Social Equity Goals

Endowment Goals

  • Commit to discussing social equity at the next investment committee meeting  to have conversations necessary to assess how your investments provide solutions to or perpetuate racial, gender, and other forms of inequality.
  • Conduct bias training as perceptions of race and gender can inform both business and investment operations through hiring and retention, manager selection and risk assessment
  • Diversify the Board and the Investment Committee to bring in new insights, spur new approaches and expand networks - gender, culture and race diversity
  • Update your Investment Policy Statement to reflect your diversity and inclusion (D&I) priorities 
  • Engage with consultants or ask your asset and investment managers about their approach to internal D&I and how they factor race and social identity into their economic projections      
  • Ensure that institutions they bank with  provide financial services to help low-income, low-wealth, and other disadvantaged people in their communities or Bank with a Community Development Financial Institution (CDFI) .
  • Engage with companies as a shareholder on issues that relate directly to diversity, equity, and inclusion such as those requesting that companies connect executive pay to diversity and inclusion related outcomes.  (see company goals for other engagement focus)
  • Offer internships in the Investment Office for underrepresented students to aid in diversifying the financial management and investment field, and/or create a student-managed fund focused on diversity and inclusion of the team as well as investment strategy. 
  • Develop partnerships with groups that are helping to expand the ability of women and minorities to learn about and participate in financial management and investment.
  • Use investor voice to advance public policy that addresses inequality through investor statements, public comments, and collective action, advocate for policies that seek to reform and eliminate systemic racism, wealth, and gender inequality in law and public policy.
  • Take a holistic approach to addressing inequality recognizing the intersectionality with climate change and environmental issues, and the many social factors related to inequality (jobs, health, education, food justice, etc.)  

Consultants Goals

  • Keep social equity on the agenda of Board and senior management meetings to have conversations necessary to assess how your investments provide solutions to or perpetuate racial, gender, and other forms of inequality.
  • Conduct bias training as perceptions of race and gender can inform both business and investment operations through hiring and retention, manager selection and risk assessment
  • Diversify your own organization’s Board, senior management, and staff with specific time-bound targets to bring in new insights, spur new approaches and expand networks
  • Create a Diverse Asset Managers program that includes evaluating your due diligence process to address implicit bias and other barriers that may be limiting the number of diverse managers that are included on recommended lists; has specific annual targets for percentage of recommended managers and provides feedback to managers as to why they were or were not selected. 
  • Advance learning and action on social equity with your clients to ensure they understand the portfolio and systemic risks of inequality and investment opportunities for advancing social equity. 
  • Include the impacts of inequality on the economy in your market research.
  • Work outside traditional networks to offer internships and mentorships in the Investment Office for underrepresented students to aid in diversifying the field
  • Develop partnerships with groups that are helping to expand the ability of women and minorities to learn about and participate in financial management and investment.
  • Use investor voice to advance public policy that addresses inequality through investor statements, public comments, and collective action, advocate for policies that seek to reform and eliminate systemic racism, wealth, and gender inequality in law and public policy. 
  • Take a holistic approach to addressing inequality recognizing the intersectionality with climate change and environmental issues, and the many social factors related to inequality (jobs, health, education, food justice, etc.)  

 Investment Manager Goals

  • Keep social equity on the agenda of Board and senior management meetings to have conversations necessary to assess how your investments provide solutions to or perpetuate racial, gender, and other forms of inequality.
  • Conduct bias training as perceptions of race and gender can inform both business and investment operations through hiring and retention, manager selection and risk assessment
  • Diversify your own organization’s Board, senior management, and staff with specific time-bound targets to bring in new insights, spur new approaches and expand networks
  • Integrate the impacts of inequality into your investment philosophy across asset classes, sectors, and themes.  
  • Engage with companies as a shareholder on issues that relate directly to diversity, equity, and inclusion such as those requesting that companies connect executive pay to diversity and inclusion related outcomes. (see company goals for other engagement focus)
  • Bank with a Community Development Financial Institution (CDFI) which offers endowments cash or fixed income- like risks and returns while providing financial services to help low-income, low-wealth, and other disadvantaged people in their communities.
  • Work outside traditional networks to offer internships and mentorships in the Investment Office for underrepresented students to aid in diversifying the field
  • Develop partnerships with groups that are helping to expand the ability of women and minorities to learn about and participate in financial management and investment.
  • Use investor voice to advance public policy that addresses inequality through investor statements, public comments, and collective action, advocate for policies that seek to reform and eliminate systemic racism, wealth, and gender inequality in law and public policy.
  • Take a holistic approach to addressing inequality recognizing the intersectionality with climate change and environmental issues, and the many social factors related to inequality (jobs, health, education, food justice, etc.)  

Company Goals

  • Goals for shareholder engagement:
    • People of color on Boards, senior management (#s, %)
    • Racial and gender pay gap (% off parity) 
    • Tying DEI goals to financial compensation for senior management 
    • Living wages (regional living wage standards)
    • Worker Voice: Support initiatives that elevate worker voice
    • Mentorship programs
    • Internship programs
    • Policies - anti-discrimination, community engagement, fair compensation, diverse representation
    • Worker Voice: Support initiatives that elevate worker voice (representation on boards, support for worker led cooperatives, etc)

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