Elevance Health (Anthem)

Indiana
Health Care Equipment and Services

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Elevance Health vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. The company has supported gender transitions in the healthcare system, but has not dissociated from dissenters. Anthem is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company does not discriminate against religious organizations in its charitable giving and has not used its PAC contributions for ideological purposes. For these reasons, Elevance Health 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

Elevance Health has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index. Among other requirements, this means Anthem 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

Elevance Health’s corporate giving prioritizes organizations focused on healthcare and community health outreach. The company’s grants to such organizations do not discriminate due to religious affiliation (1).

Criteria

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

Risk Level
Rationale

Elevance Health does not protect its employees from viewpoint discrimination (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

Former Anthem CEO Gali Koziara Boudreaux signed the Business Roundtable’s 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (1).

Criteria

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

Risk Level
Rationale

Anthem has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Elevance Health is a corporate partner of the National LGBT Chamber of Commerce (3). Otherwise, it does not use its corporate funds to donate to organizations hostile to freedom of expression (4).

Criteria

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

Risk Level
Rationale

Elevance Health (formerly Anthem) has not used its PAC for ideological purposes (1)(2)(3).

All links were last accessed and all information was updated on:
August 23, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/10/23GovernanceJohn CheveddenGive the Owners of 10% of Common Stock the Power to Call a Special Shareholder MeetingAgainst46.00%
5/10/23GovernanceNathan Cummings FoundationRequire Indirect Political Spending ReportingAgainst8.10%
5/18/22SocialTrillium Asset ManagementRacial Impact Audit and ReportAgainst41.24%
5/18/22SocialJohn HarringtonAdopt a Policy Prohibiting Direct and Indirect Political Contributions to CandidatesAgainst4.01%
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