City Hive launches D&I reporting framework

City Hive has launched the Action, Culture and Transparency (ACT) standard of corporate culture for investment companies, in a bid to stop greenwashing diversity.

The ACT reporting framework aims to help fund managers, investment consultants and asset owners to assess an investment company’s culture through a standardised framework. It also aims to help those businesses to communicate actions and identify gaps.

According to City Hive, the ACT framework, which is guided by a stewardship council of fund stakeholders, can be used by any type of investment management company, regardless of size, location, asset class or company structure (private or public).

The new ACT framework, which is available here, builds on City Hive’s ACT kitemark, which was launched in November 2020, with the...