State Street Global Advisors has called on the companies in its investment portfolios to disclose their gender diversity statistics "at all levels of management".
One year on from its 'Fearless Girl' campaign, State Street is calling on 600 companies in its portfolios to provide more detailed information about their gender diversity.
In the past year, SSGA has written to more than 700 companies in the US, the UK and Australia with no women on their boards, imploring them to address their lack of gender diversity.
In that time, 152 of the companies targeted have placed women on their boards, according to SSGA.
"The 152 leaves more than 600 companies in our original target universe that have still taken no action, and we will continue our engagement and voting efforts in 2018 as we look to make additional progress on this important issue," said the asset manager.
It is one year since State Street placed the 'Fearless Girl' statue in front of the iconic charging bull on Wall Street.
SSGA head of ESG investments and asset stewardship Rakhi Kumar said the statue exemplifies the firm's stewardship platform.
"Fearless Girl has sparked important conversations around the world, and has increased shareholder action on the issue of gender diversity. We applaud the many asset owners and managers controlling more than $13 trillion that have since joined us in our call to action," Ms Kumar said.
The asset manager has also expanded its gender diversity guidance to companies in Japan, Canada and Europe.
The onus is on the world’s biggest asset owners to solve society’s biggest issues without compromising on their financial responsibiliti...
Investors will have to brace themselves for climate change and start taking stakes in areas such as infrastructure and agriculture, with cur...
Mayfair 101 has launched its second fixed interest investment product in response to increasing demand for income-producing investments in t...
Get notifications in real-time for staying up to date with content that matters to you.
