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:
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.
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.
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.
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.
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.
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.