State Street Investment Management
Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Removal of certain diversity requirements from an index methodology
The reference material reports that, by April 2025, State Street Investment Management had dropped requirements related to board gender representation and certain diversity disclosures from the relevant index methodology. Reuters attributed the change to political pressure, although the material does not provide a separate Reuters URL.
2017
Alleged pay disparities involving women and African-American employees
State Street agreed to pay more than $5 million in back pay and interest to settle allegations that women and African-American employees had been underpaid. The settlement created tension between the firm's public diversity messaging, including Fearless Girl, and criticism of its employment practices.