Gender and Ethnic Diversity Make Impact Investing Profitable
By Coryanne Hicks
Impact investing is hot and only getting hotter. From reducing the carbon footprint of your portfolio to fostering women’s empowerment through gender diversity ETFs, investors are using their investment dollars to impact social and environmental change.
While the moral argument for impact investing is obvious, it turns out investing in companies with diverse boards of governance and leadership teams is also good financial sense.
Impact investing is profitable investing. More diverse companies perform better, according to findings by global management consulting firm McKinsey & Co.
Photo courtesy of Steven Depolo.