Steinem: No more labels, just humanity

Gloria Steinem tells institutional investors it is time to ditch the labels that describe our gender, class or ethnicity and urged the investment community to look at investments through the lens of gender, class and racial equality.

“We need to become individuals without adjectives that describe our gender or class,” says celebrated feminist and social political activist Gloria Steinem.

Speaking at “Sustainability Digital: A Planet in Trouble,” 86-year-old Steinem stressed the importance of understanding that each human being is unique.

“Humanity is the point,” she said, urging delegates to see the individual behind the label – to look at our substance and content.

The ‘unfinished business’ and ‘human rights challenge’ of gender equality is rooted in long held racial and gender divisions viewed as desirable.

“It’s taken us a long time to realise that money is just one form of value,” said Steinem who said the tide began to shift with social justice movements that saw the quality of life not just measured on a financial scale.

Sponsored Content

She noted a new energy to gender equality under the Biden administration. She also drew delegates attention to the sweeping transition underway in the US population from “majority white” to “majority people of colour.”

She said that among a percentage of the population, this transition was sparking insecurity and rebellion, witnessed on the 6th of January storming of the Capitol by a white minority.

“Trump wasn’t elected by a majority but by a fluke of the electoral college,” she said.

Steinem played down polarisation in the US, arguing that resistance to multiculturalism only comes from a minority. She said that Trump represented that minority (white and male) that is resisting the fact the US is about to become a non-white country – alongside other changes.

“We are now back to majority democratic rule,” she said.

As to how diversity sits within the broader sustainability debate, she said it comes down to “the common sense” principle of the importance of releasing all talents, not just the talents of some people.

She said inequality has its roots in colonialism, hierarchy and European religions and values. Besides, the original inhabitants in the US lived by a circular model “before Europeans came along.” Adding: “In a sense we are trying to get back to this.”

It led her to reflect on the fact women are less hierarchical in leadership roles stemming from models of behaviour and leadership rooted in the family. It reflects a “concern for the welfare” of each person regardless of where they are in a family, in contrast to the corporate model. She also noted more men working from home as being one of the positives to come out of the pandemic.

“Men are more likely to be at home and take care of children and be present in the household,” she said. “It is equalizing what until now has been a female experience.”

She urged the investment community to look at investments through the lens of gender, class and racial equality.

“There is not simply just one measurable number,” she said.

Dropping labels allows “instant communication” amongst strangers. She also espoused the importance of laughter. Although social movements are often viewed as serious and full of anger, laughter is powerful source of free emotion.

“You can compel fear or love; laughter can’t be compelled.”

She said this was the “undervalued” element of a social justice movement and embodied freedom and enjoyment.

“You can’t live in the past or future, you can only live in the moment and the ability to laugh is proof of that.”

She concluded that retirement is another label to ditch. She said as long as individuals can “still function,” and their advice is useful, we should dispense with retirement. Moreover, young people should be encouraged to work much earlier.

“There are teenage geniuses that are functional; the idea of functionality should surpass ideas of age, race and class,” she said.

Leave a Comment

Climate the No.1 priority for 2021

Climate the No.1 priority for 2021

Climate is by far the number one sustainability priority for investors in 2021 according to a poll of asset owners from more than 32 countries which came together for the Top1000funds.com online Sustainability event in March.

Sort content by

How to avoid funding treason

The siege on the US Capitol has revealed asset owners may be investing in companies that work with or fund extremist groups. To protect their organisations, their stakeholders, and their savers from such risks, asset owners should consider revising their ESG frameworks to include disclosure and accountability policies on corporate political spending.

Amazon under fire

Two of the world’s largest asset owners are putting pressure on Amazon to reveal exactly how it is protecting its workers from COVID-19. It’s a move indicative of the investor mood to focus attention on human and labour rights among investee companies, with a particular spotlight on the tech sector.

Diversity: The data challenge of 2020s

Assessing, managing and changing diversity, equity and inclusion (DEI) is set to become the data issue of the 2020s, as asset owners turn their attention to the power they have to advocate for change in the companies they invest in, and the firms that manage their money.

Climate risk is investment risk: Fink

The reallocation of capital towards sustainable companies is happening in real time and will accelerate, according to Larry Fink who is investing in technology and people to develop systems that can prove “climate risk is investment risk”.

Climate problem and industry ownership

Tim Hodgson, co-head of the Thinking Ahead Group, goes through an elaborate exercise to determine how much of the climate problem the institutional investment industry owns. The first step, he says, in finding a solution.

Verification essential for more impact

A new impact investing verification, which uses the same level of rigor that institutional investors approach the due diligence of fund managers, promises to unlock capital flows into impact and build the necessary scale with integrity needed to address the urgent social, environmental, and economic challenges.

Previous