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firm Awards

These Diversity & Inclusion Awards focus on highlighting initiatives from companies that aim to boost the advice industry’s diversity and create a more inclusive environment for all.

Outstanding Practices have built businesses that foster diversity internally and recognize the importance of embracing a diverse clientele. Diversity Champions are companies that support advisory firms and have formal initiatives aimed at promoting diversity and inclusion.

Diversity Champion

Impax Asset Management LLC/Pax World Funds

Asset Manager Employees:52 AUM:$4.7 billion

Impax Asset Management's Pax World Funds pioneered pay equality and gender diversity in corporate leadership. The firm has long required that its finalist pool for any hire must include at least one woman, preferably with minority representation, too. Despite its small size, the firm works to close gender pay disparities, and annually discloses gender pay ratios.

"Gender equality is the great human rights issue of our time. Tackling it will unleash unprecedented economic growth," said Joe Keefe, president of Pax World Funds and Impax Asset Management.

The firm's two mutual fund boards each include five women and three men; the most senior management team has seven women and four men.

The focus of the Pax Ellevate Global Women's Leadership Fund, launched in 2014 with Sallie Krawcheck, is investing in companies most highly rated for advancing women at senior management and board level.

Mr. Keefe is a founder of the Thirty Percent Coalition, which seeks to assure that women hold 30% of public company board seats in the U.S. He has received numerous awards for promoting gender equality, and the Financial Times even named him one of its 10 " Top Feminist Men" for helping women succeed.

Contact Kelly Coyne, vice president for global women's strategies, at k.coyne@impaxam.com to learn more about its diversity and inclusion initiatives.

— Vanessa Drucker

Lifetime Achievement

Rising Stars

See it, Be it Role Models

Outstanding Practices

Diversity Champions

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