Dubbed “Inclusive Futures,” the programme is a direct response to research conducted by Black Beyond Data, an initiative affiliated with Johns Hopkins University. The research delves into Lloyd’s historical connections to the transatlantic slave trade, presenting a nuanced perspective through an interactive digital exhibit titled “Underwriting Souls.”
Independently funded by the Mellon Foundation, it’s crucial to note that Lloyd’s exercised no editorial influence over the research findings. Black Beyond Data’s investigation sheds light on Lloyd’s pivotal role in facilitating the transatlantic slave trade and its impact on the economy. The venerable institution, with a history spanning over three centuries, emerges as a key player in a sophisticated network of financial interests and activities that underpinned these historical practices.
Bruce Carnegie-Brown, Chairman of Lloyd’s, said: “We’re deeply sorry for this period of our history and the enormous suffering caused to individuals and communities both then and today. We’re resolved to take action by addressing the inequalities still seen and experienced by Black and ethnically diverse individuals: which is why we’ve launched Inclusive Futures, a comprehensive programme of initiatives to help these individuals and communities progress from the classroom to the boardroom.”
Inclusive Futures includes a series of active interventions covering Lloyd’s recruitment, research, investments, charitable giving and more, spanning the next decade and beyond. The programme was shaped in consultation with Black experts and ethnically diverse colleagues across the Lloyd’s market to deliver meaningful, sustainable change in building a more inclusive marketplace and society.
Mark Lomas, Head of Culture at Lloyd’s, said: “We know we can’t undo the past: but we can do something about the inequalities we see today. Our programme is a starting point, and the proof will be in its impact – but we believe these interventions will make lasting, sustainable change in how the Lloyd’s market looks and feels for generations to come.”
Author: Joanna England
