This webinar is part of IEN’s Investing in Racial Equity Series
Date: Tue, July 13, 2021, 1:00 p.m. ET
Tynesia Boyea-Robinson, CEO of CapEQ, will lead participants through how best to integrate racial equity into the field of impact investing. The conversation will be guided by practical lessons from a variety of industries to help participants understand why we need to apply a racial equity lens to impact investing, and how that can be done.
Participants will collectively examine the three strategic investment goals that drive racial equity: Power, Risk and Justice, and understand current approaches to investing in and measuring progress towards these goals. Through an interactive conversation with Tynesia, investors will also have a chance to think through a set of metrics that they can start to apply within their portfolios.
Racial disparities in business and finance are stark: 40% of the US population are people of color, but they represent only 20% of businesses with employees. The average white-owned business has over $18,000 in equity at founding, but the average Black-owned business has only $500. And only 1% of total global AUM are managed by Black people.
Impact investing as an industry has begun to solve some of these issues, but many of the systemic problems of investing have been replicated by the impact investing field. While impact investing has made great strides around ESG considerations, racial equity and racial justice has not been a major focus of the industry until recently. And this lack of a racial equity lens leaves money on the table: if 15% of Black-owned businesses were able to hire one more employee, the American economy could grow by $55 billion.
This session will engage participants to think about the financial benefits of integrating racial equity considerations into their investment decisions and key equity factors that should be included in the overall approach.
Recording:
Resources Shared:
- Investing in Racial Equity: A Primer for University and College Endowments | IEN
- Diversity in Action: The Framework | Institutional Limited Partners Association
- Path to 15 | 55 : a path to grow at least 15% of black businesses, create 600,000+ new jobs and add $55 billion to the US economy
- Rockefeller Brothers Fund's DEI approach
- The 2021 CEO Blueprint for Racial Equity: what companies can do to advance racial equity and combat systemic racism in the workplace, communities, and society | PolicyLink, FSG and Just Capital
- Due Diligence 2.0 Commitment
- Impact America Fund & Jacmel Growth Partners : two organizations that are good examples of different approaches to investing for justice
View recordings of other webinars and workshops hosted as part of our Racial Equity Investing series here.