The Tesla Semi At The 2019 Pride Parade In San Francisco, Ca. (Photo: Suavellave/Twitter).In the not-too-distant past, there was no such thing as an “LGBTQ-friendly workplace”. And although there’s still a lot of work to be done in this area, there are now literally hundreds of employers committed to LGBTQ inclusion and equality. Socially responsible investing, or SRI, becomes more popular despite critics who believe can be riskier.
In fact, according to the Human Rights Campaign, there are 842 places designated as the “Best Places To Work for LGBTQ Equality” in 2022. Eight of those names appear in the list below if you’re looking to invest somewhere that is working toward LGBTQ equality and also performed well as an investment.
And now it is a good time to buy as stocks may soar just before they collapse. Here are the best 8 performing stocks from the companies in LGBTQ Equality’s best places to work.
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Last updated: April 23, 2022
Apple Inc. (AAPL)
Stock price as of April 23: $161,79
One year performance: 25,40%
Apple isn’t just the largest company in America, it’s also one of the most consistent supporters of the LGBTQ community. Apple has been rated the best place to work for the LGBTQ community for 15 years straight. The company supports several LGBTQ advocacy organizations, including the National Center for Transgender Studies and Encircle, which offers safe spaces for the community. For Pride Month 2021, Apple released two new Apple Watch Pride bands, in addition to a new Pride watch face.
Tesla (TSLA)
Stock price as of April 23: $1005,05
One year performance: 84,43%
Tesla has received a perfect score of 100% in the Human Rights Campaign Corporate Equality Index for six years running. Tesla took the number one spot on YouGov’s Best Brand 2015 for lesbian, gay, bi-sexual, and transgender consumers (LGBT). The company won by a long shot and knocked Amazon out of first place.
Alphabet Inc. (GOOG)
Stock price as of April 23: $2392,28
One year performance: 5,48%
Google, now trading under the parent company Alphabet, has long been a strong supporter of the LGBTQ community, with even its ads reflecting its efforts at diversity. The company has a specific support group for the LGBTQ community, known as “Gayglers,” and it sponsored a trip for more than 60 of its LGBTQ employees and managers from 26 countries to Warsaw, Poland, to help explore diversity issues in Central and Eastern European regions.
International Business Machines Corporation (IBM)
Stock price as of April 23: $138,25
One year performance: 7.7%
IBM was one of the first companies to include sexual orientation in its nondiscrimination policy, back in 1984. The company established its Global LGBT Council, designed to make the workplace safe for everyone, in 1995. The following year, IBM became the largest company at the time to provide benefits for domestic partners. IBM has multiple campaigns to support diversity and equality, including its “Be Equal” initiative, which strives to provide an open and welcoming environment regardless of sexual orientation, gender expression, or gender identity.
The Charles Schwab Corporation (SCHW)
Stock price as of April 23: $70,32
One year performance: 4.74%
Schwab has received a 100% rating on the Human Rights Campaign’s Corporate Equality Index for LGBTQ+ inclusion for over 15 years. In addition to striving for a diverse and supportive workforce, the financial services company also develops educational content tailored to the needs of specific communities, including the LGBTQ+ community. The company has installed gender-neutral restrooms in some locations, and it supports and volunteers for many different LGBTQ groups across the country. Internally, Schwab has created a diversity and inclusion group known as PRIDE, dedicated specifically to the LGBTQ+ network at Schwab.
The Coca-Cola Company (KO)
Stock price as of April 23: $65,25
One year performance: 19.79%
Coca-Cola prides itself on its diversity and inclusion. The company has scored 100% on the HRC’s Corporate Equality Index every year since 2006. Coca-Cola has also designed a separate Business Resource Group specifically to address LGBTA issues. Other LGBTQ-focused resources that Coca-Cola supports include the Gay & Lesbian Victory Fund and The Trevor Project.
Microsoft Corporation (MSFT)
Stock price as of April 23: $274,03
One year performance: 4.93%
Microsoft and its employees have donated over $2 million to organizations supporting the LGBTQI+ community just over the past year. The company contributed an additional $150,000 to organizations such as The Trevor Project, OutRight Action International, and Act To Change, in addition to the ACLU. Microsoft has received a perfect 100% score on the HRC’s Equality Index for 13 years running.
Target Corporation (TGT)
Stock price as of April 23: $241,68
One year performance: 17.31%
Inclusivity is one of the core corporate beliefs at Target. As with many of the other companies making the HRC Equality Index, Target has signed the Equality Act. Target has developed its PRIDE Manifesto, designed to emphasize the company’s dedication to equality. Target also produces clothing and other products indicating its backing of the LGBTQ community.
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