The recently published Civil Rights Audit report, sourced from State Street, offers an exhaustive review of the company’s efforts (and shortcomings) in advancing racial equity. The audit highlights that while some policies exist to promote diversity, supplier inclusion, and community engagement, overall performance remains mediocre – with the firm failing to lead compared to peer institutions. This reflects negatively on business practices and structural economic influence within its operations, including those related to Quincy Securities Corporation as a subsidiary of State Street.

A comprehensive civil rights audit, designed by Relman Colfax, reveals significant shortcomings in State Street’s approach to racial equity, community engagement, and supplier diversity. Although the report focuses on State Street Corporation, its deficiencies implicate subsidiaries, including Quincy Securities Corporation, by association. The report criticizes weak leadership messaging on racial equity, poor website accessibility, and structural failures in supporting BIPOC communities.

The 2021 Annual Report of the State Street PACs details extensive corporate political contributions and senior leadership involvement in directing political spending. While the report stresses transparency and claims to avoid supporting anti-democratic candidates, the reliance on corporate PACs to influence policy raises significant concerns from an anti‑fascist perspective about the undue power of corporate money in politics.