Diversio Partners With Apex Group
To Provide Powerful AI Technology to Their DEI Solution
On November 3, 2022 Apex Group announced their partnership with Diversio which will enable Apex Group clients to seamlessly collect diversity, equity, and inclusion (DEI) data from their firm and their portfolio companies. Since the Diversio platform is GDPR compliant, fully secure, and supports cross-border data collection, it can be used for organizations around the world. In addition to DEI insights and benchmarking data, Apex Group clients will also have access to tailored recommendations and training solutions offered through the Diversio Dashboard.
Apex Group’s DEI Solution provides the tools for private market investors and their portfolio companies to collect, evaluate, and improve their DEI practices while overcoming ethical concerns about data collection and analysis. Their solution generates actionable insights, which are fully integrated alongside wider ESG reporting for customers, investors and regulators.
This partnership will help investment managers DEI at a portfolio-level, including DEI-related risks and recommendations on areas for improvement. This insight delivers a competitive advantage for managers in an era when capital allocation and organizational success hinge on diverse, equitable, and inclusive practices.
Diversio’s AI-powered platform is a clear industry leader, having worked with supra-national institutions such as the ILPA, the Investor Leadership Network, CVCA, BVCA and the World Bank, in addition to investors such as Morgan Stanley, Ontario Teachers’ Pension Plan and Lightspeed Venture Partners.
Joshua Brunert, Global Head of ESG Product, Apex Group comments:
“Our DEI solution is designed to deliver actionable insights, enabling the formulation of strategies to drive real world impact and positive change. Apex Group’s partnership with Diversio will remove pain points surrounding the collection of DEI data from employees, ensuring that the correct, accurate, information is extracted and evaluated in the most efficient and robust manner. Diversio’s technology offers a fantastic approach to data collection and analysis for our clients, so that companies and their investors will be able to understand, report and improve their DEI data from employees up.”
Laura McGee, CEO at Diversio, further comments:
“Institutional investors and LPs are stepping up requests for portfolio- and firm-level DEI data, recognizing that diversity and inclusion directly impact fund performance. At the same time, DEI data is highly sensitive and subject to myriad legal and cultural considerations. Diversio’s unique ability to collect data from portfolio company employees at scale helps investors to provide value to their portfolios, while supporting reporting frameworks such as ILPA’s due diligence questionnaire and Financial Conduct Authority guidelines.”
Apex Group’s award-winning ESG services are delivered in more than 50 countries, working with over 350 LPs and GPs to help them report on their investments in-line with ESG standards and regulations. This announcement follows Apex Group’s Impact Month, during which pioneering Impact Positive, DEI and EU Taxonomy Solutions were launched.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including HR and Payroll and a pioneering ESG Ratings and Advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the Environment and Climate Change, Women’s Empowerment and Economic Independence, Education and Social Mobility.
Diversio – The Diversity Data Experts™
Diversio is the people intelligence platform that measures, tracks, and improves Diversity, Equity, and Inclusion (DEI). By connecting artificial intelligence (AI) technology, sophisticated data analytics, and knowledgeable subject matter experts, Diversio is able to accurately diagnose your pain points, benchmark you against peers, and create a robust action plan that will meet your DEI goals. Through the unique combination of technology and human expertise, Diversio is driving meaningful impact for hundreds of organizations across over 35 countries globally.
For more information on this event, Diversio, or how we can help you start your DEI platform contact us at firstname.lastname@example.org.
Also seen here: Africa Global Funds – Apex Group Adds Diversio’s Powerful AI Technology to DEI Solution