Companies Considered for Investment: Led by Founders from Historically Marginalized Groups due to Race and/or Ethnicity (II8439)

Number of companies the organization considered for investment—that is, in the pipeline—during the reporting period that were led by founders from groups historically marginalized due to race and/or ethnicity.

Reporting Format Decimal
Metric Type Submetric
Metric Level Investing Organization
IRIS Metric Citation IRIS, 2022. Companies Considered for Investment: Led by Founders from Historically Marginalized Groups due to Race and/or Ethnicity (II8439). v5.3.

Footnote

Organizations should footnote all assumptions used, including locally relevant definitions of historically marginalized groups due to race and/or ethnicity.

Usage Guidance

This metric is intended to capture the number of companies in the organization’s investing pipeline during the reporting period that are led by individuals from groups historically marginalized due to race and/or ethnicity. To qualify, an organization's leadership must be at least 50% from historically marginalized groups due to race and/or ethnicity, defined by the organization within the local context (see following note). Organizations should count all companies in the pipeline at any point in the reporting period, regardless of whether or not investment or the investment process proceeded.
Organizations focusing this metric on groups historically marginalized due to race and/or ethnicity must define that group according to context. 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, when defining these groups, organizations must consider local history and context.
This metric aligns with the Corporate Racial Equity Alliance’s (https://corporateracialequityalliance.org/) Investor Blueprint for Racial Equity.

Related metrics

This is a submetric of Companies Considered for Investment: Total (II5202), which has 0 other related submetrics.

Impact Categories & Themes

SDG Goals & Targets

Metric History

June 2022 - IRIS v5.3 Released (current version)

New metric. Companies Considered for Investment: Led by Founders from Historically Marginalized Groups due to Race and/or Ethnicity (II8439) was developed via the IRIS+ Racial Equity Expert Subgroup.

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Footnote

IRIS Metrics Work Better in Sets