*Pension & Investments, November 30, 2021 | Largest Investment Consultants Listing
Throughout our organization, we implement a mosaic of committees to integrate diversity, equity, and inclusion (DEI) practices into all aspects of our business model and investment process. The committees are structured to represent the diversity of thought among people of various racial and ethnic backgrounds as well as experience levels at Meketa. They are important to identifying and advocating best practices for the firm, overseeing diversity in our manager research process, maintaining and evolving our thought leadership, and connecting our communities and volunteer resources. See our Corporate Responsibility Report for more information on our internal committee structure.
More granularly, our internal DEI practices start with our hiring and recruiting processes where we have a diversity-focused internship program and enhanced recruitment from historically black colleges and universities, and diverse- and women-based organizations. These practices continue on through our employee retention efforts where we have implemented formal networking and mentoring programs, inclusivity training for all employees, including additional training for senior management, and a DEI learning library.
We have also established an employee resource group (ERG) program that currently consists of three employee-led, self-directed and voluntary groups:
We focus on supporting diverse-owned businesses and organizations that promote social equality.
Meketa supports local, racially diverse‑owned and operated, women‑owned and operated, and veteran-owned and operated businesses as well as organizations that promote social justice and/or underserved communities. Further, our employees frequently participate in Meketa-coordinated volunteer activities and charitable giving, which are often driven by our Annual Day of Service events and donation matching challenges. A sampling of organizations we have supported include:
We work to effect change and make the institutional investment industry more resilient, sustainable, and successful for participants.
In an effort to continue to include more diverse managers in our clients’ portfolios, we host semi-annual Public and Private Markets Emerging and Diverse Manager Research Days to broaden our exposure to small and diverse firms. These Research Days also include roundtable discussions that feature industry experts on topics pertinent to the success of emerging and diverse managers.
Meketa also reviews efforts of investment management firms to improve DEI within their organizations. We therefore evaluate and rate managers on their DEI practices, which we believe strengthens organizations and outcomes for clients. Results of our DEI Questionnaire are published annually.
Finally, Meketa is a founding member of the Institutional Investing Diversity Cooperative (IIDC) and the Investment Consultants Sustainability Working Group – US (ICSWG-US). We also actively participate in various industry organizations that seek to improve DEI in institutional investment, including:
Click through the links below to view our DEI thought leadership pieces and DEI-related news
October 2022 emerging and diverse manager roundtable discussion
2022 diversity, equity, and inclusion annual questionnaire results summary
April 2022 emerging and diverse manager roundtable discussions
Endowment and foundation 2021 annual newsletter
Sustainable investment portfolios, part I
October 2021 emerging and diverse manager roundtable discussion
Women in leadership virtual panel
April 2021 emerging and diverse manager roundtable discussion
LPs have ESG baked into decisions; managers must step up
October 2020 emerging and diverse manager roundtable discussions
Meketa’s Stephen McCourt participates in a TIDE interview
Meketa announces adoption of CFA Institute Diversity, Equity and Inclusion Code
Meketa’s 2021 corporate responsibility report
Meketa announces results of 2022 diversity, equity, and inclusion questionnaire
Meketa hosts inaugural day of understanding
Meketa announces initiative to evaluate and rate asset managers’ diversity efforts
Meketa joins CEO Action for Diversity and Inclusion
A day for democracy
Meketa’s diversity and inclusion action plan
Meketa’s thoughts regarding the turmoil we are all facing as Americans