Principle 4: Intentionality
Define the baseline and then set progress goals and a bigger vision around JEDI’s transformative potential for results and/or impact. Existing structures, processes and resources may not permit a fully integrated JEDI approach: the key is to get started.
Actions: Investment Process
Define clear and transparent gender and JEDI investing goals
JEDI investing goals should be clear, measurable and timely. For example, increase representation on the board from 25% women to 75% women and under-represented groups in 5 years.
Case Study
Rockefeller Brothers’ Foundation
Gender and Racial Equity Lens (GREL) Investments
Draper Richards Kaplan Foundation
Taking active, intentional steps to broaden the racial/ethnic and gender representation of the portfolio
Acknowledge that JEDI actions can both inward and outward- facing
Investment allocators can address both how capital gets allocated, and the organisation’s own JEDI work in any action plans.
Resource
Actions: Organisation
Define goals around key activities
A review of current supply and procurement policies might uncover that only 2% goes to underrepresented businesses, or that the ratio of diverse portfolio companies is only 10% of the total. The investment firm could set a goal that in five years, 25% procurement will happen through those businesses, or that in three years, the target around shifting the gender and diversity ratio of the portfolio companies will double.
Resource