Charles Schwab Corporation (TD Ameritrade)
Corprate Bias Ratings
Risk Level:
Summary:
Charles Schwab vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. However it has not publicly terminated business relationships based on views or beliefs. Charles Schwab covers the cost of "medically necessary transition-related care" for its employees and their children. Charles Schwab is a member of the Business Coalition for the Equality Act and its subsidiary TD Ameritrade is a corporate partner of the NGLCC. The company shut down all political giving to avoid being manipulated by bad actors but still lobbies in a manner consistent with its business interests. For these reasons, Charles Schwab receives a Medium 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.
Charles Schwab 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)(2). Charles Schwab integrates ESG into all of its business practices (3). Charles Schwab has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Charles Schwab does not discriminate against religious organizations in its charitable giving (1)
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Charles Schwab does not protect its employees from viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
TD Ameritrade a subsidiary of Charles Schwab is a member of the Business Coalition for the Equality Act (1).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Charles Schwab indirectly gives to Planned Parenthood via employee grants allotted through the Schwab Charitable program (1)(2). TD Ameritrade, a subsidiary of Charles Schwab, is a corporate partner of the NGLCC (3). Charles Schwab 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 (4)(5).
Uses corporate political contributions for ideological, non-business purposes.
All links were last accessed and all information was updated on:
November 28, 2023
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Voting History
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/18/23 | Social | James McRitchie | Report on Gender/Racial Pay Disparity | Against | 24.70% |
| 5/18/23 | Social | National Center for Public Policy Research | Report on Discrimination Risks | Against | 0.90% |