ESG roundup: UK managers send stronger message on ethnic div

ESG roundup: UK managers send stronger message on ethnic diversity


By Susanna Rust2021-02-24T09:08:00+00:00
UK investment managers are looking to send a stronger message to boards about their ethnic diversity in this year’s season of annual general meetings (AGMs), according to updated Investment Association (IA) guidelines.
This year, IVIS, the IA’s voting service, will for the first time issue a so-called “amber-top” for FTSE 350 companies that do not disclose either the ethnic diversity of their board or a credible action plan to achieve the target of having at least one director from an ethnic minority background by 2021.
2021 is the first year for that target under the government-backed Parker Review.

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