Ameriprise Financial

Minnesota
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Ameriprise Financial, a financial services company, vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. It has not publicly terminated business relationships based on views or beliefs, though. Ameriprise Financial has signed a letter supporting the Equality Act and is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company covers the cost of "medically necessary transition-related care” for its employees and their children. For these reasons, Ameriprise Financial 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

Ameriprise Financial has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. The company received a score of 90 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means Ameriprise Financial has pledged to vet vendors based on LGBTQ policies (1)(2).

Criteria

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

Risk Level
Rationale

Ameriprise Financial will not donate to “Religious organizations for religious purposes”, meaning that it may discriminate against certain religious organizations in its charitable giving (1).

Criteria

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

Risk Level
Rationale

Ameriprise Financial 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

Ameriprise Financial also signed an open letter in support of the Equality Act (1). Its CEO James Cracchiolo is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (2)(3).

Criteria

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

Risk Level
Rationale

Ameriprise Financial’s HRC CEI profile indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

Ameriprise Financial has not used its political contributions for ideological purposes (1)(2)(3).

All links were last accessed and all information was updated on:
December 5, 2023

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