Diversity Demands from NYC Pension Overseer OK’d at DuPont, Union Pacific
Similar proposals will land at other companies, including American Express and Procter & Gamble.
Tag: racism
Asset Allocation
Diversity Efforts at Private Equity Firms Have a Long Way to Go
More institutional investors are calling for equity and inclusion, but challenges remain in disclosures and transparency.
Asset Management Culture
Op-Ed: Investors Have More to Do If They Really Want to Help Address Systemic Racism
Capital allocators must understand the importance of supporting positive change that benefits their stakeholders and society at large, sustainable investing experts argue.
Consulting Firms Ask Asset Managers to Disclose Diversity Data
Verus and others have formed a diversity coalition as institutional pressure grows for greater racial equity.
Newsmakers
Chicago Pension President Decries Board’s Culture of Racism, Sexism
Jeffery Blackwell says he has ‘been on the receiving end of sabotage, intimidation, and racist comments’ from colleagues.
Asset Management Culture
Ford Foundation Doubles Racial Justice Funding to $330 Million
The investment comes from proceeds from the $1 billion social bond offering earlier this summer.
Asset Management Culture
Connecticut Treasurer and Ford Foundation Launch Diversity Coalition
A partnership of 14 firms representing about $460 billion in market cap is addressing racial economic disparities in their organizations.
Op-Ed: ‘Widening the Aperture’—A Key to Enhancing Minority Recruitment
A diverse talent pool can be accessed by expanding the recruitment process beyond finance-related fields, Northern Trust’s Abdur Nimeri writes.
Risk
Racial Injustice Will Have Greater Weight in ESG Scores, S&P Global Says
About 217 businesses in the S&P 500 have publicly supported the Black Lives Matter movement to show solidarity and protect their reputations. Question: How sincere are they?
Asset Management Culture
Mellody Hobson: Incentivizing Better Racial Relationships
Using investments to improve the world.
Alternatives
Racism Is an ESG Problem, Says Calvert CEO
The leader of the responsible investing group said investors must demand actionable outcomes from businesses.