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 gender diversity are more likely to outperform on profitability than others. 1
Companies with high ethnic and cultural diversity are more likely to financially outperform others. 1
Where diversity is valued, performance improves by 12%; intent to stay by 20%. 2
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.
About Inclusion & Diversity
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.
Inclusion Built on Connections
We have created over 24 employee networks and over 100 global chapters to create a more welcoming work environment for our employees.
Partnerships and Recognition
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.
10 Actions to Address Racism and Inequality
In August 2020, we launched 10 State Street actions to directly address and strengthen racial equity across our firm.
Reaching Higher with Our Diversity Goals
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.
2021 ESG Report
In our Corporate Social Responsibility report, we have further expanded on our efforts on addressing 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.
Continuing to Make Progress on Gender Diversity
State Street Global Advisors placed Fearless Girl in the heart of New York City’s Financial District on the eve of International Women’s Day 2017 to raise awareness about the importance of gender diversity in corporate leadership.
1Delivering through Diversity. McKinsey & Company, 2018.
2Corporate Social Responsibility, Multi-faceted Job-Products, and Employee Outcomes. Journal of Business Ethics, October 2015.
*This figure is presented as March 31, 2023 and includes approximately $65.03 billion USD of assets with respect to SPDR products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated. Please note all AUM is unaudited.