The ongoing conversations and industry-wide efforts to promote a more diverse, equitable, and inclusive investment industry are gaining momentum, and industry participants are making more commitments to advocate for change.
However, there is a need for a clearer definition of diversity and alignment between asset owners, consultants, and asset managers on the data used to measure diversity, equity, and inclusion. The change efforts are not solely reliant on asset managers, as some consultants and asset owners are making commitments to internal initiatives as well.
This paper discusses:
- The collective efforts on the entire investment industry ecosystem, including asset owners, consultants, and asset managers, to adopt and implement the standardization of diversity and inclusion data.
- The current state of diversity within asset management firms at both the ownership and portfolio management levels.
- How the use of D&I data will impact stakeholder decision-making, board member composition, and investment policies in the future.