Invesco Joins Inclusion Initiative

Global asset manager Invesco has signed up to a UK-based initiative recognising the role of investment firms in shaping an equitable and sustainable society via their processes and practices. The ACT (Action, Challenge, Transparency) Alliance was designed to identify and report on operational, social and governance factors that explicitly support progress on culture and inclusion by investment firms, and to create norms on these topics. Invesco, which has US$1.6 trillion AUM, was a founding signatory in May 2022 alongside nine other asset managers. “Corporate culture is increasingly becoming a key consideration when clients are evaluating managers and determining if they want to work with a particular firm or manager,” said Sachin Bhatia, Head of UK Pensions and EMEA Consultant Relations at Invesco. Members have been using the ACT Framework and Standard, developed by advocacy group City Hive, to construct structured disclosures which help to pinpoint good performance and areas for improvement. According to City Hive, the disclosure framework provides a standardised way for investment companies to understand, create, progress and communicate cultural change. Signatory firms are also contributing to a growing body of data on firm approaches and industry practice. “We are proud to have Invesco standing with us and supporting our mission to democratise access to investing and investments,” said Bev Shah and Mandy Kirby, Co-CEOs at City Hive. “Only by being transparent and honest about who we are can we build back public trust in the investment management industry.”

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