Racial inequality must be addressed through economic means, with the financial industry taking more proactive steps to do so, said Gavin Lewis, author of The Opportunity Index and managing director at BlackRock.
"Those more impacted by inequality are not in the room when it is decided that it is an issue," said Lewis, speaking at the Sustainable Investment Festival yesterday (14 June). Recounting his decision to write a book on the problem of addressing racial inequality, Lewis said he and other black professionals were "exhausted from trying to drag the industry to where we felt it needed to be". SIF 2023: 'Messy internal culture' linked to lower investment returns However, he added: "When George Floyd was murdered, it made us pose a question: ‘Are we really making any difference?'" Le...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
