The LGBTQ100 ESG Index is overseen by an appointed Index Committee that reports to the Executive Director of Board of Loyalty Preference Index, Inc, a wholly-owned subsidiary of LGBTQ Loyalty Holdings, Inc. 

The Index Committee Members meet once per quarter when the Index is rebalanced. In addition, an Annual General Meeting of the members takes place to conduct an annual review and reconstitution of the Index.  During the annual review, the following factors are incorporated:

  1. Fundamental screening of prospective companies based on the analysis by Fuzzy Logix (Index Analyst).
  2. Current year ESG compliance and audit data from ISS-ESG. 
  3. Incorporation of the annual survey data conducted by a prominent human rights organization based in Washington D.C., which polls the Fortune 1000 organizations for their equality practices based on three pillars: 
    • Non-discrimination policies across business entities;
    • Equitable benefits for LGBTQ workers and their families;
    • Supporting an inclusive culture and corporate social responsibility;
  4. “Voice of the consumer” survey results from Harris Poll of companies in the LGBTQ Index Universe that from a statistically significant sample of LGBTQ+ community represented by the 11,500,000 strong (Gallup Poll 2017) U.S. based LGBTQ+ residents.

The Index Analyst is responsible monthly for overseeing and tracking any violations/lawsuits etc. as it relates to ESG and LGBTQ policy or procedure infractions.

Any LGBTQ100 ESG Index constituent infractions reported by the Index Analyst to the Index Committee will be dealt with in a letter of the infraction to the corporate constituent. The corporation will have 30 days to respond to the infraction with their proposed solution to cure the infraction. The response from the corporation will be made public on the LGBTQ100.com website. The Index Committee will have up to 30 days to make a final decision. The Index Committee’s final decision will be made public on LGBTQ100.com. The Index Committee will have the final decision to: 

  1. Remove the company from the LGBTQ100 ESG Index at the next rebalancing period;
  2. Provide a warning to the company of the infractions and put the company on a watch list. For a repeat offense, the company may be immediately removed from the Index, or,
  3. Accept the remedies performed by the company to cure the infraction. 

Aashu Virmani

Executive Vice President, Sales and Marketing, Fuzzy Logix

At Fuzzy Logix, he is responsible for sales enablement, for driving differentiation in the Fuzzy Logix proposition, and creating value by building and nurturing a partner ecosystem.

In his prior life, he was leading the product management and marketing for a $300m digital services business at Xura (formerly Comverse). While at Xura, he led a 6-year strategic R&D outsourcing project worth $240m with a strategic partner, and leveraging the savings to acquire a competitor for $425m. In his role before then, he led the marketing, business development and corporate strategy functions at Sonus networks, where he led the transformation of the company into a new product area and led the M&A of two publicly traded companies for Sonus and subsequent product integration for the acquired portfolio.

He lives with his wife and their 3 boys in Andover, MA. He loves travel and is passionate about golf and photography.

Larry Roan

Executive Director, Loyalty Preference Index, Inc.

In addition to his leadership responsibilities, Larry has managed all aspects of quarterly and year-end filings, and worked closely with corporate compliance to produce U.S. Securities and Exchange Commission disclosure reports.  He has hired, managed and provided oversight of company service providers including accounting and auditing services and has managed relationships with outside auditing firms to assure public company compliance. 

Larry has over 20 years of experience as a National Account Manager in the consumer packaging industry.  He has developed and guided multi-million-dollar accounts and cultivated relationships with Fortune 100 companies. His accomplishments include research, development and delivery of the first fully compostable package for the single-serve coffee market which represents a revolutionary consumer packaging application.