![]() The report showed there were more companies moving into the learner category in 2022, with 18% of firms entering this classification, compared with 5% on 2021.įour new firms, Anthemis Group, Blossom Capital, HSBC Strategic Innovation Investments and Unilever Ventures, joined the top 10 in venture capital this year, pushing out Kleiner Partners, Lightspeed Ventures, GGV Capital and Andreessen Horowitz. The key to unlocking this potential lies in the collation, analysis and distribution of EDI data.’ ‘This urgently needs to change not only to introduce more transparency into PE and VC, but also to equalise investment opportunities, unlock better returns for investors and create happier and healthier workplaces. The fact that 78% of the 282 organisations we reviewed are failing to reach basic EDI standards is shocking. ‘But there is still some way to go, which our data clearly highlights. Organisations across the globe have pledged to implement EDI practices and regulators have started to embed sustainable investment standards. Hephzi Pemberton, founder and CEO, Equality Group, said: ‘Equality, diversity and inclusion are firmly on the financial sector’s agenda. ![]() In venture capital, Stockholm-based Kinnevik took first place, with a score of 77%, and is followed by UK’s Bethnal Green Ventures, which had a score of 67%. There were no private equity firms in the highest classification, called ‘leader’, reserved for companies with a score of more than 70%. This means that they are classified as ‘levellers’ and although they demonstrate a commitment to EDI and have scored well, there is still room for improvement. US-based Advent International and Swedish EQT have been awarded first and second place in private equity, with a score of 65% and 61%, respectively. In private equity, out of 160 firms, 113 scored between 0% and 20%, and 17 got a score of 0%. Across 122 venture capital firms, 108 scored between 0% and 20%, while 20 scored 0%. There were 37 companies that scored 0%, which means that 13% failed to score anything across the Equality Group’s six core EDI categories. Based on a score from 0% to 100%, it places firms into one of four categories: laggard, learner, leveller and leader. ![]() The PE & VC Index, launched in 2021, measures EDI performance of firms based on a range of criteria using an organisation’s website, social media profiles, HR policies and reports. There is a slight improvement compared with 2021, when 91% were classed as laggards. The report, the second in a series, found that 221 out 282 private equity and venture capital firms, scored between 0% and 20% on equality, diversity and inclusion (EDI). Eight in 10 private equity and venture capital funds have been classed as laggards in terms of diversity and inclusion, according to the latest research conducted by Equality Group. ![]()
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