Windy City Media Group Frontpage News
Celebrating 30 Years of Gay Lesbian Bisexual and Trans News
home search facebook twitter join
Gay News Sponsor Windy City Times 2018-03-21
About WCMG Publications News Index  Entertainment Features Bars & Clubs Calendar Videos Advertisers OUT! Guide    Marriage



Morningstar hosts investing for equality discussion
by Carrie Maxwell, Windy City Times

facebook twitter pin it google +1 reddit email

Morningstar's Out@Morningstar employee resource group hosted an "Investing for Equality" discussion featuring Morningstar's Director of Sustainability Research John Hale and Trillium Management CEO Matthew Patsky Oct. 26 at its Chicago Loop headquarters.

The discussion, moderated by Editor Jeremy Glaser, focused on ways to invest that positively impact both the LGBTQ community and the world.

Out@Morninstar Co-presidents Mike Leung and Mike Wood explained the genesis of this event to the approximately 200 people in attendance.

Glaser showed an LGBT equality map to highlight the disparity between the states with only 14 states and Washington D.C. having ratings when it comes to LGBT legal protections while 28 states have low or negative ratings.

Patsky said the LGBT rights movement won equality largely due to corporate America moving the needle forward in terms of employee protections for, at first, LGB employees and later transgender employees. This happened well before some states enacted laws protecting LGBT people. Patsky noted how easy it was for companies to say yes to adding protections for transgender employees because of the earlier work to ensure that LGB employees were protected.

Glaser asked why LGBT concerns should be expanded into the investment realm.

Hale explained that it is normal to want to express ones values in terms of where they are investing their money including LGBTQ ( and other minority groups ) and environmental issues and investment firms are making it easier to do this. He said there are about 200 funds that fall under the socially responsible investing umbrella with 90 of them created in the past year and of those one is focused on LGBT issues ( the ticker is called EQLT ).

When looking at ones investment portfolio and tilting it toward companies that are doing good, Patsky said he has yet to meet an LGBT client who only cares about LGBT issues. He noted they also care about gender parity, racial equality and environmental issues. Patsky explained that Trillium asks companies what protections they have in place for LGBT employees as well as reproductive health benefits before they are deemed socially responsible companies for investment purposes.

Hale noted that if someone is interested in investing for equality they are also concerned with a whole range of issues they call sustainability issues or environmental, social and corporate governance ( ESG ) issues. He said early ESG adopters are generally good companies to make an investment in.

Glaser wondered if companies can/will do better on their own. Hale said shareholder resolutions are sometimes necessary to move the ball forward and used the recent ExxonMobil shareholders vote that called for the company to release their climate risk reports to the public.

In terms of what else people can do to financially support the LGBT community, Patsky said two ways are depositing one's money in local LGBT friendly banks and investing in community loan funds that are targeted toward the LGBT community.

Both Hale and Patsky emphasized doing research before investing, i.e. not picking the default on the 401k and 403b forms. Patsky said inertial and human laziness among investors keep investment firms and financial advisors from doing the right thing because most people need to be pushed in the right direction.

A Q&A session followed the discussion.

facebook twitter pin it google +1 reddit email

Windy City Media Group does not approve or necessarily agree with the views posted below.
Please do not post letters to the editor here. Please also be civil in your dialogue.
If you need to be mean, just know that the longer you stay on this page, the more you help us.


Gay News

Title VII, Where and why "sex" matters to LGBT employees 2018-03-21 - Lori Franchina worked as a rescue worker for Providence, Rhode Island, and for four years, everything was fine. Then one day, she was ...

Gay News

In Eastern Caribbean LGBT People Face Bias, Violence Under Colonial-Era Laws 2018-03-21 - ( Bridgetown, Barbados, March 21, 2018 ) — Discriminatory laws in Eastern Caribbean countries make lesbian, gay, bisexual and transgender ( LGBT ) ...

Gay News

Pritzker wins primary; Robinson makes history 2018-03-21 - J.B. Pritzker is getting what he wanted—a shot at the Republican nominee for governor in November. Meanwhile, Lamont Robinson made history as ...

Gay News

LGBTQ town-hall meeting March 28 2018-03-21 - The Association of Latino/as Motivating Action ( ALMA ) will host an LGBTQ town-hall meeting on Wed., March 28, 6-7:30 p.m., at the ...

Gay News

NATIONAL Pre-teen suicide, drag-queen situation, Truth Awards, Stormy Daniels 2018-03-20 - A 12-year-old bisexual boy in Mississippi committed suicide after allegedly being bullied for coming out, Gay Star News reported. Andrew Leach was found ...

Gay News

WORLD Councilwoman killed, gay whistleblower, medicinal vending machine 2018-03-20 - Rio de Janeiro Councilwoman Marielle Franco was killed March 14 after attending and speaking at a Black women's empowerment event in the city, ...

Gay News

Quigley Presses HUD Sec. Carson on LGBTQ Housing, Invites Him to Meet Chicago Advocates 2018-03-20 - WASHINGTON — Today, U.S. Representatives Mike Quigley ( IL-05 ), who serves on the Transportation, Housing, and Urban Development ( THUD ) Appropriations ...

Gay News

Carson Admits He's Ignoring Protections for LGBTQ People in Homeless Shelters 2018-03-20 - WASHINGTON — Today, the Human Rights Campaign ( HRC ) criticized Secretary Ben Carson's shameful admission that the Department of Housing and Urban ...

Gay News

Cecile Richards, Tarana Burke, Dreamers to Receive Civil and Human Rights Community's Highest Honor 2018-03-20 - WASHINGTON — The past year has marked a pivotal point in America's civil rights history, with women's rights, racial justice, and immigration occupying ...

Gay News

ELECTIONS U.S. Congress 6th Dist. candidate Carole Cheney 2018-03-19 - Carole Cheney, a former top aide to U.S. Rep. Bill Foster ( D-11th ), is running for the Democratic slot March 20 to ...


Copyright © 2018 Windy City Media Group. All rights reserved.
Reprint by permission only. PDFs for back issues are downloadable from
our online archives. Single copies of back issues in print form are
available for $4 per issue, older than one month for $6 if available,
by check to the mailing address listed below.

Return postage must accompany all manuscripts, drawings, and
photographs submitted if they are to be returned, and no
responsibility may be assumed for unsolicited materials.
All rights to letters, art and photos sent to Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago
Gay and Lesbian News and Feature Publication) will be treated
as unconditionally assigned for publication purposes and as such,
subject to editing and comment. The opinions expressed by the
columnists, cartoonists, letter writers, and commentators are
their own and do not necessarily reflect the position of Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago Gay,
Lesbian, Bisexual and Transegender News and Feature Publication).

The appearance of a name, image or photo of a person or group in
Nightspots (Chicago GLBT Nightlife News) and Windy City Times
(a Chicago Gay, Lesbian, Bisexual and Transgender News and Feature
Publication) does not indicate the sexual orientation of such
individuals or groups. While we encourage readers to support the
advertisers who make this newspaper possible, Nightspots (Chicago
GLBT Nightlife News) and Windy City Times (a Chicago Gay, Lesbian
News and Feature Publication) cannot accept responsibility for
any advertising claims or promotions.








About WCMG Publications News Index  Entertainment Features Bars & Clubs Calendar Videos Advertisers OUT! Guide    Marriage

About WCMG      Contact Us      Online Front  Page      Windy City  Times      Nightspots      OUT! Guide     
Identity      BLACKlines      En La Vida      Archives      Subscriptions      Distribution      Windy City Queercast     
Queercast Archives      Advertising  Rates      Deadlines      Advanced Search     
Press  Releases      Event Photos      Join WCMG  Email List      Email Blast     
Upcoming Events      Todays Events      Ongoing Events      Post an Event      Bar Guide      Community Groups      In Memoriam      Outguide Categories      Outguide Advertisers      Search Outguide      Travel      Dining Out      Blogs      Spotlight  Video     
Classifieds      Real Estate      Place a  Classified     

Windy City Media Group produces Windy City Queercast, & publishes Windy City Times,
The Weekly Voice of the Gay, Lesbian, Bisexual and Trans Community,
Nightspots, Out! Resource Guide, and Identity.
5315 N. Clark St. #192, Chicago, IL 60640-2113 • PH (773) 871-7610 • FAX (773) 871-7609.