The 'looking at your shoes' moment: Let's talk about race

The industry's wake-up call to end racism and boost diversity

Lauren Mason
clock
The #IAM Campaign saw leading industry figures taking a stand against racism
Image:

The #IAM Campaign saw leading industry figures taking a stand against racism

Black senior members of the asset management industry have urged colleagues and employers to start unpacking the BAME (black, Asian and minority ethnic) acronym, place more emphasis on race equality in their diversity & inclusion policies and to be more active in standing against workplace and societal racism, warning that "every single one of us is either part of the solution or part of the problem".

This comes less than three weeks after the murder of George Floyd, a 46 year-old black man who was murdered by a police officer during an arrest for allegedly using a counterfeit bill. On 28 May, three days after the killing, then-Franklin Templeton executive Amy Cooper threatened to call police after Christian Cooper - unrelated to her - asked her to put her dog on a lead in a wooded area of Central Park, New York, as it was against policy.  On phone footage taken by Christian, Amy then threatened to call the police and "tell them there is an African American man threatening my life"...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

Demand for key inputs will rise sharply, as nations look to accelerate their renewables programmes.
ESG

Greenflation: What are the drivers and how long will it last?

Metal price rises 'structural'

clock 12 August 2022 • 3 min read
Invests in companies with strong biodiversity credentials.
ESG

HSBC launches biodiversity screened ETF

SFDR Article 8

clock 11 August 2022 • 1 min read
Charles Radclyffe of EthicsGrade
ESG

Avoid the watermelons: Time to think differently about ESG

Focus on investor needs

Charles Radclyffe
clock 10 August 2022 • 4 min read
Trustpilot