Partnering with firms that address social issues is more than just a feelgood story
Across the US, Black Lives Matter (BLM) protests have continued weeks after the death of George Floyd. Similarly in the UK, sizeable crowds have gathered at Trafalgar Square for consecutive weekends. In other parts of the world BLM protests may have subdued somewhat. However, the call for the end of systemic racism and gross inequality remains an important conversation. It is our view that asset managers should start lending their voice to the matter and acknowledge that we have a significant role to play in guiding companies to address the myriad of socioeconomic challenges SA faces.
As the country with the highest official income inequality in the world — as measured by the Gini coefficient — the harmful effects of socioeconomic discrimination are a real threat to social cohesion and inclusive economic growth. This is not a uniquely SA problem, as seen in the UN’s sustainable development goals (SDGs), which seek a better and more sustainable future for all. We consider the S...
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