State Street Ends Diversity Hiring Goals
State Street has quietly eliminated its board diversity mandates and removed the web page explaining the goals.
What is the state of diversity, equity, and inclusion (DEI) at State Street? Here’s everything you need to know.
The DEI Program At State Street
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See Also: BlackRock Cuts DEI From Annual Report
State Street Deleted Its Web Page Highlighting Diversity Goals
State Street’s existing DEI page links to a sub-page called “Diversity goals.”
The description for that page reads, “Our differences unite us and set the foundation of an inclusive culture. Measuring and reporting on our diversity goals reminds us to drive more equitable representation across the company.”
However, when clicking the page, it brings up a 404 error (“we can’t find the page you are looking for“).
SSGA Removed Board Gender & Race Mandates
State Street Global Advisors (SSGA), the asset management division of State Street Corporation, has eliminated its previous mandates for female and minority representation on corporate boards.
The updated proxy voting guidelines, effective March 2025, no longer specify these diversity targets.
Summary
State Street has removed its board diversity targets for its Global Advisors division and taken down related website pages, signaling a pullback in DEI commitments.
Conclusion: State Street has an active, yet shrinking, DEI program.
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