This Week in ESG and Impact Investing

In a recent episode of the Daily Show, anchor and host Charlamagne expressed a lack of faith  in the use of DEI programs in America. Charlamagne explains how he believes DEI is a front for companies to feign diversity-mindsets while maintaining predominantly white employee populations.  He gives the example of Nike who encourages diversity but has a completely white board of directors. His main qualm with this is that DEI is just serving as corporate PR, even going on to explain how DEI programs can act as evidence in a corporation’s favor when facing a civil rights lawsuit. Charlamagne is warranted in these beliefs; the world of corporate DEI is often lacking integrity and authenticity.  Where he is wrong, however, is the conclusions he draws from them.        Charlamagne claims that DEI is mostly ‘garbage’. He states that over 900 studies have shown that DEI is ineffective. He does not provide sources for these studies or mention any specifics. (Forbes Magazine not...