BOSTON--(BUSINESS WIRE)--
State Street Corporation (NYSE:STT) announced today that it received a perfect score of 100 percent on the 2017 Corporate Equality Index (CEI), a national benchmarking survey and report on corporate policies and practices related to LGBT workplace equality, administered by the Human Rights Campaign Foundation (HRC). State Street joins the ranks of 517 major US businesses have also earned top marks this year.
“It is an incredible honor to have received a perfect score on the Corporate Equality Index,” said Michael Scannell, senior vice president of Corporate Citizenship and head of the State Street Foundation. “We know that in order to get the most out of our employees, we need to create a work environment which allows them to bring their whole selves to work. This honor is a reflection of our daily effort as a company to encourage and embrace diversity, which beneficially results in a more inclusive and innovative culture.”
The 2017 CEI rated 1,043 businesses in the report, which evaluates LGBT-related policies and practices including non-discrimination workplace protections, domestic partner benefits, transgender-inclusive health care benefits, competency programs, and public engagement with the LGBT community. State Street’s efforts in satisfying all of the CEI’s criteria results in a 100 percent ranking and the designation as a Best Place to Work for LGBT Equality.
State Street has received a number of awards for its dedication to workplace inclusion. Most recently, two of the company’s executives, Chief Marketing Officer Hannah Grove and Steven Chan, managing director and regional head of regulatory, industry and government affairs, Asia Pacific, were named to OUTstanding’s LGBT Leading Ally Executives list and the Leading LGBT+ Executives List, respectively, in recognition of their support and leadership in the LGBT community at State Street.
Last month State Street was also named a “Top 10” leader among the 2016 International Innovation Award winners by the Profiles in Diversity Journal. The award is given to companies demonstrating an alignment of diversity and inclusion with business goals in the workplace and marketplace.
The HRC is America’s largest civil rights organization working to achieve lesbian, gay, bisexual and transgender equality. By inspiring and engaging all Americans, HRC strives to end discrimination against LGBT citizens and realize a nation that achieves fundamental fairness and equality for all.
For more information on the 2017 Corporate Equality Index, or to download a free copy of the report, visit www.hrc.org/cei.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $29 trillion in assets under custody and administration and $2 trillion* in assets under management as of September 30, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street’s website at www.statestreet.com.
*Assets under management were $2.4 trillion as September 30, 2016. AUM reflects approx. $40 billion (as of September 30, 2016) with respect to which State Street Global Markets, LLC (SSGM) serves as marketing agent; SSGM and State Street Global Advisors are affiliated.
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