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Thursday, October 17, 2024

El Segundo-based Cetera Financial Group earned ‘Corporate Equality Index’ score of 95

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Cetera Financial Group, which is based in El Segundo, earned a score of 95 in a ranking that evaluates the corporate non-discrimination policies based on “sexual orientation” and “gender identity.”

A total of 46 companies in California received a rating of 100 on the Human Rights Campaign Foundation’s Corporate Equality Index. Nationwide, 842 businesses received the maximum score, reflecting the rating’s evaluation that these are among the “best places” for LGBTQ+ members to work.

Cetera Financial Group is not on the Fortune 1000 list of large U.S. companies.

The CEI rating criteria are based on four categories: nondiscrimination policies, pledges of equal benefits for LGBTQ+ employees and their families, support for an inclusive workplace and “corporate social responsibility.”

Companies might be adhering to CEI policies to please their top shareholders and secure bonuses and board positions for themselves, the New York Post reported. BlackRock CEO Larry Fink, who has been called “the face” of environmental, social and corporate governance (ESG), wrote in a 2018 letter to CEOs titled “A Sense of Purpose” that companies that fail to serve a social purpose “will ultimately lose the license to operate from key stakeholders.”

Republican presidential candidate Vivek Ramaswamy, author of “Woke Inc.: Inside America’s Social Justice Scam,” said, “The big fund managers like BlackRock all embrace this ESG orthodoxy in how they apply pressure to top corporate management teams and boards and they determine, in many cases, executive compensation and bonuses and who gets re-elected or re-appointed to boards. They can make it very difficult for you if you don’t abide by their agendas.”

Prioritizing CEI rankings might not always bring the results executives are hoping for, as in the case of Anheuser-Busch’s promotion of Dylan Mulvaney, a 26-year-old TikTok star who transitioned from male to female in 2021 and has since raked in over $1 million in brand endorsements. Bud Light’s and Nike’s ad campaigns featuring Mulvaney drew criticism from stars like Kid Rock, Travis Tritt and Caitlyn Jenner, but Derek Kreifels, the co-founder and CEO of State Financial Officers Foundation, said the backlash may end up being more significant.

In the two weeks after Bud Light’s launch of the Mulvaney ad campaign, Anheuser-Busch’s value decreased by more than $5 billion, the New York Post reported.

The CEI ranking examines business-related activities such as education, training and accountability measures and how inclusive they are.

A total of 1,200 companies, both privately and publicly held, participated in the survey in 2022. The Human Rights Campaign Foundation initiated the survey in 2002.

List of CEI-Rated Companies in California
EmployerHeadquarters LocationState2022 CEI RatingFortune 1000 Rank?
Activision BlizzardSanta MonicaCA-Yes
AECOMLos AngelesCA100Yes
Amyris, Inc.EmeryvilleCA90No
Anschutz Entertainment Group, Inc.Los AngelesCA100No
AtlassianSan FranciscoCA100No
Avery DennisonGlendaleCA100Yes
Bank WestSan FranciscoCA100No
BlendSan FranciscoCA90No
Blue Shield CaliforniaSan FranciscoCA100No
Brown CaldwellWalnut CreekCA90No
Buchalter, Professional CorporationLos AngelesCA100No
Cadence Design SystemsSan JoseCA100Yes
Cetera Financial GroupEl SegundoCA95No
CooperCompaniesSan RamonCA100No
CoreLogicIrvineCA50Yes
CSAA Insurance GroupWalnut CreekCA100No
Cubic CorporationSan DiegoCA100No
Del Monte Foods, Inc.Walnut CreekCA100No
DoorDash, Inc.San FranciscoCA100No
Doximity, Inc.San FranciscoCA90No
E&J Gallo WineryModestoCA100No
Edison InternationalRosemeadCA100Yes
EquinixRedwood CityCA100Yes
Experian North AmericaCosta MesaCA100No
Farmers Insurance GroupWoodland HillsCA255Yes
Federal Reserve Bank San FranciscoSan FranciscoCA100No
Franklin Templeton InvestmentsSan MateoCA100Yes
Gordon Rees Scully Mansukhani, LLPSan FranciscoCA100No
Gusto, Inc.San FranciscoCA95No
Hitachi VantaraSanta ClaraCA100No
Hyundai Motor AmericaFountain ValleyCA100No
Hyve Solutions CorporationsFremontCA100No
IlluminaSan DiegoCA100Yes
Impossible FoodsRedwood CityCA100No
Ingram MicroIrvineCA100Yes
InstacartSan FranciscoCA100No
Kaiser PermanenteOaklandCA100No
KB HomeLos AngelesCA30Yes
Keep Truckin, Inc.San FranciscoCA95No
KLA CorporationMilpitasCA30Yes
Korn FerryLos AngelesCA100No
LendingClubSan FranciscoCA100No
LinkedInSunnyvaleCA100Yes
LivongoMountain ViewCA90No
Meta Platforms, Inc.Menlo ParkCA100Yes
MomentiveSan MateoCA95No
NortonLifeLockMountain ViewCA100Yes
Oaktree Capital Management LPLos AngelesCA100Yes
Palo Alto NetworksSanta ClaraCA100Yes
Petco Health & Wellness, Inc.San DiegoCA80Yes
PIMCO LLCNewport BeachCA100No
Robert HalfMenlo ParkCA100Yes
SalesforceSan FranciscoCA100Yes
Sanmina-SCISan JoseCA0Yes
SBELos AngelesCA40No
SempraSan DiegoCA100Yes
SephoraSan FranciscoCA100No
ServiceNowSanta ClaraCA100No
Sonos, Inc.Santa BarbaraCA100No
Sweetgreen, Inc.Los AngelesCA100No
Talend, Inc.Redwood CityCA70No
TriNet USA, Inc.Dublin,CA75No
Virgin OrbitLong BeachCA95No
VisaSan FranciscoCA100Yes
Vision Service PlanRancho CordovaCA40No
Xperi Holding CorporationSan JoseCA85No
Ziff DavisLos AngelesCA100No
Zoom Video Communications, Inc.San JoseCA85No

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