Principle 5: Implementation
Ensure the gender and JEDI investing approach has widespread buy-in and accountability is built in. This could involve a public commitment with clear goals, allocation volumes, and actions. It could also consider underlying policies and processes like recruitment, retention, and succession.
Actions: Investment Process
Shift the investment policy with clear gender and JEDI goals
Demonstrate the gender and JEDI investment commitment by outlining how allocation could: i) shift away from extractive sectors, ii) align with racial justice goals, iii) target racial justice funds and opportunities. You might want to design a targeted investment thesis around racial/social justice goals. These goals should be outlined in the investment policy statement, and other related materials.
Analysis
Morgan Stanley
Advancing Racial Equity Through Your Investments
Framework
REAL Framework
An analytical frame designed to bring justice to capital and promote shared prosperity for all stakeholder groups
Actions: Organisation
Create an inclusive culture
Build a more inclusive culture of belonging by providing safe sharing spaces and offering anti-bias, anti-racism training, and training in how to address everyday microaggressions.
Framework
Articulate the importance of JEDI to one’s organisation and how it aligns with core values.
This might involve writing a statement with specific goals and actions. Identify a core group of cross-functional senior leadership and other team members to set priorities and drive progress.