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We believe that diversity contributes to better performance, decision-making and outcomes. For us, inclusion and diversity are essential to our success as a company.
Companies with high ethnic diversity are 36% more likely to financially outperform others.1
Gender diversity leads to fewer governance-related issues such as corruption and fraud.2
Where diversity is valued,
performance improves by 12%; intent to stay by 20%.3
As an investment manager entrusted with $3.15 trillion* and as an employer of 2,500 talented people across the globe, we understand the special responsibility we have to our clients and employees to support diversity at every level of our business.
Cyrus Taraporevala, President & CEO
We’re proud of receiving an 100% from the Human Rights Campaign’s Corporate Equality Index and an 100% on the Disability Equality Index, among many other accolades – but we are not stopping there. We’ve made a commitment to measure and improve diversity throughout our organization.
We have launched several efforts internally to recruit, retain and promote more diverse employees such as return-to-work programs for working parents and a Leadership Development Program.
We have created over 24 employee networks and over 100 global chapters to create a more welcoming work environment for our employees.
We have increased our training program to include sessions on unconscious bias and respect in the workplace and established key partnerships with local organizations committed to these ideas.
In August 2020, we launched 10 State Street actions to directly address and strengthen racial equity across our firm.
We are committed to building a culture of belonging and inclusion. We recognize we have more work to do to hit our diversity goals, but remain committed to being transparent about our progress.
In our 2019 Corporate Social Responsibility report, we have further expanded on our efforts to address racism and inequality among other topics. We have disclosed our EEO-1 survey data, which outlines our employee data by race/ethnicity, gender and job category.
Committed to holding ourselves accountable, State Street Global Advisors has created a 40-person Inclusion & Diversity Council dedicated to support and advance these goals for all employees.
State Street Global Advisors placed Fearless Girl in the heart of New York’s Financial District on the eve of International Women’s Day 2017 to raise awareness about the importance of gender diversity in corporate leadership. Fearless Girl inspired not only the next generation of women leaders, but also 789 companies globally to add a female director to their previously all-male boards.