Gender Pay Gap Report – UK

Anglo American is a global mining business, headquartered in the UK, and the majority of the senior leadership team is UK-based. The gaps shown below are largely attributable to the fact that more men than women are working in more highly paid, senior roles.

At the snapshot date of 5 April 2024, Anglo American Services (UK) Limited comprised of:

• A UK workforce of 458 employees of which 45% were men and 55% were women;
• Despite the restructure, there has been an improvement in gender balance year-on-year. Still the senior management population was made up of a substantially higher proportion of men (63%) than women (37%);
• A 31% mean and 24% median UK hourly pay gap is reported. (2023: 32% mean and 23% median)

Metric 3 ranks Anglo American’s 458 UK employees’ hourly pay from lowest to highest and then splits the number of employees into equally sized groups.

This chart shows that there has been a marginal decrease in the lower quartile with increases in the remaining quartiles of pay for women since 2023. Proportionally there remains more male employees than female employees in the higher pay quartiles

Anglo American’s UK performance pay schemes operate irrespective of gender, with the majority of UK employees eligible to receive variable bonus pay during the year. 2024 saw 89% of male and 90% of female employees receive a bonus, increasing equally for both genders since 2023.

The factors driving the bonus pay gap are the same as for the hourly pay gap shown in metrics 1 and 2, being the imbalanced gender composition across the more senior roles in our UK headquarters. Variable performance pay structures for the most senior employees differ from those of the wider workforce, thereby further widening the gap. The continuing trend of a decreasing mean and median bonus pay gap for 2024 reflects the increasing proportion of female employees in more senior roles, recognising there will be a lag given the vesting period for bonuses.