By Michael Fox
As we navigate an increasingly interconnected world, our financial decisions have far-reaching consequences. Investments, whether in stocks, mutual funds, or retirement plans, are not just about securing our futures; they also have the power to influence corporate practices and societal values. In recent years, socially responsible investing (SRI) and environmental, social, and governance (ESG) investing have gained momentum, with investors actively seeking opportunities that align with their values. One critical question to ask yourself in this context is: Do your investments support LGBTQ+ equality?
LGBTQ+ equality has become a vital social issue, with strides being made in terms of legal rights, social acceptance, and corporate policies. Yet, the fight for full equality is far from over. Discrimination, harassment, and disparities in pay and healthcare continue to plague the LGBTQ+ community in many parts of the world. Financial investments can either perpetuate or help eliminate these injustices. Knowing where your money is going is more important than ever.
Images: Creative Commons
Corporations have an immense influence on the global social fabric, including how LGBTQ+ employees and consumers are treated. Many companies have publicly supported LGBTQ+ rights, such as by endorsing Pride events, adopting inclusive workplace policies, or championing equal healthcare benefits for same-sex partners. However, there’s often a disconnect between corporate image and the realities behind the scenes. Some companies may present themselves as LGBTQ+ allies in their marketing, while their actual business practices tell a different story.
This is where investors come into play. As a shareholder, you have a voice. By choosing to invest in companies that truly support LGBTQ+ equality, you’re voting with your dollars. Investors are increasingly aware of their power to demand corporate responsibility. Activist shareholders have pushed companies to adopt inclusive policies, improve diversity and equity efforts, and ensure that benefits like healthcare and parental leave are accessible to all employees, regardless of sexual orientation or gender identity.
The first step in aligning your investments with LGBTQ+ equality is understanding where your current investments stand. This requires doing some research on the companies and funds you’re invested in. Tools like the Human Rights Campaign’s (HRC) Corporate Equality Index can be a valuable resource. The HRC evaluates Fortune 500 companies on their LGBTQ+ policies, including non-discrimination protections, benefits for LGBTQ+ workers, and corporate social responsibility.
Once you know how your portfolio stacks up, you can take action. If a company or fund you’re invested in falls short on LGBTQ+ issues, consider divesting or, better yet, engaging with that company as an activist investor. Shareholder advocacy can be an effective way to push for change from within. If the company remains resistant, you can redirect your investments toward businesses that champion equality. There are several funds and ETFs that focus specifically on LGBTQ+ inclusion, offering a straightforward way to support equality while growing your wealth.
Images: Creative Commons
Investing in LGBTQ+-inclusive companies isn’t just about making a moral statement—it’s also smart business. Studies show that companies with inclusive, diverse workforces tend to perform better financially. These companies are better equipped to attract and retain top talent, foster innovation, and appeal to a broader consumer base. Moreover, as societal expectations shift, companies that fail to support equality risk damaging their reputation and losing market share.
When you align your investments with your values, you’re contributing to a more equitable and just world. Your financial decisions have the power to influence corporate practices, challenge harmful systems, and promote a culture of inclusivity. In the fight for LGBTQ+ equality, every choice matters. By putting your money where your values are, you can help build a future that supports dignity, respect, and opportunity for all.
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About the author
Michael is the operations manager at Metromode Magazine. He helps in overseeing the production of content for both print and digital editorial. He grew up in Denver where he spent most of his time writing or playing music as a band geek. He attended college where he graduated with a combined music and creative writing degree. Then, in a life altering move, Michael moved to Asia for a few years. He settled back in Denver and has a passion for international and intercultural subjects.