|INVESTING IN TRANSPARENCY |
When Natasha Lamb was a Vice President with a Boston investment firm and expecting her second child, she asked for more flexibility to cut down here three-hour daily commute. Her boss said no, so Lamb quit and started her own company. In 2013, she co-founded Arjuna Capital, a wealth management firm that invests in companies with a social and environmental conscience. “There are different ways that people can have a positive impact in addition to earning competitive returns,” Lamb says. Committed to leveling the playing field for women, Lamb has been a leader in advancing women’s rights in the workplace – most notably, in addressing the salary disparities between men and women at the companies in her clients’ investment portfolios. “It’s untrue to say that the gender pay gap is a myth,” she says. Lamb has been instrumental in pushing some of the country’s largest Fortune 500 companies – 22 so far – to expose their own gender and racial pay gaps, she says. But there is an incentive for them to do so. “Closing the gender pay gap is not only the right thing to do, it’s good for business,” Lamb says. “We know from the data that having more women and more people of color on teams and in leadership leads to financial out-performance, because there’s diversity of thought, diversity of perspective.”
The benefits of wage equality also have a positive ripple effect. “If women and people of color are paid fairly for the work that they do,” Lamb says, “it would be a boon to our economy, because people spend the money that they make. If we wait another 50 or 100 years to close the gender pay gap, then we’re missing a huge opportunity.”
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