Building a more inclusive investment industry with the AODC

We recently became signatories to the Asset Owner Diversity Charter (AODC) and members to its Consultant Taskforce.

What does this mean? 

The AODC is a collaborative initiative aimed at formalising a set of actions to which firms can commit to improve diversity across the investment industry.

As one of its core initiatives, the AODC has developed a questionnaire aiming to standardise complex diversity metrics, beyond just gender to improve disclosures. The AODC offers a valuable framework for standardised diversity, equity and inclusion (DEI) reporting, encouraging continuous improvement among firms. Standardising questions for managers is invaluable – it reinforces the industry's commitment to DEI and ensures consistent reporting. Using a common set of questions further reduces the resource burden on managers, allowing them to focus on implementing and improving DEI policies that can ultimately lead to real-world change.

What this means for us

Through its questionnaire, the AODC gives members the tools to engage meaningfully with asset managers on their DEI practices and, as signatories, we're committed to using it to promote the standardisation of diversity reporting from asset managers. We've also committed to being active members of the Consultant Taskforce, participating in quarterly calls to help shape the direction of the AODC and contribute insights from a consultants’ perspective. We’re excited to collaborate in the initiative and play a meaningful role in driving progress on DEI throughout the industry.

Initiatives like AODC are essential for fostering a more diverse and inclusive industry – something especially vital in today’s climate. An inclusive industry is a stronger, more dynamic one. At Hymans, we believe fairness and representation are crucial to the future success of our people, our clients and our firm. Our decision to join the AODC reflects our commitment to advancing transparency and accountability around DEI across the industry.

'We believe that the principles of DEI - fairness, respect and opportunity -  aren't just trends but core business requirements and DEI serves as the vehicle for businesses to achieve these goals.' - Jaid Longmore, Responsible Investment Consultant

For more information on our DEI ambitions and progress as a firm, please click here.

If you have any questions, or would like to discuss things further, please get in touch.

To find out more about the AODC, visit their website here. 

Listen to some of our Hymans experts chat with Helen Price, Co-Chair of the AODC here.