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About Us
Inclusion and Diversity We See The Power of Diverse Teams
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.
Did You Know?
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
Making an Impact at Our Company
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.
Recruiting Efforts
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.
Employee Networks
We have created over 24 employee networks and over 100 global chapters to create a more welcoming work environment for our employees.
Training and Partnerships
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.
Addressing Racism & Inequality
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.
Making an Impact on the World
Continuing to Make Progress on Gender Diversity
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.
Calling for Enhanced Transparency on Racial and Ethnic Diversity and Climate Change
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.
Interested in Joining Us?
Learn more about our open positions.
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
State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated
Investing involves risk including the risk of loss of principal.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
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1/31/2022