Barings
Corprate Bias Ratings
Risk Level:
Summary:
Barings is a investment management firm headquartered in North Carolina. Though Barings maintains some level of autonomy, the company is owned by Massachusetts Mutual Life Insurance Co. Barings vets vendors according to LGBTQ policies but has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. Barings covers the cost of "medically necessary transition-related care” for its employees and their children. Barings executives have signed letters supporting DEI policies and condemning state efforts to secure local elections. Barings is committed to net zero emissions by 2050. However, Barings protects its employees from viewpoint discrimination and has not used its corporate dollars for ideological purposes. For these reasons, Barings receives a Medium Risk rating.
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.
Massachusetts Mutual Life Insurance Co., parent company of Barings, received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (1). Among other requirements, this means the company has pledged to vet vendors for LGBTQ policies. However, Barings has not publicly terminated business relationships due to political or religious differences.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Barings will not match employee donations to “churches and religious organizations” (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Barings protects its employees against viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Massachusetts Mutual Life has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates Barings covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Barings CEO Mike Freno has signed the CEO Action for Diversity and Inclusion pledge (3). Barings Managing Director Mina Pacheco Nazemi has signed a pledge from the Leadership Now Project, which opposes various state-level voting security initiatives (4). Barings is a signatory of Climate Action 100+, committed to net zero carbon emissions by 2050 (5). Barings has advocated for Pride Month (6)(7).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Barings has donated $250,000 to organizations focused on racial justice, however these groups do not publicly espouse ideological agendas (1).
Uses corporate political contributions for ideological, non-business purposes.
Barings LLC does not operate a PAC at this time (1).
All links were last accessed and all information was updated on:
September 19, 2023
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