New York Life Insurance
Corporate Bias Rating
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Risk Level:
Summary:
New York Life Insurance Company 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, New York Life Insurance Company (NYLIC), 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. NYLIC 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. NYLIC supports the Equality Act. Candriam, an affiliate of New York Life, is part of the Net Zero Asset Managers initiative, committed to carbon neutrality by 2050. CEO Craig DeSanto is a member of the Business Roundtable and Former CEO Ted Mathas signed its 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders. NYLIC’s CEO, Craig DeSanto, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company pledged a combined $2.5 million to the Black Lives Matter movement and related causes, including the National Urban League and Race Forward. NYLIC is a brass sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. NYLIC donated to the Equality PAC. For these reasons, New York Life Insurance receives a High Risk rating.
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CEO of New York Life Insurance
Craig L. DeSanto
Summary:
Headquartered in New York, New York, New York Life Insurance is a member of the Fortune 250 operating in the Insurance industry. Craig L. DeSanto and Craig L. DeSanto serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $165,813 to Republican causes and $159,720 to Democratic causes. Under their tenure, New York Life Insurance currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$165,813
$159,720
Republican
Democrat