Cadent releases Annual Gender and Ethnicity Pay Gap Report for the first time

• Women in Cadent group to continue encouraging more females into STEM and field-based engineering roles.

 
Cadent, the UK’s largest gas network with over 6,000 employees, has this week released its Gender and Ethnicity Pay Gap Reports, with figures revealing a positive reduction in all key measurements. This is the first time the business has released ethnicity pay gap data and hopes that through increasing visibility of the insight annually, will help to drive a more inclusive and diverse workforce.
 
In 2017, new legislation meant that all organisations with over 250 employees would be required to publish pay gap reports annually, showing the difference in hourly rates of pay between groups of individuals, regardless of the work they do. The figures in Cadent’s report calculate the mean and median pay gaps, mean and median bonus gaps, the percentage differences of gender and ethnicities who are paid bonuses, as well as pay quartile breakdowns.
 
Key findings include:

• Ethnicity mean pay gap – 3.15% in 2022 vs 4.47% in 2021
• Ethnicity median pay gap – 4.68% in 2022 vs 9.11% in 2021
• Gender mean pay gap – 9.51% in 2022 vs 13.19% in 2021
• Gender media pay gap – 19.44% in 2022 vs 24.27% in 2021

 
Chief of Staff and ED&I Executive Sponsor, Ranjit Blythe, commented: “I’m proud of the work we’ve done over the past year, continuing to make an impact by prioritising what matters to our people and identifying opportunities to accelerate our progress. As Cadent’s ED&I Executive Sponsor, I welcome our proactive commitment to reporting ethnicity pay gap data annually and believe it will help tackle long-standing challenges that transcend our industry.”
 
Ranjit continued: “We know there is more work to be done to further reduce the gaps and will continue to work hard to build an inclusive workplace. From a gender perspective and from reviewing the data, we are aware that most of our female colleagues are office based and in conjunction with our active Women in Cadent community group, have several important initiatives in place to encourage more women into our field force.”

To view the full report visit