No - DEI and ESG are just the latest fake creations of state street and the rating agencies, to positively re-frame their continued bad behavior towards employees, customers, and the general public.
since the mid-00's, state street uses terms like "diversity" as cover, to hire both offshore and work visa labor from the usual two or three countries. qualified, actually diverse U.S. citizens are not being hired anymore at VP and lower. EVP and lower, in some business units.
reckless, corrupt offshoring and abuse of work visa programs is the disaster, not whatever you think DEI is.