DTCC’s longstanding commitment to protecting global financial markets is matched by its equally strong commitment to support local communities and residents across the company’s offices worldwide. In the past, DTCC’s philanthropic efforts focused primarily on helping U.S.‐based non‐profit organizations. The evolution and growth of the firm in recent years, however, has created an opportunity to empower employees in local offices to sustain charitable activities and support organizations in numerous communities and neighborhoods across the globe.
In 2014, DTCC launched a new global CSR strategy that aligns our philanthropic activities with corporate goals and objectives for maximum impact to the communities in which we do business. The strategy targets three focus areas:
Preparing our workforce of tomorrow by supporting improved access and opportunities in science, technology, engineering and mathematics (S.T.E.M.) education for children.
Supporting the economic development of the communities where we operate - with a particular emphasis on expanding the economic opportunity and community engagement of the financially disadvantaged.
Protecting and conserving our natural resources by developing less resource-intensive business practices and engaging and educating employees and clients.
Examples of our 2014 corporate responsibility efforts include:
During the October “Month of Giving,” each of DTCC’s sites identified local charitable organizations aligned with the firm’s CSR focus areas, providing corporate charitable donations and a pledge of ongoing support, including volunteer activities with DTCC employees.
DTCC collaborated with Pencil, a non-profit organization that creates partnerships between corporations and local schools to improve student and school performance, to sponsor a College & Career Readiness program at Lower Manhattan Prep in New York. Each month throughout the school year, a team of DTCC employees leads interactive sessions with students committed to improving their post-high school graduate preparedness.
DTCC partnered with Goldman Sachs to co-sponsor a design competition for ReUse Jersey City an environmental sustainability initiative sponsored by the Jersey City Mayor’s office, which aims to bring together schools, non-profits and corporations to reduce plastic bag use in the city.
DTCC employees led nearly 40 volunteer events with local charities to promote improved access to education, economic development and environmental sustainability.
Roll over each photo to see our global impact.
Throughout 2014, DTCC’s refreshed Diversity and Inclusion (D&I) mission and vision were embedded into all aspects of the organization’s workplace and helped reinforce DTCC’s commitment to fully embrace both the similarities and differences of its global workforce. Focusing on three strategic pillars Workplace, Workforce and Marketplace DTCC delivered new initiatives and programs in 2014 that increased workplace accommodations, renewed its recruitment strategy and advanced its reputation as an employer of choice.
Among examples of our 2014 diversity and inclusion programs are:
A new Inclusive Leadership Training Program for all people managers that helped raise awareness of insider/outsider dynamics and the unconscious biases that exist within us all. The initiative helped train DTCC’s current and future leaders to understand the inter-connectedness that exists between an inclusive workplace, employee engagement and productivity.
A review of DTCC’s disability accommodation practices to reinforce our commitment to hiring and supporting disabled employees. One result was a documented policy and process to close the information gap for managers and employees who were unaware of the right to request reasonable accommodations, such as modified workspaces or alternative work arrangements.
An assessment of DTCC’s religious accommodation practices, completed with the help of the Tanenbaum Center for Interreligious Understanding. This led to the implementation of a Religious Accommodations Policy and the establishment of Contemplation Rooms in several U.S. locations. These designated spaces are used by employees for reflection, meditation, religious and non-religious practices. As a result of this work, DTCC was recognized as one of six 2014 Corporate Leaders for Inclusion, along with Bloomberg, Citigroup, EmblemHealth, Korn Ferry and Walmart. Religious accommodations will be addressed in additional locations in 2015.
Focused efforts to recruit and retain employees from a more diverse range of backgrounds and experiences in order to strengthen the business. DTCC is committed to casting the widest net possible to recruit the best people as it competes with the largest institutions for talent. In 2014, DTCC participated in various targeted recruitment opportunities, including the Women in Technology International virtual career fair, the ALPFA Convention, which focuses on Hispanic/Latino talent, and the National Black MBA conference.
Top marks from the Human Rights Campaign, a U.S. civil rights organization working to achieve equality for lesbian, gay, bisexual and transgender Americans. For the third consecutive year, DTCC achieved a perfect score on the Corporate Equality Index an assessment of our workplace policies and programs and continues to be ranked one of the Best Places to Work for members of the LGBT community.