Perspectives

The first in a new Calvert series on gender diversity, this paper focuses on the historical background and driving forces behind improvements in the gender composition of the U.S. workforce from the 1940s to the 2020s. It also touches on how these trends apply generally to international markets.

In one sense, Climate Week 2022 in New York (September 19-23) was a return to a prepandemic normal. The city was back in full force, taxis were impossible to come by, and the roads, subway cars and sidewalks were packed even more than a typical week in September. Participation in the week's events was strong from local and global attendees, with the unique buzz that emerges when climate leaders in both the public and private sectors interface on solving the world’s most challenging issues.

Washington — Calvert has advocated for greater corporate workforce diversity for decades, and increasingly investors and corporate leaders are recognizing the value of diversity as a driver of financial performance over the long term. Recent events, including the COVID-19 pandemic and visible examples of police violence against Black people, have heightened public concern about racial equity, especially among young workers.

This paper outlines a promising path for understanding and quantifying corporate ESG impact through impact-weighted accounts — line items on financial statements designed to supplement traditional financial reporting.

Calvert has tested the relationship between the ethnic diversity of corporate boards and equity performance using data from 2012-2020.