Berkshire Bank

Berkshire Hills Bancorp
Massachusetts
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Berkshire Bank scored a 90 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, Berkshire Bank increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Berkshire is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices. The company 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. Berkshire Bank opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company supports the Equality Act and was part of the Freedom for All Americans coalition, which advocated for federal legislation that would overrule state laws designed to protect girls' sports and similar laws. For these reasons, Berkshire Bank earns a High Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/4/24SocialMeredith BentonGreater Disclosure of Material Corporate DiversityAgainstN/A
5/4/24GovernanceSegal Marco AdvisorsForm a Railroad Safety CommitteeAgainstN/A
5/4/24EnvironmentalNational Center for Public Policy ResearchGoal to reach GHG emissions by 2050AgainstN/A
5/4/24SocialNational Legal and Policy CenterShareholder Proposal Concerning a Report on Operations in ChinaAgainstN/A
5/4/24EnvironmentalAs You SowClimate-Related Transition PlanningAgainstN/A
5/4/24EnvironmentalMichael FrerichsDisclose and Reduce GHG EmissionsAgainstN/A
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