New HRC Report: Banking and Financial Services Companies Continue to Lead the Way on LGBT Workplace Equality

untitledLiz Halloran | Liz.Halloran@HRC.org | 202-423-2888

Ianthe Metzger | Ianthe.Metzger@hrc.org | 202-772-3889

Wells Fargo, Bank of America and Citigroup among strong class of top performers

WASHINGTON – Banking and financial service companies continue to set the pace for corporate LGBT inclusion, according to a report issued today by the Human Rights Campaign (HRC) Foundation, the educational arm of the nation’s largest lesbian, gay, bisexual, and transgender (LGBT) civil rights organization.

A record-breaking 407 businesses nationwide earned 100-point scores in the CEI, and 50 of them are from the banking and financial sector–second only to the legal sector in the number of perfect scores. Just one banking and financial firm was awarded 100 points when the CEI began in 2002.

A full breakdown of the Corporate Equality Index (CEI) scores for the banking and financial services sector, including 24 Fortune 500 companies, can be found here.

HRC’s Corporate Equality Index (CEI) is America’s premiere benchmarking tool for LGBT workplace equality, and in 2015, for the first time in its 14-year history, required that top-scoring companies have a global non-discrimination policy or code of conduct that specifically prohibits discrimination on the basis of sexual orientation and gender identity. The results of this year’s CEI, which 851 companies actively participated in, showcases how hundreds of U.S.-based multinational companies are not only promoting LGBT-friendly workplace policies in the U.S., but helping to advance the cause of LGBT inclusion in the workplace abroad.

“This caps another year of extraordinary leadership on LGBT workplace equality from the banking and financial services industry.”said Deena Fidas, director of the HRC Foundation’s Workplace Equality Program. “From the earliest days of the Corporate Equality Index, this has been a sector that got it – LGBT inclusion is not just the right thing to do, it’s smart business.”

Those new 100s–The Federal Reserve Bank of Cleveland; Fifth Third Bancorp of Cincinnati, Oh.; Rockland Trust Co. of Rockland, Mass.; TD Ameritrade of Omaha; TD Securities (USA) LLC of New York; and Vanguard Group Inc. of Malvern, Pa. — join top performers including JPMorgan Chase & Co., which received the sector’s only perfect score in the first CEI and continues to set sector standards.

“Our nation’s top companies continue to rise to the challenge of creating workplaces that are fully LGBT-inclusive,” said HRC President Chad Griffin. “This year’s CEI demonstrates yet again that America’s most successful companies continue to set the standard for inclusion, and understand that the fight for LGBT equality is a global endeavor, to be pursued with resolve and urgency.”

The purpose of the CEI, which this year had 851 companies actively participating, is also to encourage small- and medium-sized companies, as well as state and municipal governments, to increase workplace acceptance by extending similar inclusive benefits and protections to LGBT employees.

The CEI rates companies and top law firms on detailed criteria falling under five broad categories:

  1. Non-discrimination policies

  2. Employment benefits

  3. Demonstrated organizational competency and accountability around LGBT diversity and inclusion

  4. Public commitment to LGBT equality

  5. Responsible citizenship

The full report is available online at www.hrc.org/cei.

The Human Rights Campaign Foundation is the educational arm of America’s largest civil rights organization working to achieve lesbian, gay, bisexual and transgender equality. HRC envisions a world where LGBT people are embraced as full members of society at home, at work and in every community.