The Institute of Chartered Accountants of Scotland (ICAS) has announced it has signed The Charter for Black Talent in Finance and the Professions, which was launched in October 2020 following the killing of George Floyd.
The charter, which was founded by Harry Matovu and Michael Eboda, requires organisations to apply the same standard business techniques to the growth of Black talent as they would apply to projects for revenue growth.
J Bruce Cartwright, chief executive ICAS, said: “There are very few initiatives which candidly address the discrimination faced by Black professionals, the most under-represented ethnic group in finance and the professions.
“The Charter does this, and at its heart lies a requirement for proper data collection, the establishment of action plans with ambitious targets for recruitment and progression, and senior executive accountability for delivery of the action plan.”
Matovu added: “Many in the sector recognise the need for action, and ICAS, as a global professional body for Chartered Accountants, brings huge weight and authority to this initiative.
“It requires signatory firms to establish measurable data against which they can assess progress on improving equality of opportunity for Black talent in their UK businesses; clear action plans with ambitious targets.”