The PRI’s new “Diversity, equity & inclusion: Key action areas for investors” calls on its institutional investor signatories to use their investment decision-making (e.g., DE&I screens or filters, capital allocation) and investor stewardship (e.g., corporate engagement, proxy voting, shareholder proposals), and to engage with policy makers and key stakeholders (such as NGOs, employee unions), to effect action on DE&I across their portfolio companies and society as a whole. The report reflects the beginning of a multi-year PRI initiative on this topic.
See the PRI’s release; “Principles for Responsible Investment Calls on Investors to Expand, Broaden Focus on DEI” (ESG Today); and last week’s report on the PRI’s push for its investors to exercise more robust oversight of their portfolio companies’ political activity (see “Corporate Political Activity”).
This post first appeared in the weekly Society Alert!