The MJ | The new (ab)normal?
30th May 2018 43 seconds read
New research conducted by Green Park reveals Institutional pension fund investors are increasingly determining investments based on the diversity of the corporate boards.
Three-quarters of institutional pension fund investors say the ethnic diversity of corporate boards is now a consideration when deciding their investment strategy.
While the research highlighted that six out of ten of mainboards in the FTSE 100 currently have no ethnic minority representation, over 70 per cent of pension fund investors believe ethnic diversity will be a key factor in determining an investment case by 2030.
In the past, UK pension funds have failed to drive diversity, with 50 per cent believing the reason for this is that they have not felt it their role to do so. However, 56 per cent believe that over the next 12 months, UK funds will be seeking to better the boardroom racial diversity of organisations they invest in through actively seeking to influence corporate policy.
This research was published in Pensions Age on the 24th of May, 2018. To read the full Pension Age article, click here.