Calvert CEO to Press Corporates on Racial-Data Reporting (1)

John Streur said his responsible-investing firm, one of the industry’s oldest, will make a greater push to press companies to publicly disclose data on racial diversity and expects to see transparency within the next 12 to 18 months.

Just 4% of U.S. companies in the Russell 1000 Index disclose information that’s part of the Equal Employment Opportunity Commission’s annual survey where employees are categorized by race, ethnicity and gender, said Streur, chief executive officer of $21.3 billion Calvert Research and Management. The issue will be catapulted to the top of the list of shareholder resolutions in the 2021 proxy-voting season, ...