American Express (AmEx)

New York, New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

American Express (AmEx) scored an 100 on the 2023 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. AmEx 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. AmEX provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company is part of the Global Alliance for Responsible Media. AmEx is also a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company pledged $50 million to BLM and related causes, funds Planned Parenthood, and uses a product code for legal firearm purchases. AmEx is a founding corporate partner of the national LGBT Chamber of Commerce. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. American Express is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, American Express receives a High Risk rating.

Board Bias

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CEO of American Express (AmEx)

Stephen J. Squeri

Stephen J. Squeri

Summary:

Headquartered in New York, New York, American Express (AmEx) is a member of the Fortune 250 operating in the Diversified Financials industry. Stephen J. Squeri and Stephen J. Squeri serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $262,640 to Republican causes and $2,045,687 to Democratic causes. Under their tenure, American Express (AmEx) currently holds a 'High Risk' risk rating.

Political Contributions of Leadership:

$262,640

$2,045,687

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/2/23GovernanceKenneth SteinerRatification of Excessive Termination PayAgainst35.20%
5/2/23GovernanceKenneth SteinerShareholder Ratification of Excessive Termination PayAgainst35.20%
5/2/23SocialChange FinanceReport on Risks of Sharing Abortion-Related DataAgainst11.50%
5/2/23SocialChange Finance, P.B.C.Abortion & Consumer Data PrivacyAgainst11.50%
5/3/22GovernanceKenneth SteinerIndependent Board ChairAgainst22.20%
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