Central Pacific Bank
Corporate Bias Rating
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Risk Level:
Summary:
Central Pacific Bank (CPB) 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. CPB 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.
View Full Corporate Bias Ratings ReportHas canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.
CPB promotes divisive sex and gender policies. Its Vendor Code of Conduct requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (1). However, CPB has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
CPB does not appear to discriminate against charitable organizations based on views or beliefs. CPB’s charitable giving focus areas are “housing, socioeconomic advancement, community activities, and environmental causes” (1).
Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.
CPB appears to prioritize diversity over merit in its recruitment, hiring, leadership composition, supply chain. From its 2022 CPB ESG Report: The company “Recruit[s] and retain[s] an exceptional, diverse workforce” which focuses on “hiring and supporting a diverse workforce that’s inclusive of all ethnicities, faiths, sexual orientations and gender identities” including the company’s Board which “strives for inclusive representation being 31% female and 77% diverse (meaning directors who self-identify as one or more of: Black or African American, Hispanic or Latinx, Asian, Native American or Alaska Native, Native Hawaiian or Pacific Islander, or two or more races or ethnicities)” consequently “Vendor Management takes into consideration qualified women-owned, minority-owned, LGBTQ+-owned, and other small businesses” (1). CPB does not provide viewpoint protections for its employees (2).
Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.
In 2022, CPB hosted an event with the Hawai’i LGBT Legacy Foundation (1). CPB supported the Honolulu Pride (LGBT) Parade (2). CPB supports DEI within its business practices. From its 2022 CPB ESG Report: “CPB has a long-term focus on improving diversity, equity, and inclusion among its workforce and aims to have a positive impact on greater society” (3). CPB supports ESG within its business practices. From its 2022 CPB ESG Report: “Our ESG focus is considered in all of our business and operational decisions, and are incorporated into our annual business plan and three-year strategic plan” (4).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
CPB’s benefits include “coverage for gender reassignment surgery, hormone therapy, hospital room and board and other medically necessary gender reassignment related services and supplies” (1). CPB sponsored the Honolulu LGBTQ Pride Festival (2) Otherwise, there are no publicly known cases of CPB using corporate funds to advance ideological causes, organizations, or policies (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.