Corprate Bias Ratings
Flagstar Bank vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. However, the company has not publicly terminated business relationships based on views or beliefs. Flagstar Banks' board of directors committed to integrating ESG strategies throughout its business. The company also conducted "listening sessions" and hosted DEI workshops as part of the Black Lives Matter movement. Flagstar Bank pledged $1 million in grants to minority-owned businesses, including LGBTQ organizations and provided $1 million to the Appraiser Diversity Initiative. However, the company does not discriminate against religious organizations in its charitable giving. For these reasons, Flagstar Bank receives a Medium 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.
Flagstar Bank received a score of 80 on the Human Rights Campaign’s Corporate Equality Index. Among other commitments, the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). Flagstar Bank’s, “Board of Directors further solidified our commitment to integrating ESG strategies throughout our business and proactively assessing risk.” (3).
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Flagstar Bank does not discriminate against religious organizations in its charitable giving. The Flagstar Foundation prioritizes nonprofits that fund “workforce readiness, arts and culture, and financial capability” (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Flagstar Bank conducted “listening sessions” and hosted DEI workshops as part of the Black Lives Matter movement (1).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
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September 15, 2023
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