Company Directory - Voya Financial, Inc.
Company Details - Voya Financial, Inc.
Voya Financial, Inc.
WebsiteNew York, United States
Voya Financial, Inc. is a leading financial services company providing retirement, investment, insurance, and savings solutions to individuals and institutions. With a commitment to helping clients achieve long‐term financial security, the company offers a range of products and services tailored to meet the diverse needs of its customers.
CCI Score
CCI Score: Voya Financial, Inc.
18.33
-0.01%
Latest Event
Dismissal of Racial Discrimination Lawsuit
On August 22, 2024, a federal court dismissed with prejudice a racial discrimination and retaliation lawsuit filed by Black Voya Financial Advisors Inc. workers. The suit alleged that the firm steered accounts away from Black advisors toward White-owned agencies, calling into question the company’s equitable labor practices.
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SABOTEUR
Voya Financial, Inc. is currently rated as a Saboteur.
Latest Events
- AUG222024
On August 22, 2024, a federal court dismissed with prejudice a racial discrimination and retaliation lawsuit filed by Black Voya Financial Advisors Inc. workers. The suit alleged that the firm steered accounts away from Black advisors toward White-owned agencies, calling into question the company’s equitable labor practices.
-30
Labor Relations and Human Rights Practices
March 28
The dismissal of a lawsuit alleging discriminatory practices, even if legally resolved, highlights concerns regarding the treatment of marginalized workers. Allegations that Voya steered accounts away from Black financial advisors point to potential biases in the firm’s labor practices. From an anti-fascist perspective that centers the rights and fair treatment of minority workers, this event reflects negatively on the company’s human rights practices.
Voya Financial Ends Bias, Retaliation Suit From Black Workers
- JAN012024
Voya Financial, Inc.'s Political Action Committee has filed its FEC Disclosure Form 3X, detailing routine financial data including cash on hand, receipts, and disbursements for the reporting period beginning January 1, 2024. There is no indication in the filing that the committee’s activities support authoritarian or far‑right candidates.
+0
Political Contributions and Lobbying Efforts
March 28
The filing presents standard PAC financial activity with disclosed receipts, disbursements, and cash holdings. There is no evidence from this disclosure that the political contributions are directed towards authoritarian or far‑right agendas. As such, the action remains politically neutral from an anti‑fascist perspective.
FEC Disclosure Form 3X for Voya Financial, Inc., Political Action Committee (Voya Financial PAC)
- DEC312023
Voya Financial, Inc. spent $160,000 on lobbying activities in 2023, as reported by OpenSecrets. This expenditure highlights the company's active role in influencing public policy through lobbying efforts.
-40
Political Contributions and Lobbying Efforts
March 28
The reported $160,000 spent on lobbying is indicative of Voya Financial’s engagement in influencing policy decisions. From an anti-fascist perspective, using corporate funds for such activities raises concerns about undue corporate influence and potential prioritization of business interests over the needs of marginalized communities and broader democratic accountability.
- DEC012023
Voya Financial, Inc. has received a perfect score of 100 on the Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index, marking its 18th consecutive year of outstanding performance in promoting LGBTQ+ workplace inclusion and non-discrimination policies.
+100
Labor Relations and Human Rights Practices
March 28
Voya Financial’s achievement of a perfect score on the Corporate Equality Index for 18 consecutive years demonstrates a robust commitment to LGBTQ+ inclusion and upholding high standards in workplace non-discrimination. This record not only affirms their ethical business practices but also reinforces their position as a progressive company actively countering authoritarian, exclusionary policies.
- MAR012023
Voya Financial, Inc. was recognized by Ethisphere as one of the World's Most Ethical Companies for the 10th consecutive year, highlighting its adherence to strong ethical and governance practices that foster transparency and corporate accountability.
+80
Business Practices and Ethical Responsibility
March 28
The recognition from Ethisphere, which honors companies with exemplary ethical standards, clearly underscores Voya Financial's commitment to ethical business practices and accountability. This achievement reflects a positive contribution to responsible corporate conduct, aligning the company against authoritarian practices.
- JAN012023
Voya Financial, Inc. was reported to have spent $40,000 on lobbying efforts during 2023, as detailed by OpenSecrets. This spending reflects the company’s engagement in influencing public policy through political lobbying.
-30
Political Contributions and Lobbying Efforts
March 28
Voya Financial’s reported lobbying expenditure of $40,000 in 2023 indicates active engagement in political contributions and lobbying efforts. Such activities can contribute to undemocratic corporate influence over public policy, potentially undermining transparency and contributing to power imbalances. From an anti-fascist perspective, corporate lobbying is seen as an extension of efforts to entrench established power structures at the expense of broader democratic accountability.
- JAN012023
Voya Financial, Inc. has been recognized by Ethisphere as one of the 2023 World's Most Ethical Companies. The company highlights its long‐term commitment to ethical business practices through annual employee training on its Code of Business Conduct and Ethics, an annual Ethics Awareness Week spearheaded by its CEO, and robust compliance policies including an Anti-Corruption and Anti-Bribery Policy.
+80
Business Practices and Ethical Responsibility
March 28
The recognition for being one of the World’s Most Ethical Companies underscores Voya's commitment to responsible business practices and integrity. Their investments in comprehensive employee training, annual Ethics Awareness Week, and strong compliance policies signal a positive, ethical operating environment that supports progressive, anti-authoritarian values.
- JAN012023
Voya Financial, Inc.'s Political Action Committee has filed FEC data detailing its independent expenditures and disbursements for the period from January 1, 2023 to December 31, 2024. The filing provides a breakdown of support and opposition spending without explicitly indicating support for any particular ideological agenda.
+0
Political Contributions and Lobbying Efforts
March 28
The published FEC filing represents routine political activity through a corporate PAC. There is no evidence provided that Voya Financial is using its PAC contributions to support authoritarian or far‐right causes, positioning this as a neutral political engagement activity.
VOYA FINANCIAL, INC., POLITICAL ACTION COMMITTEE (VOYA FINANCIAL PAC) - committee overview
- JAN012022
Voya Financial overhauled its 2022 proxy statement to include enhanced transparency regarding its political contributions and lobbying expenses and suspended PAC distributions following the January 6 insurrection, reflecting a commitment to responsible corporate governance and distancing from extremist influences.
+70
Political Contributions and Lobbying Efforts
March 28
The revamped proxy statement explicitly details the company’s political contribution governance and lobbying expenses, and the suspension of PAC distributions post the January 6 insurrection underscores a proactive measure to counter extremist influences. This transparency and policy change supports democratic accountability and aligns with anti-authoritarian values.
How Voya Financial successfully revamped its proxy statement
- DEC312018
The SEC fined Voya Financial Advisors $23 million for conflicts of interest and misleading practices, including recommending higher-fee products over cheaper alternatives, in violation of fiduciary duty from 2013 to 2018. The enforcement action required not only a civil penalty but also restitution to affected clients and changes in compliance procedures.
-60
Business Practices and Ethical Responsibility
March 28
Voya Financial Advisors demonstrated unethical business practices by failing to prioritize the best interests of its advisory clients, instead channeling clients into higher-fee, conflict-laden investment options. The SEC’s enforcement, which included a significant penalty and required restitution, underscores serious breaches of fiduciary duty and a disregard for transparent, ethical business practices.
SEC slams Voya Financial with $23 million penalty for conflicts at RIA - Investment News
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- Investment Advice
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- Portfolio Management