Bloomberg LP

New York
Commercial and Professional Services, Diversified Financials, Media and Entertainment

Risk Level:

Rating - Caution
Medium Risk

Summary:

Bloomberg has not publicly fired employees or terminated business relationships due to religious or political beliefs, though it does vet suppliers according to its LGBTQ policies. Bloomberg has made donations to Planned Parenthood's political action committee and corporately supports the Equality Act and transgender participation in women's sports. It does not protect against viewpoint discrimination. For these reasons, Bloomberg 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

Bloomberg 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 from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

Bloomberg’s charitable goals are to “help our most vulnerable and marginalized neighbors, promote a more inclusive global economy, expand access to data and technology, and support diverse voices in the media and the arts.” (1)(2). It does not appear to discriminate against faith-based charities.

Criteria

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

Risk Level
Rationale

Bloomberg 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

Bloomberg opposed the Florida Parental Rights in Education Act, which prohibits teaching gender identity and sexual orientation in schools to kids in K-3rd grade (1). The company also signed open letters supporting the Equality Act and opposing laws to protect women’s and girls’ sports (2)(3).

Criteria

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

Risk Level
Rationale

Bloomberg has donated to Planned Parenthood’s PAC (1). However, the company does not donate to other ideological groups hostile to freedom of expression(2).

Criteria

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

Risk Level
N/A
Rationale

Bloomberg does not have an active PAC.

All links were last accessed and all information was updated on:
March 21, 2023

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