London Stock Exchange Group signs pledge to support armed services and veteran employment

by

The Covenant aims to secure broader support for armed forces veterans and reservists' employment (Source: Getty)

​The London Stock Exchange (LSE) will today sign a covenant pledging its commitment to supporting the armed forces and veteran employment.

By signing, the LSE will commit to upholding the key principles of the government’s Armed Forces Covenant, pledging to support reservists and create career pathways through a Ministry of Defence (MoD) scheme.

A number of FTSE 100 companies such as BAE Systems, Marks and Spencer and Vodafone have signed the convenant, while more than 1,800 organisations have backed it in total. 

Read more: MoD strikes £271m Wildcat helicopter deal saving "hundreds of jobs"

The LSE's pledges will include being an armed forces-friendly organisation that values the skills military training and experience can bring, seeking to support the employment of veterans, of all ages, ​and endeavours to offer a flexibility in granting leave for service spouses. 

It will also promote that it is an armed forces-friendly organisation, advocating the armed forces to its business networks and encouraging support for the military community.

“The armed forces through serving members, veterans and their families play a key role in the defence of our country and, as an organisation,” said LSE chief executive Xavier Rolet.

“It is important for businesses, both large and small, to recognise the value of their contribution to the wider society and to ensure that members of the armed forces community do not face discrimination in the workplace.”

Read more: MoD failing to pay suppliers on time after bungled upgrade to IT systems

Defence minister Tobias Ellwood will co-sign the agreement and open trading on the exchange today.

Ellwood said: 

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.

Read more: The MoD's new £269m surveillance system deal is set to sustain UK jobs