CFA Institute launches DEI code for investment sector

investmentweek.co.uk:

'CFA Institute is seeking to build a more representative and resilient industry, and we recognise that far more needs to be done across all aspects of DEI.'

The UK iteration of the code followed the launch of its American and Canadian versions last year — which has been adopted by 160 companies so far — and will be available to investment organisations of any kind and size looking to accelerate change by fostering a commitment to DEI.

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Signatory firms will commit to six principles designed to implement greater inclusion of viewpoints, leading to better investment outcomes, working environments and positive change for future generations.

The six principles are:

Signatories to the code will also have reporting requirements, which will see them provide a confidential, annual progress to the CFA Institute via the accompanying reporting framework. In turn, the CFA will report annually on industry-wide progress once a defined number of signatories has been reached.

Within two years of becoming signatories, companies will need to have an established senior leader ownership and oversight governance process; formal, written and publicly available communications on their DEI strategy, policy, commitments and objectives; and an implementation plan to integrate DEI throughout their organisation.

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«CFA Institute is seeking to build a more representative and resilient industry, and we recognise that far more needs to be done across all aspects of DEI,» said Margaret Franklin, president and CEO of the CFA Institute.

«We started with our DEI Code in the US and Canada, and our UK initiative is in recognition that DEI means different things to