Expensify

Oregon
Accounting Payroll & HR Services

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Expensify is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Expensify occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level
Rationale

Expensify has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Expensify does not appear to discriminate against charitable organizations based on views or beliefs. The company focuses on funding, sustainable environment, housing, food security, prison reform, and youth advocacy (1)(2).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

Expensify appears to prioritize diversity over merit in its hiring. From its ESG page: “We are committed to eliminating bias in how we hire and compensate our employees, including equity-based hiring strategies” (1). The company offers a DEI video series (2).  It does not provide viewpoint protections for its employees (3)(4).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Expensify CEO David Barrett sent a letter to all Expensify customers attacking Donald Trump and urging them to all vote for Joe Biden in the 2020 presidential election (1). The company’s CEO David Barrett also issued a statement attacking companies that did not suspend political giving to Republican election objectors (2).

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level
Rationale

Expensify donates $0.25 for every $1 the company pays to its white male employees to equity-focused charitable organizations (1). The company has also created giving campaigns for climate change and inequality-focused organizations (2). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (3).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level
N/A
Rationale

Expensify does not operate a PAC or engage in lobbying at this time (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.

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