Bloomberg LP - 1792 Exchange

Corprate Bias Ratings

Risk Level:

Medium Risk

Summary:

Bloomberg, a financial, software, data, and media company, vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. It has not publicly terminated business relationships based on views or beliefs, though. Bloomberg corporately supports the Equality Act and transgender participation in women's sports. However, it does not seem to discriminate against religious organizations in its charitable giving. The company covers the cost of "medically necessary transition-related care” for its employees and their children. 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 fired customers, suppliers, or vendors based on political views or religious beliefs. The company received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1)(2).

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 provide viewpoint protections for its employees (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 (2). Bloomberg 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 (3). Its Chairman Peter T. Grauer is a signatory to CEOs For Gun Safety (4). The company has posted blog posts to its website that support LGBT causes (5).

Criteria

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

Risk Level

Rationale

Bloomberg 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).

Criteria

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

Risk Level

N/A

Rationale

Bloomberg does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
November 28, 2023

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