Flagstar Bank

Michigan
Banks

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

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.

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

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).

Criteria

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

Risk Level
Rationale

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).

Criteria

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

Risk Level
Rationale

Flagstar Bank does not provide viewpoint protections for its 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

Flagstar Bank conducted “listening sessions” and hosted DEI workshops as part of the Black Lives Matter movement (1).

Criteria

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

Risk Level
Rationale

Flagstar Bank pledged $1 million in grants to minority-owned businesses, including LGBTQ organizations (1)(2). Flagstar Bank provided $1 million to the Appraiser Diversity Initiative which promotes targeted recruitment of diverse candidates (3).

Criteria

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

Risk Level
Rationale

Flagstar Bank has not used its PAC donations for ideological purposes (1).

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

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