North Boston News

Schneider Electric, which is based in Andover, earned a score of 90 in a ranking that evaluates the corporate non-discrimination policies based on “sexual orientation” and “gender identity.”

A total of 20 companies in Massachusetts 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.

Schneider Electric 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.

Employer	Headquarters Location	State	2022 CEI Rating	Fortune 1000 Rank?
Berkshire Bank	Boston	MA	100	No
Biogen	Cambridge	MA	100	Yes
BJ’s Wholesale Club	Westborough	MA	243	Yes
Blue Cross Blue Shield Massachusetts	Boston	MA	100	No
Boston Consulting Group	Boston	MA	100	No
Bright Horizons	Newton	MA	90	Yes
CarGurus, Inc.	Cambridge	MA	100	No
Cimpress USA	Waltham	MA	100	No
Dentaquest	Boston	MA	95	No
Digitas	Boston	MA	100	No
Eastern Bank Corporation/Eastern Bankshares, Inc.	Boston	MA	100	No
Edelman Financial Engines, LLC	Boston	MA	50	No
EMD Serono, MilliporeSigma EMD Electronics	Burlington	MA	100	No
Everbridge, Inc.	Burlington	MA	60	No
Eversource Energy	Springfield	MA	90	Yes
Federal Reserve Bank Boston	Boston	MA	100	No
Fidelity Investments	Boston	MA	85	No
Global Partners	Waltham	MA	0	Yes
Goulston & Storrs	Boston	MA	100	No
Liberty Mutual Group	Boston	MA	100	Yes
Logmein, Inc.	Boston	MA	90	No
National Grid USA	Waltham	MA	100	No
Nuance Communications	Burlington	MA	100	Yes
Pegasystems	Cambridge	MA	95	No
Philips	Cambridge	MA	100	No
Publicis Sapient	Boston	MA	100	No
Rue Gilt Groupe	Boston	MA	100	No
Schneider Electric	Andover	MA	90	No
Stop & Shop Supermarket Company, LLC	Quincy	MA	100	No
Suffolk Construction Company, Inc.	Boston	MA	75	No
Sun Life	Wellesley Hills	MA	100	No
Toast, Inc.	Boston	MA	95	No
Wayfair	Boston	MA	100	Yes