Company Directory - State Street Corporation
CCI Score
CCI Score: State Street Corporation
22.50
Latest Event
State Street Corporation - Political Contributions Policy
State Street Corporation has detailed its political contributions and activities policy, emphasizing that only personal funds can be used for political contributions, and strictly prohibiting the use of company resources for political activity. The policy enforces pre-clearance for certain employees and mandates full transparency, which, from an anti-fascist perspective, helps mitigate undue corporate political influence.
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SABOTEUR
State Street Corporation is currently rated as a Saboteur.
Latest Events
JAN012025State Street Corporation has detailed its political contributions and activities policy, emphasizing that only personal funds can be used for political contributions, and strictly prohibiting the use of company resources for political activity. The policy enforces pre-clearance for certain employees and mandates full transparency, which, from an anti-fascist perspective, helps mitigate undue corporate political influence.
+60
Political Contributions and Lobbying Efforts
March 18
State Street's policy clearly delineates personal political contributions from corporate funds, ensuring that corporate resources are not used to further political agendas. This separation and transparency serve as a countermeasure against corporate manipulation of political processes, aligning with anti-fascist principles by limiting corporate power in influencing elections and public policy.
- JUL262024
State Street Corporation settled for $7,452,501 over 38 apparent violations of OFAC's Ukraine-/Russia-Related sanctions. This settlement raises concerns about its engagement in economic transactions that could indirectly support authoritarian regimes by bypassing critical regulatory safeguards.
-60
Economic Collaboration
March 18
The settlement indicates that State Street engaged in financial practices that violated OFAC sanctions aimed at preventing economic collaboration with entities linked to authoritarian regimes. Such actions undermine regulatory safeguards designed to block financial support for regimes that may foster authoritarianism, thereby contributing indirectly to conditions favorable to fascist practices.
- JUL222024
State Street Corp. has agreed to set aside $4.2 million for future pay adjustments to resolve allegations of gender wage discrimination, following concerns raised by the OFCCP regarding unequal compensation for female managing directors.
+70
Labor Relations and Human Rights Practices
March 18
State Street's initiative to reserve $4.2M for future pay equity adjustments is a proactive step in addressing gender wage discrimination. This action demonstrates a commitment to improving labor practices and adhering to federal non-discrimination laws enforced by the OFCCP. While it positively impacts gender equity, continued efforts are needed to ensure lasting changes across all levels of the organization.
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