Depository Trust & Clearing Corporation (DTCC)

New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Depository Trust & Clearing Corporation (DTCC) scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. DTCC forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. DTCC provides allyship training. The company is a signatory of the Gender & Diversity KPI Alliance. DTCC supports the Equality Act and is committed to net zero carbon emissions by 2030. The company’s CEO Frank La Salla signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. DTCC is a Brass sponsor of Out & Equal and is a Gold Sponsor of The Lesbian, Gay, Bisexual & Transgender Community Center Career Fair. The company donated to the Equality PAC. For these reasons, Depository Trust & Clearing Corporation receives a High Risk rating.

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