American Express (AmEx)
Corporate Bias Rating
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Risk Level:
Summary:
American Express (AmEx) scored a 100 out of 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. 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 a 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 supports the Equality Act and 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. AmEx is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. AmEx Global Business Travel signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, American Express receives a High Risk rating.
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CEO of American Express (AmEx)
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 $274,123 to Republican causes and $2,283,716 to Democratic causes. Under their tenure, American Express (AmEx) currently holds a 'High Risk' risk rating.
View Full Board Bias ReportPolitical Contributions of Leadership:
$274,123
$2,283,716
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/2/23 | Governance | Kenneth Steiner | Ratification of Excessive Termination Pay | Against | 35.20% |
5/2/23 | Governance | Kenneth Steiner | Shareholder Ratification of Excessive Termination Pay | Against | 35.20% |
5/2/23 | Social | Change Finance | Report on Risks of Sharing Abortion-Related Data | Against | 11.50% |
5/2/23 | Social | Change Finance, P.B.C. | Abortion & Consumer Data Privacy | Against | 11.50% |
5/3/22 | Governance | Kenneth Steiner | Independent Board Chair | Against | 22.20% |
In the News
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