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In Breaking Good, we’ve often noted that companies with higher gender and racial diversity rates among their staff and leadership tend to outperform. And with the growth of ESG focused funds and investing, outperformance leads to increased investor interest — with the caveat that diversity data transparency is a must.

The tricky part, however, is that diversity data is often hard to find, even in companies that have embraced ESG. Many diversity-related factors fall under “Social” and others — like the diversity of a company’s board — fall under “Governance.” For the growing number of investors who prioritize diversity, current ESG score systems bury the lead.

Would an ESGD score ensure diversity gets the attention it deserves? In Forbes this week, Jean Case looks into whether that additional letter could keep the diversity data disclosures coming and help set an appropriately high bar for companies to clear.

On Sunday, Maia Chaka became the first Black woman to officiate an NFL game. She is only the third woman in history to become an on-field official.
Diversifying Startups and VC Power Corridors
We have the opportunity to foster further innovation by increasing diversity in the startup ecosystem. While there’s no perfect solution, there are steps that founders, VCs, and limited partners can take to be changemakers in this space.
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Harvard Will Move to Divest its Endowment from Fossil Fuels
After facing years of pressure, America’s oldest university declared it will fully divest from fossil fuel companies. Harvard promised no future endowment investments, directly or indirectly, and the ones that remain are being wound down.
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The New C-Suite
Big congrats to our former grantee, digitalundivided on this partnership with Cosmopolitan! They just published their inaugural class of “The New C-Suite.” This annual initiative shines a light on and supports women of color entrepreneurs.
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Celebrating National Small Business Week
We know that equal access to social, financial, and inspiration capital is key to creating equal opportunity for women and entrepreneurs of color. In support of that mission, check out the “Start Us Up Now Coalition” if your organization is working to level the playing field for entrepreneurs.
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Aligning Your Spending & Values
This week marked the start of Hispanic Heritage Month, so we wanted to share this roundup spotlighting more than 75 Latinx women entrepreneurs. Did you know that Latinx women have been starting businesses at twice the national average over the past five years?
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Solving for Inequality in the Pre-Seed Round
One way we can close the racial wealth gap is by providing early money to help Black entrepreneurs innovate and grow businesses. This is especially important as the Black community has long been held back from creating generational wealth which is often tapped during “friends and family” pre-seed fundraising.
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