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Diverse ethnic teams are more likely to generate better returns
Diversity, equity and inclusion (DEI) issues are human rights issues, and should be viewed by investors with “as much importance as they view climate issues”, according to a new report from the Principles for Responsible Investment (PRI).
The report, entitled Diversity, equity & inclusion: Key action areas for investors, found that reliable and diversified investor returns rely on strong economic performance overall, which in turn is dependent on a diverse society in general. It said that, while gender diversity has commanded the most focus from the investment industry to date, a renewed focus on intersectionality across the spectrum of diversity issues is now "vital". BNY Mellon IM calls for 'inclusive investment' as research reveals women could invest $3.2trn more The report found that, from a business perspective...
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