Evaluation of our new approach to assessing regulators against our Equality, Diversity & Inclusion Standard

In 2023/24, we introduced a new approach to assessing regulators against our Equality, Diversity and Inclusion (Standard 3 of of our the Standards of Good Regulation)

We wanted to:

• raise our expectations for meeting this Standard, which had been set at a relatively low bar when it was introduced in 2019
• make our assessments more transparent and consistent, building on the improvements we made to our processes when we introduced our new approach to performance reviews from 2021/22
• do more to support regulators to make further improvements.