Depository Trust & Clearing Co.

New York
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Depository Trust & Clearing Corporation (DTCC) vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. However, the company has not publicly terminated business relationships based on views or beliefs. DTCC covers the cost of "medically necessary transition-related care" for its employees and their children. The company CEO signed the CEO Action for Diversity and Inclusion pledge and signed an open letter in support of the Equality Act. DTCC implements D&I training for its employees and is a Gold Sponsor of The Lesbian, Gay, Bisexual & Transgender Community Center Career Fair. The company has donated to the Equality PAC but does not appear to discriminate against religious organizations in its charitable giving. For these reasons, Depository Trust & Clearing Corporation receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

DTCC received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). The company has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

DTCC does not appear to discriminate against religious organizations in its charitable giving (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

DTCC does not provide viewpoint protections for its employees (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

DTCC’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (1). The company signed an open letter in support of the Equality Act (2). DTCC regularly supports LGBTQ Pride and hosts D&I training including topics on unconscious bias and allyship (3)(4)(5)(6).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

DTCC has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). The company¬†is a Gold Sponsor of The Lesbian, Gay, Bisexual & Transgender Community Center Career Fair (3).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Depository Trust & Clearing Corporation has donated to the Equality PAC (1).

All links were last accessed and all information was updated on:
November 28, 2023

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