Note: We use “DEI” as shorthand for Diversity, Inclusion, Equity, and Belonging.
Written by Claire Veuthey and Stoddard Meigs, part of the Grassroots Diversity Advocates group. This is Chapter 3 of a larger playbook that is still a work in progress. Here are Chapter 1 and Chapter 2. We welcome feedback, comments, and suggestions for improvement. Please send them to firstname.lastname@example.org and email@example.com.
Bad organizational DEI is due to a combination of individual actions and institutional processes. If you want to improve your organization, you have to change both its people’s behavior and its processes.
In Chapter 1, we distinguished…
By now SRI/ESG/impact investing has been around a long time (yes, really.) Assets managed against ESG/impact mandates have grown at 14% CAGR since 1995. In 2020, US-domiciled ESG assets were estimated at $17 Trillion, or ⅓ of all managed assets. Ladies and gentlemen, we are past the tipping point.
When I started my career working at Innovest Strategic Value Advisors (now part of MSCI ESG,) I thought I’d forever work in a small, bright, ethical corner of finance. So much for “small”: the field has ballooned since I joined in 2008: ESG (environmental, social, and corporate governance) index funds hit $250 billion this year, or 20% of the US market.
For decades, the narrative has been that a profit-first mentality has stifled solutions to systemic problems. Increasingly, though, companies that fail to plan for a sustainable future are seen as a risky proposition. …
As noted in my first post, fintechs have rushed to fill in the gap between consumer expectations of banking and the often sad reality of banking. But what is banking, exactly? In this post I look at the overall market for consumer banking services, disaggregate the bank stack, and analyze the opportunities for fintechs in each layer of the stack.
Consumer expectations of banking have changed a lot — but traditional banks haven’t. Fintechs have rushed to fill in the gap. Big Tech has also tip-toed into offering services previously considered part of ‘banking,’ such as consumer credit, money transfers, and payments. Is this staid industry finally getting a tech-fueled comeuppance? Or will regulations designed for the past give legacy banks time to fight back?
Banking has changed; banks have not
Our idea of what a bank does, and who can do what a bank does, has expanded dramatically. Banking has surreptitiously gotten an upgrade, via services we used to…
This is Chapter 1 of a larger playbook (in progress) for those seeking to do DEI work at early-stage startups.
In Chapter 1, we cover:
There is no single definition of what a diverse organization’s demographic representation should be.
It’s useful to think about whether or not your organization is appropriately diverse in terms of what makes sense for the organization’s function…