Racial justice, long a defining social justice issue in the United States, is now more than ever a priority. Fundamental as it is, the struggle for racial justice has so far been limited in its access to certain tools; in particular, it has not always intersected with one of the main drivers of racial injustice: finance.
Yet capital allocation decisions affect racial justice dramatically. They are a root cause that is actionable right now: it is crucial for public and private capital to think about how investment decisions affect communities of color.
But how exactly does race manifest in finance, and how can the effects of capital allocations be shifted to favor racial justice? What can an asset owner committed to racial justice – whether a foundation or a pension fund – do to ensure that its investments are not acting at cross purposes?
Via this project, Transform Finance seeks to contribute to a broader racial justice agenda by exploring how investment decisions play a role in driving race-related outcomes and by informing, organizing, and empowering investors with concrete tools across asset classes.
We aim to spur progress in the following ways:
- By identifying the racial implications of investments and understanding, in particular, non-obvious racialized effects of investment decisions in each asset class
- By providing specific guidance to asset owners on steps to align capital allocations with racial justice values
A first convening of racial justice practitioners in New York on July 13, 2017 explored the potential of engaging with asset owners around racial justice, and grounded our work in the broader agenda for racial justice. Read our reflections on the conversation HERE.
Are you a social justice leader working on racial equity issues? Are you an investor wanting to learn more about how you can apply racial justice to your portfolio? Please reach out to us at firstname.lastname@example.org.
This program is supported by: