Voya Financial

New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Voya Financial 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, Voya Financial 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. Voya Financial 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. The company is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices. Voya Financial's Executive Chairman Rodney O. Martin signed Catalyst's Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets. The company’s Diversity Scholars Program excludes applicants based on race, excluding White applicants. Voya provides unconscious bias training for its business leaders. The company has not used its corporate reputation to sign onto pro-LGBTQ letters or legislation but has published a news page on its site supporting the LGBTQ agenda. Voya’s former CEO, Rodney O. Martin, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The companyc is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce. For these reasons, Voya Financial receives a High Risk rating.

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