Block (Square)

Cash App, Afterpay
San Francisco, California
Payment Processing

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Block (Square) scored a 55 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, Block (formerly Square) increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. Block uses its corporate funds to support controversial sex and gender ideologies and organizations. Block does not provide viewpoint protections for its employees. However, the company has not publicly terminated business relationships based on views or beliefs. Block provides a benefits package for employees which covers travel/lodging costs for an abortion. The company supports the Equality Act and opposed a Religious Freedom Restoration law in Indiana. The company's CEO signed the CEO's for Gun Safety legislation. Block opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company co-signed a letter to law firms demanding an improvement in diversity in order to retain business with the company. However, the company does not appear to discriminate against charitable organizations based on views or beliefs. For these reasons, Block receives a Medium Risk rating.

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Board Bias

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CEO of Block (Square)

Jack Dorsey

Jack Dorsey

Summary:

Headquartered in San Francisco, California, Block (Square) is a member of the Fortune 250 operating in the Payment Processing industry. Jack Dorsey and Jack Dorsey serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $0 to Republican causes and $0 to Democratic causes. Under their tenure, Block (Square) currently holds a 'Medium Risk' risk rating.

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Political Contributions of Leadership:

$0

$0

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/13/23SocialNia Impact CapitalReport on Effectivness of Diversity, Equity, and Inclusion EffortsAgainst14.80%
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