Advancing racial equity in investment management starts with each one of us. It is one of the best opportunities in our careers to increase organizational effectiveness, improve employee experiences and create a sense of belonging. The workplace transformation guide shares proven methods to start, maintain and further REDI efforts in our industry.
Carlos Rangel, vice president and chief investment officer at the W.K. Kellogg Foundation
This workplace transformation guide considers the state of racial equity, diversity and inclusion (REDI) for the investment management industry and shares insights, actions, common pitfalls and examples from leading organizations that are part of the Expanding Equity (EE) network.
The guide recommends actions companies can take, organized by the four pillars – or areas of opportunity – of the EE program, where the investment management industry can advance REDI, including a mini-case study from a peer company.:
- Attract – Attracting and hiring professionals of color into the company to increase representation at all levels of the organization
- Case study from Värde Partners on creating entry-level pathways
- Belong – Ensuring that all professionals, regardless of racial/ethnic group identity, feel respected and can be successful
- Case study from KKR on launching an inclusion network and expanding an Inclusion & Diversity Council
- Promote – Ensuring that professionals of color feel supported and have equitable advancement opportunities
- Case study from BlackRock on implementing a sponsorship program for Black and Latinx managing directors and directors
- Influence – Advancing racial equity through an organization’s products, services or relationships in the industries and communities in which it operates
- Case study from Vista Equity Partners on launching an external board program to source diverse board candidates for its portfolio companies