Eastern Bank

Massachusetts
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Eastern Bank maintains a policy of divestment from areas in which leadership disagrees. The company 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, Eastern Bank Corporation 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. Eastern Bank 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. The company 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. Eastern Bank regularly advocates for LGBTQ and pro-abortion causes. The bank donates to the American Civil Liberties Union (ACLU) and Planned Parenthood. Eastern Bank opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. For these reasons, Eastern Bank receives a High Risk rating.

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