Actions we are taking
Equity, diversity and inclusion due diligence
We tested a new framework with two new fund managers and benchmarked their equity, diversity and inclusion practice against a subset of our existing portfolio. We plan to embed this approach in all future investments.
Diversity data collection
We collect and report diversity data annually from across our portfolio. In 2023 we had a 87% response rate and are working work with the sector to develop best practise standards delivering on our systems change goals.
FCA proposal on diversity and inclusion
We contributed to the consultation and intend to set targets to enable us to voluntarily comply with the resulting recomendations.
In 2022 we asked 25 of some of the largest fund managers in our portfolio to share data on diversity within their organisations and, for the first time, also on their portfolio companies.
Below are the results from our 2023 survey. The dashboard reflects the data of 27 fund managers covering 77% of our portfolio by value. Overall, our portfolio of fund managers and social banks outperforms industry averages of organisations’ diversity, compared to the wider private equity and venture capital industry, where the data exists
Find out more about the methodology of the survey.