AllianceBernstein

Tennessee
Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

AllianceBernstein has not publicly terminated employees or business relationships due to religious or political beliefs, although it does vet suppliers according to its LGBTQ protections. The company does not have viewpoint protections for its employees. AllianceBernstein corporately supports the Equality Act and transgender participation in female sports. For these reasons, AllianceBernstein 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

AllianceBernstein has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 90 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means AllianceBernstein has pledged to vet vendors based on LGBTQ policies (1)(2).

Criteria

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

Risk Level
Rationale

AllianceBernstein’s gift matching guidelines report that “Gifts to sectarian organizations may be matched at AllianceBernstein’s discretion, if the organization uses the funds primarily to benefit people outside of its own membership… For example, gifts to a church soup kitchen that serves the general public will be considered for matching, while gifts to a church building fund will not” (1).

Criteria

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

Risk Level
Rationale

AllianceBernstein does not protect its employees from viewpoint discrimination (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

AllianceBernstein opposed the Florida Parental Rights in Education Law, which prohibits teaching gender identity and sexual orientation in schools to kids in K-3rd grade (1). AllianceBernstein also signed open letters supporting the Equality Act and opposing laws to protect women’s and girls’ sports (2)(3). AllianceBernstein CEO Seth Bernstein is a member of the CEO Action for Diversity & Inclusion (4). The company has “mandatory diversity and inclusion training” for all employees (5).

Criteria

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

Risk Level
Rationale

There are no publicly known cases of AllianceBernstein donating to ideological groups hostile to freedom of expression (1).

Criteria

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

Risk Level
N/A
Rationale

AllianceBernstein does not have a PAC.

All links were last accessed and all information was updated on:
March 21, 2023

Company reports are intended for educational use only. Full Disclaimer

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