Diversity, equity, and inclusion (DEI) are crucial elements in the future of the investment industry and the success of investment firms. CFA Institute recognizes that a diversity of perspectives will lead to better investor outcomes; an inclusive investment industry will better serve our diverse society. Further, we recognize that an organization, with an inclusive culture, awareness and education, and effective working relationships, is a better place to work. To help ensure these critical initiatives, CFA Institute has developed a voluntary code to guide DEI, beginning in the United States and Canada.
Objectives of the Code
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Meet the industry where it is
Define the current state.
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Define key principles for firms to implement
Drive improvement from a realistic foundation.
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Provide a metrics-based reporting framework
Produce meaningful results.
The DEI Code (USA and Canada) and Implementation Guidance
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CFA Institute Diversity, Equity, and Inclusion Code (USA and Canada) (PDF)Read the Diversity, Equity, and Inclusion Code (USA and Canada).
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Implementation Guide for the CFA Institute Diversity, Equity, and Inclusion Code (USA and Canada) (PDF)Read the Implementation Guide for practical recommendations and requirements on incorporating the DEI Code into your practice.
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Reporting FrameworkTo aid reporting on the metrics that are relevant to your organization at the outset of the adoption of the Code. You may use this Reporting Framework Template Tool (US and Canada) to help you compile your organization’s Reporting Framework data before you complete the online form.
Become a Signatory to the DEI Code (USA and Canada)
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Signatory Notification Form
Complete this form if your organization is becoming a signatory to the DEI Code (USA and Canada).
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DEI Code Signatory OrganizationsSee the organizations that currently claim commitment to the principles and provisions of the DEI Code (USA and Canada).
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DEI Code Overview (PDF)Read the document.
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FAQs (PDF)Answers to your frequently asked questions
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Help DeskQuestions about adoption of the Code? Email us.
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Research and AnalysisRead our research papers on diversity, equity, and inclusion in the investment industry.
Development of the DEI Code
In March 2020, the CFA Institute Diversity, Equity, and Inclusion Steering Committee tasked a DEI Code Working Group with developing a set of principles to drive greater DEI within the investment industry.
The DEI Code Working Group consists of members of CFA Institute Diversity, Equity & Inclusion Steering Committee, DEI practitioners, and investment professionals.
An exposure draft was published in July 2021. Feedback was sought on the Code’s Principles, requirements, and recommendations from industry participants, regulators, and other stakeholders during the consultation period. We received 100 responses.
Reference Materials
The following documents will be available until 23 February 2023.
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Exposure Draft of the Diversity, Equity, and Inclusion Code (USA and Canada) (PDF)
Published for public consultation, 7 July – 4 September 2021.
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Exposure Draft of the Diversity, Equity, and Inclusion Code Implementation Guidance (USA and Canada) (PDF)Published for public consultation, 7 July – 4 September 2021.
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Comment Letters on the Diversity, Equity, and Inclusion Code and Implementation Guidance (USA and Canada)
View the comment letters received during the public consultation period.
Watch the Webinar
Introducing the Diversity Equity and Inclusion Code USA and Canada Introducing the DEI Code (USA and Canada)
On 24 February 2022, CFA Institute issued the first voluntary Diversity, Equity, and Inclusion (DEI) Code to foster a commitment that will lead to greater inclusion of wider viewpoints from diverse talent, which should result in better investment outcomes and help create better working environments.
Topics include:
- Purpose and Scope
- Benefits
- Overview of the DEI Code’s six key principles
- Overview of requirements and implementation guidance
- Adoption steps
