Swedish online bank Avanza has launched the AVA Gender Equality Tracker, which is based on the Equileap European Gender Equality 75 Index.
The launch allows Swedish investors to align their portfolio with their values while gender-lens investment is becoming mainstream around the world.
Diana van Maasdijk, CEO Equileap, says: “Launching five exchange traded products over the past 18 months is proof indeed that businesses across the globe cannot continue to thrive without transparency around gender equality. When this issue hit a company’s ‘bottom line’, action will be taken to make sure every business focuses as much on gender equality as they do on other areas. Our latest collaboration with Avanza means gender equality investment is now readily available to anybody in Sweden, without even having to go through a banker.”
Equileap has been growing at a fast pace over the past few years, becoming the leading provider of data and insights related to gender equality in the corporate sector. The organisation has gathered a unique, comprehensive database, by investigating in-depth over 3,000 companies globally based on 19 criteria. Products & services are tailored for companies, governments and investors.
Karin Forseke, Chair Föreningen Storasyster and Advisory Board Equileap, says: “Through years of research and analysis of thousands of businesses, Equileap has developed a global measure to provide real insight into how corporates behave when it comes to gender equality. This in turn is imperative to business performance. This tracker provides us with a benchmark for gender based investing. Sweden is finally catching up with other countries that already offer this market intelligence.”