Credit Suisse launches LGBT Equality Index
Credit Suisse’s private-banking clients in the US are able to buy into a portfolio of blue-chip companies with LGBT-friendly policies. The Credit Suisse LGBT Equality Index is the first index to track the equity performance of companies supporting and promoting equality for members of the LGBT community.
Shares in companies supporting diversity including gender identity and sexual orientation have historically performed better than the broader market, according to Credit Suisse Group AG analysts.
Credit Suisse’s market-cap weighted basket of about 350 LGBTQ-inclusive companies, which includes firms such as Apple Inc., Tesla Inc. and JPMorgan Chase & Co., has outperformed MSCI Inc.’s flagship ACWI global equity index excluding those 350 constituents by 378 basis points a year since 2010.
Credit Suisse takes great pride in being included for 17 consecutive years in the Human Rights Campaign Foundation’s 2022 Corporate Equality Index (HRC CEI), with a score of 100% and earning the designation as a “Best Place to Work for LGBTQ+ Equality.”