Diversity, Equity & Inclusion
INVESTMENT PORTFOLIO
Why Invest In DEI?
This portfolio seeks long term capital appreciation by investing primarily in domestic equities. It invests in companies that have recognized leadership in diversity, equity and inclusion including race, gender, sexual orientation, disability, and age discrimination.
THE NEWDAY DIFFERENCE
DEI All Star Portfolio
The companies we invest in have won numerous awards for being leaders in their industry for best practices in diversity, equity and inclusion. We identify companies that are inclusive, impartial, fair, and provide equal opportunity regardless of race, faith, country of origin, sexual orientation, gender, age or disability.
Not Just Policy, but Practice
We select companies that understand how diversity, equity and inclusion are represented in the workplace and prioritized via hiring diverse members into employee ranks at every organizational level ensuring that all employees have equal opportunities for advancement.
High Concentration of Pure Plays
We construct portfolios to ensure that at least 50% of portfolio constituents are “pure plays” tied to the ESG theme. Every company in our portfolios has either a direct or indirect connection to the impact issue with which it’s associated, and every portfolio is connected to an impact NGO or nonprofit partner.
DIVERSITY, EQUITY AND INCLUSION AND THE SDGS
The Newday Diversity, Equity and Inclusion Portfolio helps achieve a number of the United Nations Sustainable Development Goals (SDGs), including:
- 4 – Quality Education
- 5 – Gender Equality
- 8 – Decent Work and Economic Growth
- 10 – Reduced Inequalities
- 11 – Sustainable Cities and Communities
- 16 – Peace, Justice and Strong Institutions
- 17 – Partnerships for the Goals
SAMPLE PURE PLAY HOLDINGS
- Industry leaders in fulfilling mission aligned Impact goals
- Competitive returns vs. non-impact alternatives
- Chosen based on proven ESG-ratings & scoring systems
1) Apple (APL)
Led by a member of the LGBTQ community. More than 60% of retail team members and 50% of retail leadership in the U.S. are from underrepresented communities. Women represent 35% of global team members and 38% of global leadership. Since 2020 Apple has pledged $100 million as a part of its racial justice and equity initiative.
2) Adobe (ADBE)
Minority CEO. Women represented 33.5% of employees, 26.1% of leadership roles, and 37.7% of new hires in 2020. Taking Action Initiative (TAI) to increase women in leadership positions to 30% globally and double representation of US Black and underrepresented minorities leadership positions by 2025.
3) Target (TGT)
Since 2019, Target has increased representation for POC in exempt roles by 15% and women of color in similar positions by 23%, while increasing the number of promotions for POC by 54%. Workforce is close to or above 50% women at all levels.
4) Kroger (KR)
Has a long history and tradition of hiring people with disabilities, especially serving customers on the front lines. Kroger’s targeted approach to supplier inclusion includes a goal to spend over $10 billion dollars annually with diverse suppliers by 2030.