Citizens Financial
Corprate Bias Ratings
Risk Level:
Summary:
In 2018, Citizens Financial chose to withdraw an outstanding loan with a group that had received scrutiny for their involvement in the Dakota Access Pipeline, which caused protests at the bank. It is unclear if the loan was not renewed due to political pressure. Citizens Financial vets vendors according to LGBTQ policies and does not provide viewpoint protections for its employees. The company covers abortion-related travel costs for its employees and the cost of "medically necessary transition-related care” for its employees and their children. Citizens supports and funds LGBTQ causes and organizations and pledged $10 million to BLM and related causes. The company is a PCAF member, committed to carbon neutrality by 2050. For these reasons, Citizens Financial receives a High 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.
After a series of protests from environmental activists that included chaining themselves to the bank’s property, Citizens Financial elected not to renew a $72.5 million loan to Energy Transfer Partners, which was constructing the Dakota Access Pipeline at the time (1)(2). Citizens Financial Group received a score of 100 on the Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (3)(4).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Citizens Financial does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Citizens Financial covers travel costs for out-of-state abortions for its employees (1). Citizens Financial has a perfect score of 100 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 (2)(3). Citizens Financial offers comprehensive transgender medical benefits, including hormone therapy and “gender reassignment” surgery (4). Citizens Financial pledged $10 million to the Black Lives Matter movement and related causes (5)(6). Citizens also sponsored several LGBTQ Pride parades and committed to public advocacy for LGBTQ causes (7). The company is a corporate partner of the National LGBT Chamber of Commerce (8).
All links were last accessed and all information was updated on:
November 28, 2023
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