promoted from the same privileged backgrounds as their existing male counterparts.

Diversity of thought on the other hand, requires a far more intersectional approach, and one we’re working towards across all areas of the business.

We’re proud to report on these targets but we acknowledge that there’s still, and always, more work to be done. As we look ahead, we’re iterating on our approaches, from including equity throughout our strategies, to shifting recruitment practices, selection criteria, and dismantling unconscious biases.