Blackstone
Corprate Bias Ratings
Risk Level:
Summary:
Blackstone claims to have thoroughly integrated ESG into its business practices and encourages its investment partners to adopt ESG strategies. As part of its ESG integration, Blackstone works with portfolio companies to decrease emissions, increase the "energy transition," and promote diversity, equity, and inclusion (DEI). Blackstone vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. The company covers the cost of "medically necessary transition-related care” for its employees and their children. However, it does not discriminate against religious organizations in its charitable giving. For these reasons, Blackstone receives a High 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.
Blackstone received a perfect score 100 on the Corporate Equality Index from the Human Rights Campaign (HRC). This means that, among other things, Blackstone has pledged to vet vendors for support of LGBTQ policies (1). Blackstone has also pledged to integrate ESG into its investment process (2). This process includes measuring, tracking, and lowering portfolio company emissions, promoting DEI within the portfolio, and engaging with the leadership of these companies regularly to promote ESG. Blackstone uses its investment process as part of the energy transition.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Blackstone’s philanthropy is focused on improving literacy and financial education and combating leukemia; it does not discriminate against religious charities (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Blackstone does not provide protections against viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Blackstone 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). The company’s CEO Stephen Schwarzman is a member of the Business Roundtable (3). Blackstone has also integrated ESG into its pre- and post-investment strategies and stated that it will “encourage” companies it operates to implement various ESG reforms (4). According to its latest ESG report, “Blackstone is a member of Ceres Investor Network, Business for Social Responsibility (BSR), the Global Impact Investing Network (GIIN), the 30% Coalition, the Sustainable Markets Initiative, a signatory of the Principles for Responsible Investment (PRI) and the UK Walker Principles, helped craft the American Investment Council (AIC) Guidelines for Responsible Investment for our industry and participates in group sponsored initiatives that align with our ESG Focus Areas (Climate Change, DEI and Good Governance)” (5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Blackstone has not funded ideological groups hostile to freedom of expression (1).
Uses corporate political contributions for ideological, non-business purposes.
Blackstone’s political contributions have not funded ideological groups or causes (1).
All links were last accessed and all information was updated on:
September 8, 2023
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