Neuberger Berman Earns Top Marks in Human Rights Campaign’s 2021 Corporate Equality Index
Neuberger Berman recognized as a “Best Place to Work for LGBTQ Equality”
New York, January 28, 2021 — Neuberger Berman, a private, independent, employee-owned investment manager, proudly announced that it received a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index, the nation’s foremost benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality.
George Walker, Chairman and CEO, stated, “Participating in the CEI was a meaningful learning experience in our continued equity, inclusion, and diversity efforts. It enabled us to better measure our policies and practices, as well as analyze areas of opportunity – both versus peers, and more broadly, across companies in many industries.”
“From the previously unimaginable impact of the COVID-19 pandemic, to a long overdue reckoning with racial injustice, 2020 was an unprecedented year. Yet, many businesses across the nation stepped up and continued to prioritize and champion LGBTQ equality,” said Alphonso David, Human Rights Campaign President. “This year has shown us that tools like the CEI are crucial in the work to increase equity and inclusion in the workplace, but also that companies must breathe life into these policies and practices in real and tangible ways. Thank you to the companies that understand protecting their LGBTQ employees and consumers from discrimination is not just the right thing to do—but the best business decision.”
Andy Johnson, Senior Diversity & Inclusion Leader said, “Achieving this recognition would not have been possible without the efforts of NB Pride, our LGBTQ-focused employee resource group that launched in 2019. A significant portion of our CEI score was based on driving an inclusive culture, as well as supporting LGBTQ corporate social responsibility efforts, both areas where NB Pride has been a critical leader. Importantly, we have identified several opportunities to continue to evolve our policies and practices going forward—and NB Pride will be deeply engaged with the firm in those efforts.”
Equity, Inclusion and Diversity is one of Neuberger Berman’s business priorities and it continues to focus deeply on establishing policies, practices, and a broader culture that drives a greater sense of belonging, fairness and opportunity for all underrepresented populations at the firm.
The results of the 2021 CEI showcase how 1,142 U.S.-based companies are not only promoting LGBTQ-friendly workplace policies in the U.S., but also for the 57% of CEI-rated companies with global operations who are helping advance the cause of LGBTQ inclusion in workplaces abroad. Neuberger Berman’s efforts in satisfying all of the CEI’s criteria earned a 100 percent ranking and the designation as one of the Best Places to Work for LGBTQ Equality.
The CEI rates employers providing these crucial protections to over 18 million U.S. workers and an additional 17 million abroad. Companies rated in the CEI include Fortune magazine’s 500 largest publicly traded businesses, American Lawyer magazine’s top 200 revenue-grossing law firms (AmLaw 200), and hundreds of publicly and privately held mid- to large-sized businesses.
The CEI rates companies on detailed criteria falling under four central pillars:
- Non-discrimination policies across business entities;
- Equitable benefits for LGBTQ workers and their families;
- Supporting an inclusive culture; and,
- Corporate social responsibility.
The full report is available online at www.hrc.org/cei.
The Human Rights Campaign Foundation is the educational arm of America's largest civil rights organization working to achieve equality for lesbian, gay, bisexual transgender and queer people. HRC envisions a world where LGBTQ people are embraced as full members of society at home, at work and in every community.
About Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages a range of strategies—including equity, fixed income, quantitative and multi-asset class, private equity, real estate and hedge funds—on behalf of institutions, advisors and individual investors globally. With offices in 24 countries, Neuberger Berman’s diverse team has over 2,300 professionals. For six consecutive years, the company has been named first or second in Pensions & Investments Best Places to Work in Money Management survey (among those with 1,000 employees or more). In 2020, the PRI named Neuberger Berman a Leader, a designation awarded to fewer than 1% of investment firms for excellence in Environmental, Social and Governance (ESG) practices. The PRI also awarded Neuberger Berman an A+ in every eligible category for our approach to ESG integration across asset classes. The firm manages $405 billion in client assets as of December 31, 2020. For more information, please visit our website at www.nb.com.