CAMRADATA Live tackles D&I in latest addition of the Asset Owner Diversity Charter

· Asset managers will have free access to the CAMRADATA Live database to explain their D&I approach

· D&I questionnaire created by working group of 20 leading industry stakeholders

CAMRADATA has expanded its online database, CAMRADATA Live, to capture data related to the Asset Owner Diversity Charter to help gauge where asset managers are on their diversity and inclusion (D&I) journey.

CAMRADATA believes that it is important to effect change, break down taboos and ask questions that make a real difference in society, which is why this data will be freely available to all asset owners and investment consulting firms.

Asset managers can also now populate their D&I data in CAMRADATA Live free of charge, providing asset owners with the information they need when conducting detailed due diligence on their providers and, critically, gain greater insight into how they are tacking D&I issues.

This enhancement is the direct result of a working group of 20 representatives from around 20 investment consulting firms, as well as Helen Price, Head of Stewardship at Brunel Pension Partnership, to agree a set of data that could be collected from asset managers to measure their progress on D&I.

This working group developed a questionnaire covering five sections: industry, recruitment, culture, promotion, and board/leadership. By asking both qualitative and quantitative questions, asset managers have the opportunity to provide information on their organisation’s approach as well as the actions they have taken.

CAMRADATA Live is constantly evolving and keeping pace with best practice in the industry, therefore capturing D&I data was the natural next step as well as including the ICSWG (Investment Consultants Sustainability Working Group) template for asset managers to demonstrate their approach at strategy level, on sustainability issues.

Helen Price, Head of Stewardship at Brunel Pension Partnership Limited, said: “The Asset Owner Diversity Working Group is driven to embed D&I within our industry. We have spent much time working in partnership with the institutional community and CAMRADATA to roll out the Asset Owner Diversity Charter questionnaire.”

“D&I isn’t a box-ticking exercise. Greater transparency will equip the industry to identify and break down barriers to progress. The charter questionnaire will be available for asset managers to populate, free of charge, within the CAMRADATA Live database.”

Price added: “Allowing time for managers to complete the question set, asset owners and investors will then be able to freely access this information. This will allow for consistent standardised data collection that enables our industry to evaluate D&I responses and actions on an ongoing and meaningful basis.”

D&I has become a key issue for asset owners in recent years, driving a need for reliable metrics that measure how senior management at asset managers are owning the issue and embedding it in the culture of the industry.

With more investors demanding greater insight into their asset managers, it is imperative that access to such data is efficient and easy. As a trusted data partner at the centre of the institutional investor community, CAMRADATA can use its leverage to effect change.

Through CAMRADATA Live, asset owners and investment consultants can explore a vast amount of data allowing assessment of more than 5,000 investment products offered by over 750 asset managers, making it a valuable resource for decision-makers.

For access to the Asset Owner Diversity Charter in CAMRADATA Live please click here