Altus Power - 1792 Exchange

Corporate Bias Rating

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Risk Level:

Medium Risk

Summary:

Altus Power, Inc. 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. Altus Power 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.

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Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has canceled 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

Altus Power integrates ESG into its business practices. “The Compensation Committee has oversight over ESG and how it aligns with executive compensation and human capital management” (1). The company integrates ESG into its business practices, expecting suppliers to, “strive to reduce environmental impact through efforts such as ending deforestation, minimizing greenhouse gas emissions and waste, and using resources efficiently” (2). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria

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

Risk Level

Rationale

Altus Power does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level

Rationale

Altus Power requires its employees to take DEI training (1). The company appears to prioritize diversity over merit in its recruitment. From its 2022 Sustainability Report: “In 2022, we took several initiatives to further support a diverse workforce by monitoring the diversity of our current employees and recruiting from diverse talent” (2). The company protects its employees against viewpoint discrimination (3).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Altus Power supports DEI within its business practices. From its 2022 Sustainability Report: “Altus Power is committed to fostering, cultivating, and promoting a culture of diversity, equity, and inclusion” (1). The company supports ESG within its business practices. From its 2022 Sustainability Report: “During 2022, our Board of Directors appointed Sophia Lee as Altus Power’s first Chief Sustainability Officer to ensure we incorporate ESG risks and opportunities into all our strategic decisions” (2). The company requires its employees, “sign our Diversity, Equity, and Inclusion Policy” (3).

Criteria

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

Risk Level

Rationale

Altus Power has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level

N/A

Rationale

Altus Power does not operate a PAC or engage in lobbying at this time (1)(2)(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.