Schroders joins Business Leaders, Connecticut State Treasurer and the Ford Foundation in a Coalition to Address Economic and Racial Disparities
Asset manager Schroders announced it has joined a coalition of CEOs, convened by the Connecticut State Treasurer and the Ford Foundation, aimed at advancing racial and economic security and opportunity both within and outside of their companies. The coalition, representing multi-billion-dollar industries, will establish long-term, measurable commitments that address the need for deep, structural changes in order to advance social change, racial justice and greater economic prosperity for all.
Schroders and other members of the corporate call to action working group will work to increase diversity at all levels of their own organizations, as well as take actions against the root causes and effects of systemic racism, such as investing in minority-owned businesses and communities and diversifying supply chains.
Marc Brookman, CEO of Schroders North America, said:
“Although the pandemic and protests against systemic racism have brought socio-economic and racial inequality into the spotlight, change is long overdue, and America’s largest companies have an obligation and an opportunity to use their resources to address the biggest needs facing our country and its communities of color. Schroders and I are proud to join forces with the Connecticut State Treasurer, the Ford Foundation, and leaders across the asset management industry to collectively work toward a more just society for all.”
Companies participating in the working group represent more than 375,000 employees, $460 billion in market capitalization and approximately $21 trillion in assets under management. To date, two virtual convenings have taken place, on August 5th and September 18th, and have included Schroders and the following companies. Over time, the Connecticut Office of the Treasurer and the Ford Foundation will incorporate additional businesses into this coalition:
- AllianceBernstein L.P.
- Bank of America
- BlackRock
- Bridgewater Associates
- Invesco Ltd.
- Franklin Templeton
- Goldman Sachs
- State Street Global Advisors
- Teachers Insurance and Annuity Association of America
- The Hartford
- Rowe Price Group, Inc.
- UBS Americas Holding LLC
- Vista Equity Partners
For further information, please visit the official press release here.
Media Contacts
Jennifer Manser, Head of Marketing & Communications, Americas at Schroders
212-632-2947
Jennifer.Manser@schroders.com
Katherine Segura, Prosek Partners
646-818-9266
Pro-schroders@prosek.com
Note to Editors
Schroders plc
As a global investment manager, we actively and responsibly manage investments for a wide range of institutions and individuals, to help them meet their financial goals and prepare for the future. The world is forever changing, and with our clients at the centre of everything we do, we understand the need to continue to adapt and evolve our business in line with what matters most to our clients today, and in the future.
Our ongoing success is built on a history of experience and expertise, whereby we partner with our clients to construct innovative products and solutions across our five business areas consisting of Private Assets & Alternatives, Solutions, Mutual Funds, Institutional and Wealth Management and invest in a wide range of assets and geographies. By combining our commitment to active management and focus on sustainability, our strategic capabilities are designed to deliver positive outcomes for our clients.
We are responsible for $649.6 billion* assets of our clients, managed locally by 42 investment teams worldwide. As a global business with over 5,000 talented staff across 35 locations, we are able to stay close to our clients and understand their needs. We have over 200 years of experience in investment and innovation and remain committed to creating a better future by investing responsibly for our clients.
Further information about Schroders can be found at www.schroders.com/us.
*as of June 30, 2020
The Office of the State Treasurer
Under the leadership of Connecticut’s State Treasurer Shawn T. Wooden, the Office of the Treasurer is dedicated to safeguarding the state’s financial resources and taxpayers’ dollars, while maximizing returns and minimizing risks for pension beneficiaries and operating at the highest professional and ethical standards. Through investments and cash management, the office continues to enhance the state’s fiscal stability, financial literacy, college savings, and its approach to leveraging business partnerships to combat social issues such as gun violence, climate change, and equal opportunity for economic growth. Learn more about the Office of the Treasurer here and follow along on Facebook, Instagram and Twitter.
The Ford Foundation
The Ford Foundation is an independent, nonprofit grant-making organization. For more than 80 years it has worked with courageous people on the frontlines of social change worldwide, guided by its mission to strengthen democratic values, reduce poverty and injustice, promote international cooperation, and advance human achievement. With headquarters in New York, the foundation has offices in Latin America, Africa, the Middle East, and Asia.
Important Information:
Schroder Investment Management North America Inc. (“SIMNA”) is an SEC registered investment adviser providing asset management products and services to clients in the US and Canada. Schroder Fund Advisors LLC (“SFA”) is a wholly-owned subsidiary of SIMNA Inc. and is registered as a limited purpose broker-dealer with FINRA and markets certain investment vehicles for which SIMNA Inc. is an investment adviser. SIMNA Inc. and SFA are indirect wholly-owned subsidiaries of Schroders plc, a UK public company with shares listed on the London Stock Exchange. Further information about Schroders can be found at www.schroders.com/us or by calling (212) 641-3800.
The views and opinions contained herein are those of Schroders' investment teams and/or Economics Group, and do not necessarily represent Schroder Investment Management North America Inc.'s house views. These views are subject to change. This information is intended to be for information purposes only and it is not intended as promotional material in any respect.