Achieving racial justice has become increasingly urgent over the last year, including in the eyes of many investors.
Events such as the killing of George Floyd in my hometown of Minneapolis, the growth of white supremacy in the US, and ongoing economic and social inequalities along racial lines all highlight the urgency of racial justice.
In the US, for example, the median black family has ~$3,500 in wealth, just 2 percent of the wealth of the median White family (~$147,000) . Housing remains segregated and the criminal justice system disproportionately targets people of color.
So how can you help clients invest for racial justice? There are a number of criteria you should look at when evaluating the racial justice impact of an investment, including:
Click here to read the full article by Ethos' founder Luke Wilcox in the Q1 2021 issue of ESG Factor.