Corporate Activism
As part of our social enterprise mission, Beneficial State takes public stances, advocates for policies, and makes endorsements in support of various causes. Our organization deeply values social, environmental, and economic justice.
In recent years, we have taken stances on critical equity issues like affordable housing, safe and accessible parks, clean energy jobs, and preserving sanctuary state status. We believe that our role goes beyond the banking sector and into the communities we serve.
Beneficial State Bank has historically endorsed ballot measures, including:
Values in Action
April 2021
Open Letter to the Asset Managers
Our co-founders, Kat Taylor and Tom Steyer, and Executive Director, Erin Kilmer Neel, joined 140+ racial justice leaders to call for asset managers to uphold their racial equity commitments in a full-page ad in the Financial Times.
March 2020
Banking on Climate Change Report
We endorsed this critical report that reveals which banks are the largest fossil fuel funders - to the tune of $1.9 trillion - since the Paris Agreement. This report informs our advocacy to end climate destructive finance and cut the ties between the fossil fuel and banking industries.
Feb 2020
Insure Our Future
Alongside values-aligned businesses, we’ve committed to assess our insurance as a part of our goal to reduce our carbon footprint. Insurers are key players in the climate crisis as they continue to provide coverage to companies and projects causing climate change.
Aug 2019
Dear Business Roundtable CEOs: Let’s Get to Work
Along with 32 other B Corps CEOs, we called for business leaders of the Business Roundtable to adopt benefit corporation governance structures and to work together to make real change happen.
June 2019
Don’t Ban Equality - Reproductive Freedom CEO Sign-On Letter
We joined 175 other companies in signing a historic New York Times statement affirming the importance of reproductive health to equality in the workplace. Universal access to reproductive healthcare and people having autonomy over their own bodies are part of our vision for a just economy.
May 2019
We the Change – B Corp Women CEO Pledge
Our co-founder Kat Taylor joined 100 women B Corp CEOs pledging to advance women’s leadership, prosperity, and well-being; promote sustainable business practices; increase the flow of capital to women-led enterprises; and advocate for systemic changes to uplift marginalized people.
Jan 2018
Beware the Potential Irony of BlackRock’s Letter
Our co-founder Kat Taylor responded to BlackRock CEO Larry Fink’s call to CEOs that corporations have a responsibility to address societal issues. Kat argues that corporate leaders must show more credible signs of true awakening with real action and accountability.