Company Directory - State Street Global Advisors
Company Details - State Street Global Advisors
State Street Global Advisors
WebsiteBoston, United States
State Street Global Advisors is the investment management division of State Street Corporation, one of the largest asset management firms globally. It offers a broad range of investment strategies and solutions to both institutional and individual investors.
CCI Score
CCI Score: State Street Global Advisors
-4.38
Latest Event
State Street Updates Global Proxy Voting and Engagement Policy
State Street Global Advisors has revised its proxy voting and engagement policy, removing explicit mandates for board diversity that were previously promoted. By shifting away from specific diversity targets, the firm appears to be moving towards a more neutral stance on corporate governance, which many progressive and anti‑fascist advocates view as a retreat from actively supporting inclusive and progressive board practices.
Take Action
So what can you do? It's time to make tough choices. Where will you cast your vote?
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
BYSTANDER
State Street Global Advisors is currently rated as a Bystander.
Latest Events
- MAR072025
State Street Global Advisors has revised its proxy voting and engagement policy, removing explicit mandates for board diversity that were previously promoted. By shifting away from specific diversity targets, the firm appears to be moving towards a more neutral stance on corporate governance, which many progressive and anti‑fascist advocates view as a retreat from actively supporting inclusive and progressive board practices.
-30
Public and Political Behavior
March 27
The updated policy reflects a move away from an active endorsement of progressive mandates by eliminating explicit board diversity targets. This curtailment of progressive engagement in proxy voting can potentially undermine efforts to ensure diverse and inclusive corporate oversight, which is seen as important in resisting authoritarian norms.
State Street Updates Global Proxy Voting and Engagement Policy : TheCorporateCounsel.net Blog
-20
Business Practices and Ethical Responsibility
March 27
By eliminating specific diversity and inclusion targets in its proxy voting guidelines, State Street appears to be diluting its commitment to progressive, ethical business practices. From an anti‑fascist perspective, this shift may reduce accountability and lessen the encouragement for robust, diverse board governance, thereby indirectly enabling entrenched power structures.
State Street Updates Global Proxy Voting and Engagement Policy : TheCorporateCounsel.net Blog
- MAR042025
State Street Global Advisors (SSGA) has updated its proxy voting and engagement policies by removing explicit diversity requirements and strict governance guidelines. These changes signal a shift away from activist measures that previously held portfolio companies accountable for inclusive practices and robust oversight, potentially undermining efforts against authoritarian corporate practices.
- MAR032025
State Street Global Advisors has updated its Global Proxy Voting and Engagement Policy for 2025, notably removing explicit board diversity targets. This marked shift away from enforced diversity standards, under the guise of non-intervention in portfolio companies, raises concerns over the firm’s commitment to inclusive corporate practices and its broader role in democratic accountability.
-50
Public and Political Behavior
March 27
The updated policy represents a significant shift in State Street’s approach to proxy voting, where the firm has moved away from specific board diversity targets. While the stated intent is to focus solely on client interests and avoid interfering in the control of portfolio companies, this change undermines efforts to enforce diverse and representative board structures, which can be crucial in resisting authoritarian or fascist tendencies in corporate governance. From a left-leaning perspective, the removal of explicit diversity requirements diminishes accountability and may be seen as a retreat from progressive corporate values.
State Street Updates Global Proxy Voting and Engagement Policy : TheCorporateCounsel.net Blog
- MAR012025
SSGA has revised its proxy voting and engagement policy effective March 1, 2025, making significant changes that reduce emphasis on board diversity, stringent ESG disclosures, and activist oversight. This adjustment may undermine progressive corporate governance practices and weaken accountability measures, with potential implications for broader democratic values.
-30
Public and Political Behavior
March 27
The updated proxy voting policy reflects a de-escalation in SSGA's engagement on key issues such as board composition, diversity, and sustainability. By stepping back from aggressive shareholder activism, the firm may inadvertently support the status quo that bolsters traditional power structures, which can align with authoritarian tendencies.
-50
Business Practices and Ethical Responsibility
March 27
SSGA's policy revision reduces commitments to strong governance practices by scaling back on active shareholder engagement related to board diversity, climate risk management, and accountability. This decline in proactive oversight reflects a shift towards a more passive stance that may favor conventional corporate interests over progressive reforms.
- JAN012025
A report from the Business & Human Rights Resource Centre highlights allegations concerning forced labour and inadequate worker protection measures at State Street Global Advisors. The report raises concerns about the company's labor relations and its response to allegations of exploitation, prompting questions about its commitment to human rights practices.
-50
Labor Relations and Human Rights Practices
March 27
The article reports allegations of forced labour and critiques the company’s approach to worker organization and protection. Given that robust labor rights are essential to counter systemic exploitation and abuse, the report suggests significant human rights issues within the company's labor practices. This casts a negative light on State Street Global Advisors’ commitment to ethical labor practices.
State Street Global Advisors (SSgA) - Business & Human Rights Resource Centre
- APR262023
State Street Global Advisors released a Modern Slavery Statement detailing measures to combat forced labor and human trafficking risks in its operations and supply chains. The document outlines rigorous due diligence, compliance training, and supplier contract standards aimed at upholding human rights.
+75
Labor Relations and Human Rights Practices
January 1
The Modern Slavery Statement underscores the company's commitment to ethical labor practices and human rights protections. Its detailed policies and compulsory training indicate proactive measures to mitigate forced labor risks, demonstrating positive human rights practices.
+70
Supply Chain Ethics
January 1
The document provides a comprehensive overview of the supply chain ethics framework. It details supplier selection criteria, mandatory modern slavery clauses in contracts, and continuous monitoring efforts. Although robust, additional independent audits could further fortify these measures.
- JUN162022
State Street Global Advisors released its 2021 Modern Slavery Act Statement, outlining robust measures in supplier due diligence, mandatory staff training, and contractual anti-slavery clauses to mitigate human trafficking and forced labor risks in its global supply chain.
+75
Business Practices and Ethical Responsibility
March 27
The company’s statement demonstrates a strong commitment to ethical business practices by implementing rigorous due diligence measures, supplier evaluations, and mandatory modern slavery training. These practices reflect a proactive approach to ensure compliance with human rights standards within its operations and supply chain.
+80
Supply Chain Ethics
March 27
The statement details comprehensive supply chain ethics initiatives, including the integration of modern slavery risk assessments into the supplier selection process, strict contractual obligations with suppliers, and ongoing monitoring. These measures reinforce the company's commitment to preventing human rights abuses and strengthening ethical sourcing practices.
- DEC132020
State Street Global Advisors announced it will allow institutional fund investors to determine proxy voting for funds held by the firm, a change aimed at decentralizing decision-making power and reducing concentrated corporate political influence. This move comes in response to mounting political and activist pressure, and aligns with broader trends among major index managers seeking more democratic governance structures.
+60
Public and Political Behavior
March 27
Delegating proxy voting rights to investors represents a shift towards more democratic corporate governance. By reducing centralized decision-making and responding to political pressures, State Street Global Advisors is likely diminishing its direct political influence—a move viewed positively from an anti-fascist perspective which favors transparency and accountability in corporate political behavior.
State Street latest to turn over proxy voting as political pressure builds
Alternatives
Los Angeles, United States
9.55
New York, United States
-22.96
Paris, France
48.47
Toronto, Canada
-22.78
Charlotte, United States
-10.22
New York, United States
-12.03
Malvern, United States
-14.85
Corporation
-20.84
New York, United States
49.32
New York, United States
12.29
Industries
- 523910
- Miscellaneous Intermediation
- 525990
- Other Financial Vehicles
- 523930
- Investment Advice
- 523920
- Portfolio Management