“We have a gender equality fund, which has dispersed $64 million in 80 countries to projects focusing on gender equality and gender empowerment,” Falth told a standing room only group of some 300 women.
We Empower UN Women will introduce its own scorecard in March 2019.
“It brings all the global scorecards, such as the Equileap ranking, along with certification schemes and inputs them into one platform, which will then be shared with advisors,” said Faith.
We Empower UN Women is funded with some $500 million annually to research gender equality while Glenmede is a $40 billion independently owned wealth management fund.
“ESG momentum is a characteristic that we’ve employed just for our ESG and Women in Leadership strategies and it has become so predictive of a company’s profitability that we have put them into our regular large cap strategies,” said LaRosa.
ESG momentum is an indicator of potential progress.
“If a company has a score and it’s not the highest on the ranking but it’s a score that’s improving, it’s usually a good sign of how the company will behave in the future and the profitability of that firm,” LaRosa said.