Affirm

San Francisco, California
Diversified Financials, Payment Processing

Corporate Bias Rating

Expand Summary

Risk Level:

Rating - Danger
High Risk

Summary:

Affirm is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Affirm embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

View Full Corporate Bias Ratings Report
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

CFO of Affirm Michael Linford has stated that “any merchant [that] isn’t aligned to our values, any partners unaligned to our values, we don’t do business with them” (1). Affirm also cut ties with MyPillow, after its CEO, Mike Lindell, claimed that election fraud may have played a part in the outcome of the 2020 election (2).

Criteria

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

Risk Level
Rationale

Affirm’s charitable giving guidelines require that organizations abide by its nondiscrimination policy, including on the basis of sexual orientation and gender identity, thereby excluding some religious charities (1).

Criteria

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

Risk Level
Rationale

Affirm appears to prioritize diversity over merit in its hiring, promotions, and mentorship program. From its 2023 ESG Report: “Our strategy involves embedding DEI into our processes, programs, and structures at Affirm across the employee life cycle—how we hire, develop, advance, and retain Affirmers, and in how we do business” (1). The company appears to prioritize diversity over merit in its leadership composition: “As part of the search process for new directors, the Nominating and Governance Committee shall actively seek to identify candidates who reflect diverse backgrounds, including diversity of race, ethnicity and gender” (2). The company implements unconscious bias training (3). Affirm does not provide viewpoint protections for its employees (4).

Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

Affirm opposed the Florida Parental Rights in Education Act, which would prohibit teaching gender identity and sexual orientation to kids in K-3rd grade (1). The company was part of the Freedom for All Americans coalition, which advocated for federal legislation that would overrule state laws designed to protect girls’ sports and similar laws (2). Affirm opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces (3). The company opposed legislation in Iowa intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces (4). Affirm signed an amicus brief in opposition to the 2016 North Carolina bathroom bill HB2, which required people to use the bathroom of their biological sex (5). The company supports DEI within its business practices, hosting a Diversity & Inclusion Steering Committee (DISC) (6). The company supports DEI within its business practices. From its Diversity, Equity, and Inclusion page: “Our strategy involves embedding DEI into all processes, programs, and structures at Affirm across the entire employee life cycle—how we hire, develop, advance, and retain Affirmers, and in how we do business” (7). The company supports ESG within its business practices. From its 2023 ESG Report: “Environmental, Social, and Governance (“ESG”) considerations are important to how we do business, from how we develop products and services and promote financial inclusion and socioeconomic empowerment for our consumers, to the way we support employees and give back to our communities” (8).

Criteria

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

Risk Level
Rationale

In 2020, Affirm Cares donated 100,000 to Equal Justice Initiative (1). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (2)(3).

Criteria

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

Risk Level
Rationale

Affirm has not used its PAC donations or lobbied for ideological purposes (1)(2)(3).

Board Bias

Expand Summary

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

Generate Reports
Clear
Toast