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JPMorgan Brazil Executive Urges Race Be Added to ESG Scores

  • ‘It’s the only way to move the needle,’ Gilberto Costa says
  • Executive is trying to bring more Black people to the bank
Gilberto Costa
Gilberto CostaSource: JPMorgan Chase & Co.

Corporations must be more transparent about diversity in their ranks to help investors recognize those with sub-par inclusion practices, according to JPMorgan Chase & Co. Brazil executive director Gilberto Costa.

Relying on data about a company’s environmental, social and governance policies isn’t enough, Costa said in an interview, urging that racial-equity metrics be included in ESG scores as well.