The CFA Institute Diversity, Equity, and Inclusion (DEI) Code has officially launched in Singapore, marking a significant milestone in fostering inclusive practices within the investment profession.
Developed in collaboration with CFA Society Singapore, this voluntary framework provides financial services organizations with actionable principles to integrate DEI into their operations.
The Code is being rolled out globally in various regions. It was first launched in the US and Canada in 2022, followed by the UK in 2023, and the Netherlands, Australia and Singapore in most recently. Last month our team was fortunate to attend a panel discussion on the development and adoption of the Code. Here’s our recap:
🔸 Localisation for Singapore
Singapore’s adaptation of the DEI Code reflects the unique cultural and business landscape of the region. The framework is designed to be scalable, allowing firms of all sizes to implement DEI strategies effectively.
🔸 Objectives of the DEI Code
The Code aims to:
(1) Strengthen DEI in the financial sector by providing a structured approach to fostering inclusive workplaces.
(2) Encourage leadership accountability, ensuring senior executives champion DEI initiatives, and stakeholder engagement.
(3) Promote transparency through measurable DEI reporting, driving continuous improvement.
🔸 Path to broad stakeholder engagement, including supply chains
Organizations that adopt the Code commit to:
(1) Selecting diverse suppliers or those demonstrating strong DEI commitments.
(2) Including DEI principles in procurement policies and partnerships.
(3) Driving systemic change by influencing industry-wide DEI practices.
Early adopters, including GIC, GMO Singapore, and Cambridge Associates, have already signalled their commitment to these principles.
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givvable has a range of tools to support organization's to develop and accelerate their supplier diversity and inclusion program, along all aspects of DEI, including:
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