Established

In 2021, the SBI Executive Director established the Diversity, Equity and Inclusion (DEI) Task Force to address the issue of DEI in the SBI Investment Program in response to the Board directive included in the Environmental, Social, and Governance (ESG) Resolution dated February 26, 2020. 

In May 2022, the DEI Task Force was changed to the DEI Committee; and is now a sub-committee of the SBI's Investment Advisory Council. 

Purpose

The DEI Committee is charged with reviewing the SBI's current investment portfolios, managers, consultants, and staff to identify opportunities to increase DEI in all aspects of the SBI's investment programs.  While the DEI Committee has no decision-making authority, it will develop, review, and make recommendations on the following topics: 

1. Internal Audit:  Measure the current racial, gender, and other dimensions of diversity among SBI Staff, Investment Advisory Council, Consultants, Managers, and Investments.
2. Investment Beliefs:  Determine extent to which DEI may impact investment outcomes and if the current investment beliefs need to be updated. 
3. Education and Training:  Review resources for Staff and IAC to become more informed about DEI.
4. Emerging Manager Program:  Research the effectiveness of investment programs targeting asset managers with high levels of team diversity and determine if  such a program would work for the SBI.
5. Due Diligence:  Find best practices for incorporating DEI into manager evaluations. 

Task Force Members

The Current Task Force Membership is: DEI Task Force Staff Support

Susanna Gibbons, Co-Chair
Carlson School of Management

Morris Goodwin, Co-Chair
American Public Media Group

Gary Martin
Macalester College

Peggy Ingison
Retiree Member Representative

Carol Peterfeso
University of St. Thomas

Bibi Black
Office of the Secretary of State

  Katie Comstock
  Aon Investments USA

  Nate Blumenshine
  SBI Staff

 

 






 


 

Reports from the DEI Committee