We are committed to our people, our stakeholders and the community as a whole. We have a variety of programs to incentivize and support our employees, from employee ownership to comprehensive benefits and training. We are also committed to equal opportunity, diversity and other policies and practices designed to fulfill our commitment to social and human capital development. And, we have a passionate commitment to charity.
We have a passionate commitment to community service and charity. Please see the following for some of our important charitable initiatives:
- Global Charity Day
- Never has our relationship with our people and others been so evident as on September 11, 2001. Following the devastating attack on our headquarters at the World Trade Center on that day, our CEO, Howard Lutnick, and our surviving employees and our affiliates created The Cantor Fitzgerald Relief Fund to take care of the families of the 658 colleagues and friends who perished on that day. We and our affiliates committed 25% of profits for five years and committed to pay for 10 years of healthcare for the families of those we lost.
Since 2001, that commitment to people has never faltered. Once a year, on the September 11th anniversary, BGC and its affiliates, in conjunction with The Cantor Fitzgerald Relief Fund (the “Cantor Relief Fund”), commemorate these 658 friends and colleagues, and 61 Eurobrokers employees, who perished on September 11, 2001. We host an annual Charity Day, where we donate our global revenue to the Cantor Relief Fund, which distributes these funds to over 150 charities worldwide. Charity Day’s unique way of creating something positive and life-affirming from the tragedy has raised nearly $200 million since inception. The Company currently matches 100% of individual employee donations to the Cantor Relief Fund made in September of each year up to $5,000 per individual employee. Employees have the option of designating a bona-fide charity as the beneficiary of the donation and the match. Additional charitable initiatives are in effect from time to time. In 2021, we marked the 20-year anniversary of the loss of our colleagues with a 20th anniversary Charity Day event honoring our legacy of charitable and community work and reminding others to “Never forget. Give back.”
Additional information about all of our charitable efforts is available at https://www.bgcpartners.com/charity-day/.
- Disaster Relief
- We also support victims of disasters because we were there once and understand that feeling all too well. Over the years, Cantor Relief Fund volunteers along with some of our employee volunteers have supported schools and communities devastated by natural disaster, beginning with 19 schools in New York and New Jersey impacted by Superstorm Sandy providing $1,000 prepaid debit cards for immediate assistance to nearly 10,000 families with children enrolled in these schools. Our volunteers often travel to those in need. A team of volunteers and employees travelled to Moore, Oklahoma to distribute $1,000 prepaid debit cards to each family who had a child enrolled in the Moore Public School district whose house was damaged or destroyed by the 2013 tornado. In February 2018, a group of our local employees along with Cantor Relief Fund volunteers worked with school officials in the Houston, Texas area to donate $5 million in $1,000 prepaid cards to 5,000 of the families most severely affected by Hurricane Harvey. In January 2019, a group of more than 200 volunteers drawn from the Cantor Relief Fund, employee volunteers from BGC and its affiliates and many friends from the New York community and clients from Banco Santander and Scotiabank traveled to Puerto Rico to aid in its recovery from Hurricanes Irma and Maria. This operation distributed $4 million in $1,000 prepaid cards to thousands of families still suffering from the devastation.
As part of these values in action, we offer a Volunteer Time Off program to support individual employee volunteerism in the communities in which they work and live. All full and part-time regular employees are eligible to utilize one paid workday (whole day or two half-days) each calendar year to volunteer with bona fide charitable organizations of their choice. Participation is growing and as office life normalizes and pandemic measures begin to recede, we will encourage broader use of this benefit and participation by employees in charitable and community service activities within all of our office communities. Learn more about disaster relief here.
- Our employees are incentivized through our commitment to employee equity ownership throughout our company, across the globe. We provide comprehensive and competitive benefits to protect the health, well-being and financial security of our employees. We also train and support our employees so they can maximize their potential.
We believe in equal opportunity. We consider all qualified applicants for job openings and promotions without regard to race, color, religion, gender, sexual orientation, gender identity, national origin or ancestry, age, disability, service in the armed forces, or any other characteristic that has no bearing on the ability of employees to do their jobs well.
As a global enterprise with offices in approximately 30 countries, we are diverse in many ways. We seek to further diversify our workplaces through our recruitment and retention. We honor this commitment through programs like our Network of Women (“NOW”), which supports the recruitment, development and retention of women across our organization.
We also have a recruitment partnership with Hampton University, a Virginia institution with a historic role in empowering African-Americans through education. We further participate in job fairs and job boards that are focused on reaching a diverse applicant pool. Learn more about careers at BGC here.
- UK Women in Finance Charter
- BGC Partners (BGC) is committed to improving and promoting diversity and inclusion in the workplace. In September 2021, in the UK, BGC Partners signed up to the Women in Finance Charter, an HM Treasury initiative which backs the UK Government’s aspiration to create gender balance across the financial services industry. BGC Partners recognizes the value of diversity and the relationship between diversity and business performance. Signing up to the Women in Finance Charter highlights our commitment to improving gender diversity across our company. When we signed up to the Charter in September 2021, we had 10% female representation. As of 30 September 2022, we have 11.2% female representation in senior management. We believe we are on track to meet our Charter target of 25% by our deadline of September 2027.
- 10,000 Black Interns Programme
- BGC Partners is pleased to support the 10,000 Black Interns programme, a new initiative in the UK co-founded by Dawid Konotey-Ahulu and Jonathan Sorrell seeking to offer 10,000 internships over 5 years, across 24 sectors, involving more than 700 companies.
Across Financial and Professional Services, over 100 firms, including BGC Partners, will be taking part in a six-week internship programme offering young Black African, Black Caribbean and Black British students paid work experience. This will include students who are studying at/or recently graduated from (2018 onwards) a UK university or are taking a gap year having completed their A Levels with the intention of undertaking higher education. Interns will be given the opportunity to work in our London offices, to gain an in-depth knowledge of financial markets, develop their skills and build their professional network. The internships will take place in summer 2022.
For further information, please visit the 10,000 Black Interns website.
- Gender Pay Information and EEOC Reporting
- In the United Kingdom, we annually publish gender pay information – see here – and in the United States we report on the diversity of our workforce composition (including gender and race) to the Equal Employment Opportunity Commission (EEOC) on an annual basis.
- Modern Slavery Act Transparency Statement 2021
- BGC is committed to upholding human rights, both within our operations as well as throughout our supply chain. We are strongly opposed to modern slavery and human trafficking and will not knowingly support or conduct business with any organisation participating in such activities. You can read our statement on modern slavery here.