Allspring Global Investments

North Carolina
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Allspring Global Investments, formerly the asset management unit of Wells Fargo until November 2021, does not protect its employees against viewpoint discrimination. However, the company has not publicly terminated business relationships based on views or beliefs. Allspring has integrated ESG into all its investment practices, ranking potential funds based on ESG-related criteria in alignment with the UN's Sustainable Development Goals. The company has joined multiple coalitions dedicated to climate- and DEI-related advocacy. However, Allspring has not used corporate funds to advance ideological purposes and does not publish charitable giving guidelines. For these reasons, Allspring Global Investments 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

Allspring has instituted ESG screening policies for potential investments to de-incentivize investment in a variety of industries, including fossil fuels (1). The company is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (2)(3). Allspring 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
Rationale

Allspring does not publish charitable giving guidelines.

Criteria

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

Risk Level
Rationale

Allspring does not provide viewpoint protections for its employees (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

Allspring supports ESG within its business practices. The company integrates ESG into its investment selection process, ranking potential funds based on adherence to ESG-related goals such as climate advocacy and diversity (1)(2). Allspring has committed to the UN’s Sustainable Development Goals, including social and climate advocacy (3). The company is a member of the Climate Action 100+ and the Ceres Network, which aim to encourage similar adherence to ESG goals in the finance industry (4)(5). Allsprings’ CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (6).

Criteria

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

Risk Level
Rationale

Allspring 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

Allspring does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
February 20, 2024

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