NEPC's 2022 DEI Progress Report - Part One: Marketplace

NEPC’s third annual DEI Progress Report provides insight into the firm’s 2022 DEI initiatives from a marketplace perspective.

This year’s report highlights the firm’s steady progress toward NEPC’s Diverse Manager Policy goals, which were initially set in 2019. This latest report is a direct reflection of NEPC’s view that diversity, equity, and inclusion drive sustainable success for clients, employees, and communities. Diversity helps unlock a wider range of talent and ideas, ultimately ensuring that investment teams are able to meet and achieve their investment goals.

Highlights from this year’s report include:

•  Client Exposure to Diverse Strategies
  • 59% of NEPC clients use Diverse Manager(s)
  • $40.4B of client’s assets with Diverse Firms
  • 182 client strategies managed by Diverse Firms

• Increasing Diversity in NEPC’s Recommended Strategies
  • Driven by the Explorer Program, a platform to identify and engage with diverse-owned and -led investment management firms that are not currently 1- or 2-rated by NEPC, the centerpiece of NEPC’s DEI program is the goal of achieving 15% Diverse Manager representation by 2024.
  • NEPC achieved its initial goal of 10% Diverse Manager exposure by 2022 for OCIO accounts and is on track to achieve 15% Diverse Manager exposure by 2024.
  • NEPC conducted 206 interactions with Diverse Management firms in 2022, more than 3X the interactions in 2019.

For more information about NEPC’s sustainable solutions like its Impact Investing Committee and Diverse Manager Committee, click here. To download the full results of NEPC’s 2022 DEI Progress Report, enter your information below: