Corporate Bias Rating
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Risk Level:
Summary:
JPMorgan Chase has terminated business with conservative customers and reserves the right to terminate business with partners who violate the company's vague Code of Conduct. JPMorgan Chase has canceled multiple legal industries and high-profile accounts, including Lt. Gen. Michael Flynn (USA). JPMorgan Chase scored a 100 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, JPMorgan Chase increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. JPMorgan Chase forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. JPMorgan Chase provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company is a platinum partner of the Human Rights Campaign (HRC), a titanium sponsor of Out & Equal, a founding corporate partner of the LGBT Chamber of Commerce, and supports the Equality Act. It is part of Glasgow's Net Zero Alliance and is a signatory of Climate Action 100+, committed to carbon neutrality by 2040. JPMorgan is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The bank's political contributions have gone to ideological PACs. JPMorgan Chase is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. The company is a signatory of the Institutional Limited Partners Association’s Diversity in Action Initiative, committing itself to specific actions that advance DEI within the governance and policies of the organization and the private equity industry more broadly. For these reasons, JPMorgan Chase receives a High Risk rating.
Board Bias
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CEO of JPMorgan Chase
James Dimon
Summary:
Headquartered in New York, New York, JPMorgan Chase is a member of the Fortune 250 operating in the Diversified Financials industry. James Dimon and James Dimon 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 $307,618 to Republican causes and $3,010,755 to Democratic causes. Under their tenure, JPMorgan Chase currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$307,618
$3,010,755
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/16/23 | Governance | John Chevedden | Special shareholder meeting improvement | Against | 34.90% |
5/16/23 | Environmental | As You Sow | Report on Climate Transistion Planning | Against | 34.80% |
5/16/23 | Governance | Kenneth Steiner | Idependent Board Chairman | Against | 34.50% |
5/16/23 | Social | James McRitchie | Report on Congruence of Political and Electioneering Expenditures | Against | 31.60% |
5/16/23 | Environmental | The Comptroller of the City of New York | Absolute GHG reduction goals | Against | 12.40% |
5/16/23 | Environmental | Sierra Club Foundation | Fossil Fuel Phase Out | Against | 8.10% |
5/16/23 | Environmental | Harrington Investments | Mandate to Oversee Animal Welfare Impact and Risk | Against | 3.40% |
5/16/23 | Social | David Bahnsen | Report on Ensuring Respect for Civil Liberties | Against | 2.30% |
5/17/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 46.52% |
5/17/22 | Governance | Kenneth Steiner | Require Independent Board Chair | Against | 39.61% |
5/17/22 | Environmental | Sierra Club Foundation | Report on Setting Absolute Contraction Targets for GhG Emissions in Line with Net-zero Commintments | Against | 15.30% |
5/17/22 | Environmental | Mercy Investment Services | Adopt Fossil Fuel Financing Policy Consistant with IEA's Net-zero 2050 Scenario | Against | 9.97% |
5/17/22 | Governance | National Legal and Policy Center | Disclose Director Skills and Qualifications Including Ideological Perspectives | Against | 4.09% |
5/17/22 | Governance | National Center for Public Policy Research | Amend Certificate of Incorporation to Become a Public Benefit Corporation | Against | 0.74% |
In the News
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