#ICantBreathe and Racial Justice: GenderSmart Response
1 June, 2020
Last update: 9 June
The events this past week—starting with the continued police brutality and murder of George Floyd—expose deep, pervasive, toxic, and systemic racism around the world. Structural racism and abuse of power are two forces that stand to undermine our efforts as individuals and as a community.
We believe that we have an urgent imperative to listen to and amplify the voices of those with something to say, to give space to those who want to learn, to grieve, to act in solidarity with those who are both on the front lines and working behind the lines, and to challenge one another to confront structural racism and abuse of privilege and power. We believe that effective convening is central to the goal of achieving justice; it helps to sharpen our focus and to inspire collective action by joining human and capital resources for greater influence. It is what we have been doing, in response to COVID, and now we are expanding the focus of the conversation.
GenderSmart commits to:
Amplifying black and POC voices within the gender lens and impact investing community - we can and will do better here
Reviewing all planned programming with an intersectional lens, and improving where necessary
Sharing resources and ideas to help investors use finance as a tool for racial equity
Identifying and sharing grantmaking and philanthropic opportunities to support the field of investing with a racial justice lens
Creating a space for investors to hold each other accountable and be transparent about what they are doing to help move the needle
GenderSmart is a global community of leaders, and the world will look to us to highlight pathways forward, resources necessary for progress, and thoughtful, strategic responses to current events at the level of every person, organisation, and network. We need every ounce of that leadership fully deployed.
Now is our time to show up.
In Solidarity,
Suzanne, Darian, and the GenderSmart Team
Photo by Clay Banks on Unsplash
Resources for Investors
Articles
Making Impact for Racial Equity: The Investment Industry Can and Should Do Better, Confluence Philanthropy, September 2019
Getting Real About Racial Equity Investing, Impact Alpha, July 2018
Racial Justice: What’s Investing Got To Do With It?, Boston Common Asset Management, December 2018
Daryn Dodson and Jennifer L. Eberhardt, Commentary: Fiduciary judgement, race and returns, Pensions & Investments, September 2019
Living Cities’ Racial Equity Journey: Organizing Within an Institution, Mission Investors Exchange, December 2019
Jasmine Rashid, The Financial Activist Playbook for Supporting Black Lives, June 2020
Morgan Simon, Congress Needs to Act Before Half of the US’s Black & Latinx-owned Small Business Close, Forbes, May 2020
Andre Perry and Nathalie Molina Niño, Planning For a Post-Coronavirus Economy Must Focus on Racial Inequities, Boston Globe, April 2020
Kristin Hull, An Investors’ Guide to Investing for Racial Equity, June 2020
Echoing Green, Meeting this Moment: Five Strategies to Move Forward Together, June 2020
Data, Tools and Reports
Investing to Advance Racial Equity: Practical Ways to Tackle Economic Inequality (pdf), Cornerstone Capital Group, 2018
It’s About Time: A Call to Advance Racial Equity in the Investment Industry, Confluence Philanthropy (pdf), 2019
Social Equity Investing: Righting Institutional Wrongs, Cambridge Associates, 2018 (pdf)
Driving Change: Diversity & Inclusion in Investment Management, CFA Institute, 2018
The Business Case for Racial Equity, W.K. Kellogg Foundation, 2018
Community Voices
Tracy Gray, The 22 Fund
Bahiyah Yasmeen Robinson, VC Include
Morgan Simon, Candide Group
Gayle Jennings-O’Byrne, WOCStar Fund
Lo Toney, Plexo Capital
Calvert Impact Capital
Patricia Farrar-Rivas, Veris Wealth Partners
Investment-Related Organisations and Initiatives Working to Address Racial Equity
Croatan Institute, Racial Equity, Economics, Finance, and Sustainability (REEFS)
Intentional Endowments Network (IEN), Diversity, Equity, and Inclusion (DEI) Working Group
UAW Retiree Medical Benefits Trust, Midwest Investors Diversity Initiative