AllianceBernstein

Tennessee
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

AllianceBernstein scored a 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, the company increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Alliance Bernstein forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. AllianceBernstein has "mandatory diversity and inclusion training" for all employees. The company supports the Equality Act and was part of the Freedom for all Americans Coalition. AllianceBernstein’s CEO, Seth Bernstein, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company is a member of the Net Zero Asset Managers Initiative. AllianceBernstein opposed legislation in Iowa intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. For these reasons, AllianceBernstein receives a High Risk rating.

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