Advent Capital Management

New York
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Advent Capital Management does not provide viewpoint protections for its employees but has not publicly terminated business relationships based no views or beliefs in the past 5 years. The company integrates ESG into all of its business practices and is a signatory of the United Nations Principles for Responsible Investing. However, it has not used its corporate funds for ideological purposes. For these reasons, Advent Capital Management receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to 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

A former employee alleged she was fired for sexual harassment and discrimination reasons in 2017 (1). Advent Capital Management integrates ESG into all of its business practices and into its investment processes. From its “ESG and Responsible Investment Philosophy” document: “Our approach aims to incorporate environmental, social, and governance (ESG) considerations into our investment process” (2). However, Advent Capital Management has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level
N/A
Rationale

Advent Capital Management does not publish charitable giving guidelines (1).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

Advent Capital Management does not publish a nondiscrimination policy (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Advent Capital Management is a UNPRI signatory, committed to carbon neutrality by 2050. Otherwise, it has not supported ideological causes or policies (1).

Criteria

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

Risk Level
Rationale

Advent Capital Management has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
N/A
Rationale

Advent Capital Management does not operate a PAC or engage in lobbying at this time (1)(2).

All links were last accessed and all information was updated on:
October 19, 2023

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