A little bit of good news for all those grimacing shareholders. JPMorgan Chase (NYSE:JPM) provides a couple of interesting benefits to LGBT employees. The first, which also is available to heterosexual couples, provides up to $10,000 in financial support when adopting a child. Because this is the only way for many gay couples to start a family, it’s nice to know the bank is doing its part to find good homes for orphaned children. Secondly, JPM has offered insurance coverage for gender reassignment surgery since 2009, making it one of the earliest adopters of this type of benefit. Today, 207 companies in the survey do or will provide coverage in the near future. I’m not a big fan of Jamie Dimon, but those two benefits definitely qualify as leadership initiatives.
I find it ironic that Wall Street was one of the earliest adopters of employee benefits for the LGBT community. Perhaps bankers are wiser than we give them credit for. Whatever the case may be, the Corporate Equality Index continues to be a harbinger of change that investors might want to pay attention to — straight or gay.
As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities.