Capital Group

American Funds
California
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Capital Group has not terminated business relationships due to religious or political beliefs, though it vets suppliers according to LGBTQ policies. The company covers the cost of "medically necessary transition-related care” for its employees and their children. Capital Group supports the Equality Act and is a copper sponsor of Out & Equal. The company is part of Glasgow's Net Zero Alliance. However, it does protect employees from viewpoint discrimination, does not discriminate against religious organizations in its charitable giving, and does not use its PAC contributions for ideological purposes. For these reasons, Capital Group 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

Capital Group received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (HRC). Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). However, Capital Group has not funded ideological groups hostile to freedom of expression. Capital Group is part of the Net Zero Asset Managers initiative, committed to carbon neutrality within its portfolio by 2050 (2).

Criteria

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

Risk Level
Rationale

Capital Group will match donations to any nonprofit organization recognized as tax-exempt and as a public charity (1).

Criteria

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

Risk Level
Rationale

Capital Group’s Code of Ethics protects against many forms of discrimination, including discrimination due to religious and political activities or affiliations (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

Capital Group 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 also advocates for the Equality Act (3). Its CEO has signed the CEO Action for Diversity & Inclusion pledge (4). Capital Group is part of the Net Zero Asset Managers initiative, committed to carbon neutrality by 2050 (5).

Criteria

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

Risk Level
Rationale

Capital Group is a copper sponsor of Out & Equal (1)(2).

Criteria

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

Risk Level
Rationale

Capital Group donates in a bipartisan manner consistent with business interests (1).

All links were last accessed and all information was updated on:
December 5, 2023

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