BlackRock and Thomson Reuters Want People to Invest in Companies That Promote Diversity and Inclusion Practices
BlackRock, a global investment management corporation based in NYC, and Thomson Reuters, a Canadian multinational mass media and information firm, have collaborated to launch an exchange traded fund (ETF) to provide investors with a way to invest in companies that promote diversity and inclusion practices. The iShares Thomson Reuters Inclusion & Diversity UCITS ETF transparently and objectively ranks more than 2,000 publicly-traded companies globally, and will track an index of 100 companies that have the most diverse and inclusive workplaces. The Index embraces a broader spectrum of diversity dimensions and goes further than other indices in the financial segment which have tended to focus more narrowly on aspects such as gender. Companies will be measured by 24 metrics across four categories: diversity, inclusion, news and controversies, and people development. "Within our corporate culture, we do see the benefits of building and flourishing an inclusive organization. We've seen the financial benefits of doing so," said Elena Philipova, Global Head of Diversity at Thomson Reuters. “[Diversity’s] becoming vastly accepted that it's not coming at the expense of profitability. It's a prerequisite of profitability." More here.