The moment of urgency for advancing racial equity in investing is slipping away, without leading to the broader movement within the investment industry that many of us hoped for. While the brief window for action remains open, how do organizations, and particularly those working in the philanthropic and investment industry, create effective and lasting change that can last beyond this moment? Have new initiatives, like the $2 trillion Belonging Pledge, help put organizational policies and practices into place that will withstand leadership change, competing priorities, and the inevitable backlash to all things “ESG” that is already ascending?
We will discuss the process of aligning board and staff to embed racial equity within the Investment Policy Statement (IPS), the importance of racial diversity and belonging in key leadership roles, and the impact as well as limitations of public racial equity pledges and commitments. Join us for a conversation amongst practitioners about the underlying conditions needed, common pitfalls, and considerations for those embarking on the tough but necessary path of transforming organizations with a racial equity lens.