1、In collaboration with Bain however, there is significant room for the industry to make this a core and consistent part of how it manages its investments, as well as to witness demonstrable links to the financial upside. The social agenda has experienced the most growth in terms of focus from investo
2、rs in recent years, but it remains an area for which there is not yet a proven playbook for financial returns. COVID-19 coincided with, and indirectly contributed to, widespread protests and activism focused on racial equity in the US and across the world. Several investors have embraced this as an
3、opportunity to support broader social agendas through the evaluation of their own operations and those of their portfolio companies. Actions include providing training, maintaining a focus on diversity and inclusion (both within their own organizations and those in which they invest), partnering wit
4、h the public sector to provide funding or making targeted investments that support social goals. Blackstone, for example, has taken a firm stance to increase the diversity of its workforce. It has altered its recruiting strategy to cut back on hiring from investment banks, which have traditionally l
5、acked diversity, and expanded its on-campus recruiting. It recently announced plans to recruit from 44 schools this year, up from nine schools in 2015, including historically black colleges and universities, and womens colleges.9 Vista Equity Partners founder Robert Smith has also used his position
6、in the investor community to issue a broad call for the USs largest companies to donate or invest 2% of their earnings towards closing racial opportunity gaps across financial services, healthcare, telecommunications and other parts of the economic infrastructure that have historically underserved m