First Horizon National

Banks

Risk Level:

Rating - Clear
Lower Risk

Summary:

First Horizon has not used its corporate reputation or company dollars to support ideological groups or causes hostile to freedom of expression. It has not publicly terminated business relationships due to religious or political beliefs. It has pledged to work with legal customers despite political pressure. 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 received a score of 75 on the Corporate Equality Index from the Human Rights Campaign, meaning that the company does not vet suppliers according to its LGBTQ policies (1). First, Horizon has no history of firing employees or suppliers based on political differences. In fact, First Horizon, in its Corporate Responsibility Statement, states that it will not drop customers engaged in enforcing federal immigration policy or the manufacture of firearms (2). Of note, First Horizon became a part of TD Bank in the Fall of 2022 (3).

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 protect employees from political viewpoint discrimination (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 itself has not publicly used its corporate reputation to advance ideological causes, organizations, or policies (1).

Criteria

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

Risk Level
Rationale

First Horizon has no history of donating directly or indirectly to ideological groups or causes hostile to freedom of expression (1)(2).

Criteria

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

Risk Level
Rationale

The First Horizon Corp. PAC is bipartisan and focused on business interests (1).

All links were last accessed and all information was updated on:
December 26, 2022

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