First Horizon National - 1792 Exchange

Corprate Bias Ratings

Risk Level:

Lower Risk

Summary:

First Horizon vets vendors according to LGBTQ policies and does not provide viewpoint protections for its employees. However, it has not publicly terminated business relationships based on views or beliefs. The company discriminates against some religious organizations in its charitable giving. However, it has not used its corporate dollars or PAC contributions for ideological purposes. For these reasons, First Horizon receives a Lower 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

First Horizon has a written policy pledging to vet vendors for LGBTQ policies. It’s Code of Business Ethics “applies to all associates, officers and directors of First Horizon and its subsidiaries” and includes a nondiscrimination policy that includes sexual orientation and gender identity (1)(2)(3). First Horizon’s Corporate Responsibility Statement states that it will not drop customers engaged in enforcing federal immigration policy or the manufacture of firearms (4). First Horizon received a score of 75 on the Human Rights Campaign’s (HRC) Corporate Equality Index (5)(6).

Criteria

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

Risk Level

Rationale

The First Horizon Foundation will not provide grants to “solely” religious organizations but will provide for religious groups that engage in community work (1)(2). The bank does not discriminate in matching donations (3).

Criteria

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

Risk Level

Rationale

First Horizon does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy

Criteria

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

Risk Level

Rationale

First Horizon publicly advocates for LGBTQ awareness on social media (1).

Criteria

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

Risk Level

Rationale

First Horizon “appl[ies] a DEI lens to our community investment strategy”, but does not use corporate funds to advance ideological causes, organizations, or policies (1)(2)(3).

Criteria

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

Risk Level

Rationale

First Horizon does not use its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
November 15, 2023

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Related Resources:

Viewpoint Diversity Index