Value of the investing organization's assets under management deployed to communities that are predominantly populated by groups historically marginalized due to race and/or ethnicity as of the end of the reporting period.
Value of the investing organization's assets under management deployed to communities that are predominantly populated by groups historically marginalized due to race and/or ethnicity as of the end of the reporting period.
Organizations should footnote all assumptions used, including locally relevant definitions of historically marginalized groups due to race and/or ethnicity.
This metric is intended to capture the amount of capital managed by the organization that is invested into communities in which a majority (51%) of individuals are from groups historically marginalized due to race and/or ethnicity as defined locally.
Organizations must footnote context for this metric. For example, in the United States, organizations are encouraged to use data at the zip code level to determine which areas are home to majority Black, Indigenous, and Person of Color (BIPOC) populations. In South Africa, organizations could define "community" as a district or municipality and might focus on communities that are home to many Black African, Coloured, and Indian or Asian individuals.
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).
June 2022 - IRIS v5.3 Released (current version)
New metric. Value of Investments in Communities Historically Marginalized Due to Race and/or Ethnicity (II6610) was developed via the IRIS+ Racial Equity Expert Subgroup.