London Stock Exchange welcome the Armed Forces Covenant
Today, London Stock Exchange Group has become the latest signatory of the Armed Forces Covenant, the nation’s promise to those who serve or have served and their families, that we will do all we can to ensure that they are treated fairly . With the signing, London Stock Exchange Group publicly declares that it is committed to playing its part as a supportive employer of veterans, service leavers, Reservists, Cadet Force Adult Volunteers and their families. Xavier Rolet KBE, Group Chief Executive Officer co-signed the Covenant with Tobias Ellwood, Minister for Defence People and Veterans.
Defence Minister Tobias Ellwood said:
“This signing is a significant step for the London Stock Exchange Group, which is set to be a strong advocate for the benefits of employing our talented Defence people in businesses across the UK.
“These pledges will seek to open the door to new career pathways for veterans and provide flexibility for reservists - ensuring the Armed Forces community is not disadvantaged by their service and sacrifice for our country.”
The Covenant is a public document signed by organisations in both the public and private sectors that promises that no member of the Armed Forces community should face disadvantage in their-day-to-day lives as a result of their missions overseas or the nature of service life and that in some circumstances, special treatment may be appropriate, especially for the injured and sick. Signing the Covenant involves making a realistic promise to bring about positive change for Defence people and London Stock Exchange Group is proud to join those who are making this happen.
Since the launch of the Armed Forces Covenant in 2013, members of the Armed Forces community such as service leavers, veterans, Reservists, Cadet Forces Adult Volunteers and their families have benefited from better access to mortgages and loans, fairer phone contracts, faster access to schools for children, greater access to housing, more networks of support and mentoring for the transition to civilian jobs, the chance to upskill and enjoy a second career, more flexible working conditions and greater support for military charities raising money for the injured and sick.
So far, over 1850 organisations in every part of the country have signed the Covenant and are working to create a positive environment for members of the Armed Forces community. And that number is set to grow fast. This isn’t just about doing what’s only right. It’s also about business ambition, because being Armed Forces-friendly means attracting and retaining an incredibly talented group of people who bring to the workplace the very skills that make organisations stronger: leadership, attention to detail, determination to succeed and resilience.
The financial industry has responded so far with energy and creativity and London Stock Exchange Group joins signatories such as banks and financial institutions including HSBC, the Royal Bank of Scotland, Nationwide as well as companies in other sectors such as BT, Carillion, Fujitsu, PwC, KPMG, Tesco, Vodafone, Deloitte and SMEs.
London Stock Exchange Group sets out to demonstrating its commitment by hosting a networking event for representatives from stand out employers who have been recognised with a Gold Award for setting a high standard for their support of our Armed Forces as well as military charities. These companies join London Stock Exchange Group for today’s signing.