State Street Global Advisors (SSGA) 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). In 2017, State Street voted against the reelection of directors at 400 companies because these companies did not have a woman on their board (3). State Street also imposes a climate-related agenda on companies, using ESG to push the agenda of Climate Action 100+ and other climate advocates (4). The SPDR ETF that State Street runs offers a fossil fuel reserves-free fund, which excludes energy companies offering fuel (5).

State Street will not match “gifts to fulfill pledges, tithes or other church-related financial commitments, (…) gifts to organizations whose primary purpose is sectarian, religious or political” (1)(2).

State Street does not provide viewpoint protections for its employees (1).

State Street has advocated for the Equality Act and was part of the Freedom for All Americans coalition, which advocated for federal legislation that would overrule state laws designed to protect girls’ sports and similar laws (1)(2). The firm also recently implemented new race-based hiring practices that will require proof of interviewing a woman or ethnic-minority candidate before hiring a white man (3). State Street opposed the Florida Parental Rights in Education Act, which prohibits teaching gender identity and sexual orientation in schools to kids in K-3rd grade (4). SSGA said, “Our main focus in 2022 will be to support the acceleration of the systemic transformations underway in climate change and the diversity of boards and workforces” (5). SSGA claims that climate change is the biggest risk factor to investor portfolios (6). The CEO of SSGA, Ronald O’Hanley, is a member of the Business Roundtable, but has not supported ideological initiatives (7).

State Street pays for its employees’ abortions and related costs (1). State Street 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 (2)(3). State Street has pledged over $6 million to the Black Lives Matter movement and related causes (4)(5). State Street is a copper sponsor of Out & Equal (6). State Street and its subsidiary, Charles River, are corporate partners of the National LGBT Chamber of Commerce (7).

State Street has not used its political contributions for ideological purposes (1)(2)(3).