Diversity, Equity & Inclusion
Robeco is committed to promoting diversity, equity and inclusion amongst its employees. We consider this to be a core value in the way we build our strategy, how we operate, how we recruit and how we shape our culture.
We strive to create a workplace that reflects our diverse communities, and where everyone feels seen, heard, valued, and empowered to succeed – regardless of gender, race, ethnicity, religion, disability, family responsibility, sexual orientation, social origin, age or experience. We are an inclusive workplace where best practice includes fair treatment, equal access to opportunity, collaboration and empowerment, and an emphasis on innovation.
Why we are committed
As our employees are our most valuable assets, having diversity, equity and inclusion embedded as core values in our organization is critical to our strength as an asset manager and our ability to deliver quality returns for our clients.
What’s more, our continued leadership in the field of sustainable investing is dependent on our ability to further promote these core values within Robeco. The values of diversity and inclusion are consistent with our philosophy of carefully considering all perspectives in our research, of fully using our valuable resources to meet challenges and of ensuring that we remain flexible, creative and innovative.
Moreover, as a global organization, we serve a diverse client base across multiple regions. Therefore, to better understand our clients, we strive to have an organization that is as diverse as our clients are. Diversity, equity and inclusion are also in line with our commitment to contributing to the Sustainable Development Goals, and to building a more sustainable future for our employees, clients and for society.
At every level of our organization
We believe, in order for it to be effective, a policy of promoting diversity, equity and inclusion needs to be driven from a strategic level. Therefore, these core values are determined by the firm's leaders, affirmed by managers, enhanced by employees, and guided by Robeco’s Diversity, Equity & Inclusion Committee (DE&I Committee).
Under the guidance of the DE&I Committee, managers at the most senior level are held accountable for fostering a culture of diversity, equity and inclusiveness, and of accelerating the pace of change.
The advancement of women into senior positions is a particular focus alongside the increase in representation and advancement of underrepresented minorities.
Robeco’s DE&I Committee is responsible for developing and evolving our overall strategy and policy for diversity, equity and inclusion, working with colleagues worldwide to establish and balance appropriate priorities, and to facilitate the various diversity initiatives around Robeco.
Furthermore, the DE&I Committee operates on the principle of acknowledging and tackling diversity, equity and inclusivity issues head-on. It aims to drive employee programs to empower inclusive talent and promote a sense of belonging and work-life balance.
Where do we stand?
Global workforce composition
Source: Robeco, 2021
Ratio male/female per level in the organization
Source: Robeco, 2021
In action: our journey
While Robeco works hard to achieve its ambition, we acknowledge that there is still work to be done to build a more diverse, equitable and inclusive organization. We therefore recognize that this is a journey and one which requires ongoing learning, evaluation and accountability. We are confident that each policy, process and program which we implement in this regard brings us closer to our goals.
Overall ambition
Our long-term ambition is to have a 50% gender balance in Robeco, because we want to reflect the diversity of the world in which we work. We strive for gender pay equity at all levels in the organization.
Targets
We realize that we need to set clear, ambitious targets supported by actions to ensure we move in the right direction and achieve our long-term ambition. Global targets are the beacons that guide us to our overall ambition. We therefore set the following gender diversity targets:
Executive Committee: 30% gender diversity
Senior professional and managerial level: 30% gender diversity
Professional level: 50% gender diversity
Ground
We strive for a broad diversity, in multiple ways, but we only set specific global targets for gender diversity as we can measure it and make it visible. It doesn’t exclude other relevant goals at lower and local level for other types of diversity. We believe that setting up targets for one minority creates the right ground to achieve diversity, equity and inclusion for other minorities.
A core part of our investment strategies
Robeco offers a Gender Equality Impact Equity strategy that targets companies committed to greater equal opportunities between men and women. This is backed by research which shows companies with higher proportions of women in management positions are more profitable in the long term, and therefore make better investments. It’s not just about the numbers of women – there is still a considerable gender pay gap, particularly in industries such as airlines of textiles which have disproportionately higher levels of either gender in certain roles.
A range of credits and equities strategies target the UN’s Sustainable Development Goals, two of which strive to reduce inequality. These are SDG 5 (gender equality) and SDG 10 (reducing inequalities), in addition to the more general SDG 4 (quality education) and SDG 8 (decent work and economic growth) which aim to educate, train and empower women and girls.
More generally, sustainable investing means integrating environmental, social and governance (ESG) principles into the investment process. Diversity forms part of the social element, particularly where it pertains to human labor, and governance regarding female empowerment at investee companies.