As society becomes more accepting and inclusive of the LGBTQ+ community, it’s important for investors to consider the impact their investments have on these individuals. LGBTQ+ friendly investing is a growing trend, and investors can support businesses that prioritize diversity, equity, and inclusion. In this article, we’ll take a look at what LGBTQ+ friendly investing means and how to invest in companies that support the LGBTQ+ community.
What is LGBTQ+ friendly investing?
LGBTQ+ friendly investing refers to the practice of investing in companies that prioritize diversity, equity, and inclusion for the LGBTQ+ community. This can include companies that have inclusive policies for their LGBTQ+ employees, support LGBTQ+ rights and advocacy, and offer products and services that are inclusive of LGBTQ+ individuals.
LGBTQ+ friendly investing is not only a socially responsible choice, but it can also be a smart financial decision. Companies that prioritize diversity and inclusion tend to have better financial performance, as they can attract and retain top talent and appeal to a wider customer base.
How to invest in LGBTQ+ friendly companies
- Research companies’ policies and practices
One way to invest in LGBTQ+ friendly companies is to research their policies and practices. Look for companies that have inclusive policies for their LGBTQ+ employees, such as non-discrimination policies and benefits for same-sex partners. You can also look for companies that support LGBTQ+ rights and advocacy, such as those that have made donations to LGBTQ+ organizations or publicly support LGBTQ+ causes.
- Look for LGBTQ+ focused investment products
Another option for LGBTQ+ friendly investing is to look for investment products that focus on LGBTQ+ issues. For example, there are mutual funds and exchange-traded funds (ETFs) that specifically invest in companies that prioritize diversity and inclusion, including for the LGBTQ+ community.
- Consider impact investing
Impact investing is a form of investing that prioritizes social and environmental impact alongside financial returns. You can consider impact investing in LGBTQ+ friendly companies through community development financial institutions (CDFIs) or by investing in LGBTQ+ startups through crowdfunding platforms.
- Work with LGBTQ+ friendly financial advisors
Another way to ensure your investments align with your values is to work with a financial advisor who understands and supports LGBTQ+ friendly investing. Look for advisors who have experience working with LGBTQ+ clients and who prioritize diversity and inclusion in their investment strategies.
Examples of LGBTQ+ friendly companies
- Apple Inc.
Apple is known for its inclusive policies and practices for LGBTQ+ employees. The company has a perfect score on the Human Rights Campaign’s Corporate Equality Index and offers benefits for same-sex partners, as well as transgender-inclusive healthcare coverage.
- American Express
American Express has a long-standing commitment to diversity and inclusion and has been recognized for its support of LGBTQ+ employees. The company has a perfect score on the Human Rights Campaign’s Corporate Equality Index and offers benefits for same-sex partners.
- Nike Inc.
Nike has a strong commitment to diversity and inclusion and has been recognized for its support of LGBTQ+ rights and advocacy. The company has a perfect score on the Human Rights Campaign’s Corporate Equality Index and has made donations to LGBTQ+ organizations.
- Mastercard Inc.
Mastercard has been recognized for its support of LGBTQ+ rights and advocacy and has a perfect score on the Human Rights Campaign’s Corporate Equality Index. The company has also made donations to LGBTQ+ organizations and offers benefits for same-sex partners.
Conclusion
Investing in LGBTQ+ friendly companies is not only a socially responsible choice, but it can also be a smart financial decision. Companies that prioritize diversity and inclusion tend to have better financial performance, as they can attract and retain top talent and appeal to a wider customer base. By researching companies’ policies and practices, looking for LGBTQ+ focused investment products, considering impact investing, and working with LGBTQ+
