Detailed Diversity Is Hard to Find. Xponance Has a Solution.
The nonprofit’s Racial Justice Scorecard evaluates the alignment between public statements and actions on racial and environmental justice, racial justice-related donations, and the chief executive officer’s actions, among other things. Meanwhile, its workplace equity data measures recruitment, retention, and promotions of diverse talent and corporate transparency around workforce composition, pay equity, and other inclusion metrics. “We take a really detailed look at what these companies are doing and saying,” said Olivia Knight, racial justice initiative manager at As You Sow. “So many companies made statements after George Floyd’s murder. We wanted to look at what companies are actually doing.” The data can be used for both actively managed portfolios and developed into custom indexes for passive strategies, according to Xponance.