The Workplace Equality Index™ is a stock index that includes many of America’s leading equality-minded corporations. It consists of publicly-traded companies that support lesbian, gay, bisexual and transgender (LGBT) equality in the workplace. Companies in the Index must score 100% on the Human Rights Campaign Corporate Equality Index or, if not found in the Corporate Equality Index, have the verifiable characteristics that would earn them such a score.
The screening criteria generally include mandatory language in a company’s equal employment opportunity (EEO) statement prohibiting discrimination based on sexual orientation and gender identity, offering health benefits to same-sex partners or spouses of employees, along with other corporate benefits and privileges. Other screens are performed with the goal of eliminating companies that would detract from the Index such as companies in bankruptcy or reorganization. Stocks of the companies in the Index are equal-weighted, typically with a market capitalization larger than $250 million. The Index is reconstituted with additions and deletions once a year, and rebalanced to equal weight at the end of every quarter.
The Workplace Equality Index™ was created by Denver Investments at the request of its clients and incepted in 2001. Since its founding in 1958, Denver Investments has managed assets for a broad array of institutional and individual investors. Its capabilities include over 15 years’ experience managing portfolios for foundations and individuals that choose to allocate investments in securities of companies that support the LGBT community.
Learn how to invest in an exchange-traded fund (ETF) designed to track the performance of the Workplace Equality Index™.