Your super is powerful, the gender pay gap is real, the ethnic glass ceiling is real. Vote with you super and power companies that over index in Gender and Ethnic diversity. Feel good about your money in a few minutes.
McKinsey found that companies ranked in the top-quartile for the gender diversity of their executive teams were 21% more likely to have above-average profitability than those in the bottom quartile. What’s more, companies in the bottom quartile for diversity are 29% more likely to underperform their peers on profitability.
And it goes beyond gender, McKinsey found that ethnic diversity can have an even greater impact on company performance than gender diversity. Companies in the top quartile for ethnic and cultural diversity were 33% more likely to outperform their industry peers.
The underlying thesis of investing is that you diversify to protect your risk. If the businesses and investors are not diverse, if they are all male, all old, all white, is that not an issue?
The gender pay gap, the ethnic glass ceiling, the under-representation of LGBTQ across companies is as bad ethically as it is from a performance point of view.
A better world exists and we can vote with our money.
Get everything you’d expect, plus some wonderful things you wouldn’t from a super fund that truly has your best interests at heart. Locate your lost super and consolidate it in a click.