NEPC was featured in a recent Pensions & Investments article delving into our 2022 DEI Progress – Part 1 and highlighted our new DEI Rating System. View the article on Pensions & Investments’ site here.
NEPC will launch a diversity, equity and inclusion rating system this week for the money management firms the Boston-based investment consultant and outsourced CIO provider vets on behalf of institutional clients.
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“It can be paralyzing trying to look at the entire industry and create an industry standard across all different principles — asset owners, investment consultants, asset managers,” noted Will Forde, partner and co-chair of NEPC’s diverse manager committee.
Instead, “we needed to get our own house in order and we’re starting inside the walls of NEPC and our client base,” said Mr. Forde.
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Mr. Forde said NEPC’s new ratings system could contribute to further progress on that score. “One of the benefits of the DEI ratings, moving forward … is that it puts the power of information back into the hands of clients,” he said.
“We have a myriad of different clients, we have a myriad of different opinions on how to incorporate DEI and other things into their investment process. DEI ratings give them the opportunity to look at their entire portfolio of managers, for us to provide our insights directly to … empower them to say, ‘this is important to us in this way’ and craft it how they see fit, or how they don’t, and so I think the DEI ratings … is really additive in this type of environment,” he said.
Click here to continue reading the full Pensions & Investments article.