Did you know that OPEN Finance has almost 40 participating firms? To highlight some of the great work carried out across the finance industry, we’re introducing a firm profile series, starting with Moody’s. Read more below about Moody’s award-winning LGBT employee network, its strong participating in OPEN Finance, and find out what the network is focusing on for 2015.
Moody’s has long been an active and driving firm for OPEN Finance, having joined shortly after membership was extended beyond the banking industry in 2010. Moody’s founded its LGBTA Employee Resource Group (ERG) in 2008. Since then, the group has grown into a global presence with chapters in the Americas, EMEA and APAC. Through the combined efforts of its employee volunteers, Moody’s LGBTA ERG continues to educate the company about LGBT issues both in the workplace and outside; participates in policy decisions that create a more inclusive environment for LGBT individuals; and helps the company to retain and recruit LGBT talent, among many other initiatives. In 2014, Moody’s New York LGBTA ERG was honored with an Equality@Work Award from the Empire State Pride Agenda in recognition of the positive impact the group has had on Moody’s workplace culture. The Equality@Work Awards recognize companies and individuals that are creating inclusive work environments that respect, welcome, and support lesbian, gay, bisexual and transgender (LGBT) professionals across New York.
How has OPEN Finance helped Moody’s? Being a member of OPEN Finance has helped Moody’s gain access to best practices information specifically around competitive LGBT benefits, allowing the firm to benchmark itself against other financial services firms. Additionally, Moody’s employees have capitalized on professional growth opportunities by representing Moody’s and through networking events.
Who are Moody’s ERG’s leaders? And who are Moody’s current OPEN Finance representatives?Moody’s New York LGBTA ERG is currently co-chaired by Tricia Smith (Assistant Vice President, CAO in Moody’s Investors Service) and Susan Zhang (Associate Product Strategist in Moody’s Analytics). Within OPEN Finance, Brett Hemmerling (Campus Recruiter in Diversity & Inclusion) serves as OPEN Finance’s Secretary and Greg Reed co-chairs the Best Practices Committee. Beyond ERG and OPEN Finance activities, Moody’s employees are also active with non-profits such as The Victory Fund Campaign (Greg Reed is a Board member and NYC City Leader) and Marriage Equality USA (Brett Hemmerling, advocate).
What have been the most recent highlights for Moody’s ERG? In addition to receiving the Equality@Work Award from ESPA, highlights for the ERG from the past year include signing a GLAD amicus brief seeking the repeal of DOMA, celebrating the firm being honored with an Emery Award from the Hetrick-Martin Institute, and achieving 100% on the HRC CEI for the third consecutive year.
What are Moody’s ERG’s focus areas going forward? Going forward, the ERG will build upon the solid foundation of an ongoing Allies engagement campaign, educational programming for all employees, close coordination with the Women’s, Multicultural and Veteran’s ERGs, focus on benefit policies impacting LGBT employees, and LGBT recruitment and retention efforts.