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Tuesday, December 3, 2024

Bloomington-based State Farm Group earned ‘Corporate Equality Index’ score of 100

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State Farm Group, which is based in Bloomington, earned a score of 100 in a ranking that evaluates the corporate non-discrimination policies based on “sexual orientation” and “gender identity.”

A total of 15 companies in Illinois 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.

State Farm Group is 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 Illinois
EmployerHeadquarters LocationState2022 CEI RatingFortune 1000 Rank?
Abbott LaboratoriesAbbott ParkIL95Yes
Alight SolutionsLincolnshireIL100No
Baker Tilly US, LLPChicagoIL100No
Beam SuntoryChicagoIL100No
CIBC Bank USAChicagoIL85No
CNA Financial CorporationChicagoIL100No
Crate Barrel / CB2NorthbrookIL90No
Cushman & WakefieldChicagoIL100No
Discover Financial ServicesRiverwoodsIL100Yes
EssendantDeerfieldIL70Yes
Federal Reserve Bank ChicagoChicagoIL100No
JLLChicagoIL100Yes
KearneyChicagoIL100No
Kin + CartaChicagoIL90No
MERGEChicagoIL95No
Molson Coors Beverage CompanyChicagoIL100Yes
NielsenIQChicagoIL100No
NumeratorChicagoIL85No
Old Republic InternationalChicagoIL20Yes
Packaging Corporation AmericaLake ForestIL20Yes
Rightpoint Consulting, LLCChicagoIL90No
S&C Electric CompanyChicagoIL80No
State Farm GroupBloomingtonIL100Yes
TransUnionChicagoIL100Yes
True Value Company, L.L.C.ChicagoIL85Yes
Ulta Salon, Cosmetics & FragranceBolingbrookIL65Yes
United Airlines Holdings, Inc.ChicagoIL100Yes
UScellularChicagoIL100No
Zebra Technologies CorporationLincolnshireIL95Yes
Zurich North AmericaSchaumburgIL95No

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