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Apex Group adds Diversio’s AI to DEI Solution

Staff writer
Nov. 4, 2022, 12:59 p.m.
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Apex Group, a global financial services provider, has partnered with Diversio, an AI-powered platform that enables companies to measure, track and improve diversity, equity, & inclusion (DEI) data.

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Apex Group, a global financial services provider, has partnered with Diversio, an AI-powered platform that enables companies to measure, track and improve diversity, equity, & inclusion (DEI) data.

Joshua Brunert, Global Head of ESG Product, Apex Group, said: “Our DEI solution is designed to deliver actionable insights, enabling the formulation of strategies to drive real world impact and positive change. Apex Group’s partnership with Diversio will remove pain points surrounding the collection of DEI data from employees, ensuring that the correct, accurate, information is extracted and evaluated in the most efficient and robust manner. Diversio’s technology offers a fantastic approach to data collection and analysis for our clients, so that companies and their investors will be able to understand, report and improve their DEI data from employees up.”

Diversio’s system is GDPR-compliant, fully secure, and supports cross-border data collection. In addition to DEI insights and benchmarking data, the platform provides tailored recommendations and training solutions.

By connecting Apex Group’s DEI Solution with Diversio’s AI technology, clients will benefit from the ability to seamlessly collect diversity and inclusion data from their firm and their portfolio companies. 

Apex Group’s DEI Solution helps clients collect, evaluate and improve their DEI practices, empowering private markets investors and their portfolio companies to overcome the challenges surrounding the ethical collection and analysis of DEI data.

Apex Group’s DEI Solution generates actionable insights, including detailed analysis of gender, race, ethnicity, and other key DEI areas, which are fully integrated alongside wider ESG reporting for customers, investors and regulators.

Apex Group is partnering with Diversio to help investment managers access portfolio-level diversity & inclusion data, including DEI-related risks and recommendations on areas for improvement. 

This not only allows insight into each portfolio company’s DEI risk exposure, but also delivers a competitive advantage for managers in an era where diversity & inclusion has become critical for the allocation of capital and an investment organization’s long-term success.

Diversio’s AI-powered platform is used by supra-national institutions such as the ILPA, the Investor Leadership Network, CVCA, BVCA and the World Bank, in addition to investors such as Morgan Stanley, Ontario Teachers’ Pension Plan and Lightspeed Venture Partners.

Laura McGee, CEO at Diversio, said: “Institutional investors and LPs are stepping up requests for portfolio- and firm-level DEI data, recognizing that diversity and inclusion directly impact fund performance.At the same time, DEI data is highly sensitive and subject to myriad legal and cultural considerations.”

“Diversio’s unique ability to collect data from portfolio company employees at scale helps investors to provide value to their portfolios, while supporting reporting frameworks such as ILPA’s due diligence questionnaire and Financial Conduct Authority guidelines.”

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