TORONTO, March 9, 2017 /CNW/ - The LGBT Corporate Canadian Index Company is pleased to announce the launch of the first-of-its kind LGBT index for Canada. The LGBT Corporate Canadian Index (the "LGBT CCI") is a benchmark for understanding and measuring LGBT Diversity and Inclusion ("LGBT D&I") within corporate Canada.
LGBT CCI identifies corporations listed on the S&P/TSX Composite Index that are promoting diversity by embracing LGBT D&I. Inclusion in the LGBT CCI requires the completion and submission of the LGBT CCI 2016 Survey and is subject to a minimum pass-grade questionnairebased scoring system.
"LGBT CCI is an important and valuable tool for championing the rights of LGBT individuals on a national level. We have launched the LGBT index for Canada to focus exclusively on S&P/TSX Composite Index listed corporations. It's very encouraging to see that corporations included in
LGBT CCI represent a wide spectrum of industries and sectors, ranging from financial services and communication services to aerospace defense, consumer cyclical, industrial products and many more," said Alexis Klein, Founder, LGBT CCI. "Going forward, LGBT CCI will be released annually, in March, to the general public."
LGBT CCI provides transparency around best practices as it pertains to corporate policies and corporate advocacy. It serves leading and supporting corporations to actively promote LGBT inclusion as part of their key initiatives and be an integral part of the way forward.
"We applaud the introduction of an LGBT screen and index for Canada. The increasing level of awareness among corporations and lawmakers for the business case for LGBT Diversity & Inclusion is key to the fight for greater freedoms and equality for the LGBT community globally. Indices such as LGBT CCI allow companies that implement effective LGBT Diversity & Inclusion programmes to be considered by value-driven investors seeking LGBT friendly policies and behaviour in their stock holdings," said Anders Jacobsen, co-founder of LGBT Capital and Advisor to the LGBT Diversity Fund.
About LGBT CCI
Celebrating achievements in promoting equality and inclusion for Lesbian, Gay, Bi-Sexual, and Transgender (LGBT) individuals. The goal is to recognize S&P/TSX Composite Index listed corporations that embrace LGBT inclusion. The LGBT CCI, the first-of-its-kind inCanada, identifies corporations that have demonstrated a strong commitment towards supporting the LGBT community by taking quantifiable actions. Data for LGBT CCI is compiled and released on an annual basis.
SOURCE LGBT Corporate Canadian Index