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Tuesday, November 26, 2024

New York-based New York Life Insurance Company earned ‘Corporate Equality Index’ score of 100

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New York Life Insurance Company, which is based in New York, earned a score of 100 in a ranking that evaluates the corporate non-discrimination policies based on “sexual orientation” and “gender identity.”

A total of 53 companies in New York received a rating of 100 on the Human Rights Campaign Foundation’s Corporate Equality Index. Nationwide, 842 businesses received the maximum score, reflecting the rating’s evaluation that these are among the “best places” for LGBTQ+ members to work.

New York Life Insurance Company is on the Fortune 1000 list of large U.S. companies.

The CEI rating criteria are based on four categories: nondiscrimination policies, pledges of equal benefits for LGBTQ+ employees and their families, support for an inclusive workplace and “corporate social responsibility.”

Companies might be adhering to CEI policies to please their top shareholders and secure bonuses and board positions for themselves, the New York Post reported. BlackRock CEO Larry Fink, who has been called “the face” of environmental, social and corporate governance (ESG), wrote in a 2018 letter to CEOs titled “A Sense of Purpose” that companies that fail to serve a social purpose “will ultimately lose the license to operate from key stakeholders.”

Republican presidential candidate Vivek Ramaswamy, author of “Woke Inc.: Inside America’s Social Justice Scam,” said, “The big fund managers like BlackRock all embrace this ESG orthodoxy in how they apply pressure to top corporate management teams and boards and they determine, in many cases, executive compensation and bonuses and who gets re-elected or re-appointed to boards. They can make it very difficult for you if you don’t abide by their agendas.”

Prioritizing CEI rankings might not always bring the results executives are hoping for, as in the case of Anheuser-Busch’s promotion of Dylan Mulvaney, a 26-year-old TikTok star who transitioned from male to female in 2021 and has since raked in over $1 million in brand endorsements. Bud Light’s and Nike’s ad campaigns featuring Mulvaney drew criticism from stars like Kid Rock, Travis Tritt and Caitlyn Jenner, but Derek Kreifels, the co-founder and CEO of State Financial Officers Foundation, said the backlash may end up being more significant.

In the two weeks after Bud Light’s launch of the Mulvaney ad campaign, Anheuser-Busch’s value decreased by more than $5 billion, the New York Post reported.

The CEI ranking examines business-related activities such as education, training and accountability measures and how inclusive they are.

A total of 1,200 companies, both privately and publicly held, participated in the survey in 2022. The Human Rights Campaign Foundation initiated the survey in 2002.

List of CEI-Rated Companies in New York
EmployerHeadquarters LocationState2022 CEI RatingFortune 1000 Rank?
1-800-FLOWERS.COM, Inc.Carle PlaceNY85No
AccentureNew YorkNY100No
AIGNew YorkNY100Yes
Amalgamated BankNew YorkNY100No
AMC NetworksNew YorkNY70Yes
American Express CompanyNew YorkNY100Yes
ArconicNew YorkNY100Yes
Arup US, Inc.New YorkNY100No
AscenaNew YorkNY100Yes
BarclaysNew YorkNY100No
BlackRockNew YorkNY100Yes
Bloomberg LPNew YorkNY100No
BNP ParibasNew YorkNY100No
Bristol Myers SquibbNew YorkNY100Yes
Cahill Gordon & ReindelNew YorkNY95No
CannonDesignNew YorkNY95No
Capri Holdings LimitedNew YorkNY90No
ChobaniNorwichNY100No
Consolidated Edison, Inc.New YorkNY85Yes
CorningCorningNY100Yes
Danone North AmericaWhite PlainsNY100No
Dentsu InternationalNew YorkNY100No
Deutsche BankNew YorkNY100No
EquitableNew YorkNY100Yes
Federal Reserve Bank New YorkNew YorkNY100No
Fox CorporationNew YorkNY75Yes
Hachette Book GroupNew YorkNY90No
Hiscox USANew YorkNY95No
HSBC USANew YorkNY100No
IAC/InterActiveCorp.New YorkNY100Yes
Icahn Enterprises LPNew YorkNY0Yes
Integral Ad Science, Inc.New YorkNY100No
International Flavors & FragrancesNew YorkNY100Yes
J. Crew Group, LLCNew YorkNY100Yes
Kobre & KimNew YorkNY100No
Kroll, LLCNew YorkNY90No
LexisNexis Legal & ProfessionalNew YorkNY100No
Macmillan LearningNew YorkNY100No
Macmillan Publishing GroupNew YorkNY100No
MastercardPurchaseNY100Yes
Morgan StanleyNew YorkNY100Yes
MSLNew YorkNY100No
MUFG Union Bank, N.A.New YorkNY100No
New York Life Insurance CompanyNew YorkNY100Yes
NFPNew YorkNY90No
NielsenNew York CityNY100No
NomuraNew YorkNY100No
Omnicom GroupNew YorkNY100Yes
Oscar Health, Inc.New YorkNY95No
Publicis HealthNew YorkNY100No
Publicis MediaNew YorkNY100No
Publicis NYNew YorkNY100No
Regeneron PharmaceuticalsTarrytownNY20Yes
Scotiabank USANew YorkNY100No
Siemens Healthineers USATarrytownNY100No
Société GénéraleNew YorkNY100No
Sony Corporation AmericaNew YorkNY100No
Sony Music EntertainmentNew YorkNY90No
SquarespaceNew YorkNY95No
Standard CharteredNew YorkNY100No
Sumitomo Mitsui Banking CorporationNew YorkNY100No
Thornton Tomasetti, Inc.New YorkNY90No
TIAANew YorkNY100Yes
TowerBrook Capital PartnersNew YorkNY100No
ViacomCBSNew YorkNY100Yes
Voya FinancialNew YorkNY100Yes
Wachtell, Lipton, Rosen & KatzNew YorkNY90No
Warby ParkerNew YorkNY100No
Warner Music GroupNew YorkNY100No
WPP Group USANew YorkNY100No
Wunderkind CorporationNew YorkNY100No

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