Assets Under Management: Managed by Fund Managers from Historically Marginalized Groups (II4910)

This metric is intended to capture the amount of the organization’s capital that is managed by fund managers from groups historically marginalized due to race and/or ethnicity. Organizations are strongly encouraged to set quantitative, time-bound targets on this metric as a percentage of Assets Under Management: Total (ID9608) and to disclose these publicly.

This metric applies both to fund managers within the organization (for direct investors) and to fund managers hired by the organization to manage funds (for indirect investors).

Organizations must footnote contextual definitions of marginalized groups. For example, in the United States, organizations might focus on Black, Indigenous, and People of Color (BIPOC). In South Africa, organizations might focus on Black African, Coloured, and Indian or Asian individuals. In all contexts, organizations must consider local history and context in their definition.

These data can often be collected from the human resources department, though for accuracy organizations should ensure that data on racial and ethnic background are self-reported.

Used along with Target Stakeholder Demographic (PD5752) to specify historically marginalized groups due to race and/or ethnicity, this metric aligns with the Corporate Racial Equity Alliance’s (https://corporateracialequityalliance.org/) Investor Blueprint for Racial Equity and its corporate-focused CEO Blueprint for Racial Equity (https://corporateracialequityalliance.org/2021-blueprint).