Fidelity Investments

Massachusetts
Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

Fidelity has not publicly weaponized its corporate reputation, but it funds the SPLC and ACLU. Customers have alleged that Fidelity denied donations to religious charities through its donor advised funds after pressure from the Southern Poverty Law Center (SPLC). Fidelity Investments fails to provide viewpoint protections for employees. Fidelity has not used its PAC giving for ideological reasons. For these reasons, Fidelity Investments 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

There are no public accounts of Fidelity terminating business relationships based on beliefs or viewpoints.

Criteria

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

Risk Level
Rationale

First-hand accounts describe Fidelity Charitable allegedly preventing donations through donor-advised funds to religious nonprofits based on the SPLC’s “Hate Group” list. However, Fidelity does not discriminate against religious charities by written policy (1).

Criteria

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

Risk Level
Rationale

Fidelity Investments lacks viewpoint protections for employees (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Fidelity Investments has committed to multiple acts of public advocacy for LGBTQ issues (1)(2).

Criteria

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

Risk Level
Rationale

Fidelity Investment’s charitable organization donates to the Southern Poverty Law Center (SPLC) and the American Civil Liberties Union (ACLU), both of which have been hostile to freedom of expression and religious liberty (1) (2).

Criteria

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

Risk Level
Rationale

Fidelity Investments has not used its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
March 23, 2023

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