27four has unveiled South Africa’s first benchmarking framework on Wednesday aimed at measuring diversity, equity, and inclusion (DEI) within the local asset management industry. The 27four DEI index provides a structured methodology for assessing DEI across five key dimensions: ownership, representation, equity, impact, and governance.
‘Aligned with global standards, the index positions DEI as both a social and economic imperative. It not only provides a standardised framework for asset managers to evaluate their DEI performance but also serves as a tool for investors to screen asset managers based on DEI criteria,’ 27four’s CEO Fatima Vawda said in a media release.
The launch of the DEI Index represents an evolution from 27four’s earlier work through the BEE.conomics Annual Transformation in South African Asset Management survey, which began in 2009. This survey had been instrumental in raising awareness about the participation of black individuals and women in asset management while serving as a reliable source of data on industry transformation, according to the statement.
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