Thomson Reuters has launched a Diversity & Inclusion Index a new tool to help investors better understand the environmental, social and corporate governance (ESG) aspects of their investments.
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The index ranks the top 100 publicly traded companies globally with the most diverse and inclusive workplaces, as measured by 24 metrics across four key categories: diversity, inclusion, people development and news controversies. The index is then calculated by weighing each metric based on importance in the market and how each company compares with its peers.
‘Not only is diversity and inclusion a strategic objective for Thomson Reuters internally, but it also represents another step forward in our commitment to partner with clients to develop best practices in this space,’ says Patsy Doerr, global head of corporate responsibility and inclusion at Thomson Reuters. ‘Diversity and inclusion mean fostering a culture where diversity of thought, style, experience and approach is valued and nurtured so innovation can thrive.’
She says that over the next two decades, 70 percent of all assets globally – around $70 tn – will be managed by women and millennials. ‘That means there is much more pressure on impact investing, whether that be diversity and inclusion, sustainability or a community approach – but this focus is coming,’ she explains. ‘It will change the financial services industry in terms of financial analysis expertise, people’s understanding of this area and their appreciation of it. And they will need these types of tools to make those decisions.’
