Nine months after launching its Exchange Traded Fund (ETF) that lifts the lid on which companies genuinely embrace inclusion and diversity, Satrix has rebalanced its Inclusion & Diversity Index, which kicked out players like Woolworths, Investec and others, and saw new champions emerge.
Satrix launched South Africa's ETF based on inclusion and diversity (I&D) in August 2021. The ETF tracks the Refinitiv Satrix South Africa Inclusion & Diversity Index, developed with Refinitiv. That index recognises companies with entrenched inclusion and diversity throughout their corporate culture.
Only 30 companies that rank highest on their combined diversity, inclusion, controversy and people’s development scores make the part.