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 $3.47 trillion* and as an employer of 2,700 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
Training and Partnerships
Addressing Racism & Inequality
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.
In August 2020, our Global CIO, Rick Lacaille, released a letter on our diversity strategy and goals, with an announcement on our expectations for public companies regarding racial and ethnic diversity.
To build on this guidance further and in an effort to share our annual stewardship priorities, our President & CEO, Cyrus Taraporevala, released our proxy voting guidance in January 2021 sharing how we intend to use our voice and vote to hold boards accountable on climate change and racial and ethnic diversity.
Two years ago, we started disclosing our EEO-1 data, which details the gender, racial, and ethnic make-up of our employees in the US. In February 2021, we announced our partnership with many leading asset managers, agreeing to disclose EEO-1 data as part of the Corporate Call to Action.
1Why Diversity Matters. McKinsey & Company, 2015.
2Creating Competitive Advantage Through Workforce Diversity. CEB Corporate Leadership Council, Global Labor Market Survey, 2012.
3Corporate Social Responsibility, Multi-faceted Job-Products, and Employee Outcomes. Journal of Business Ethics, October 2015.
*This figure is presented as of December 31, 2020 and includes approximately $75.17 billion of assets with respect to SPDR products for which
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