Franklin Templeton Investments

Brandywine Global, O'Shaughnessy, Franklin Resources
California
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Franklin Templeton scored a 90 on the Human Rights Campaign’s (HRC) Corporate Equality Index (CEI). By complying with Human Rights Campaign’s controversial demands, Franklin Templeton increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, and philanthropic support. Franklin Templeton forces employees to undergo multiple ideological trainings and uses its corporate funds to support controversial sex and gender ideologies and organizations. Franklin Templeton protects its employees against viewpoint discrimination. However, Franklin Templeton has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. Franklin Templeton provides a benefits package for employees which covers travel/lodging costs for an abortion and is a copper sponsor of Out & Equal. Franklin Templeton's specialist investment manager is part of Glasgow's Net Zero Alliance, a signatory of Climate Action 100+, and a Ceres Network member. However, the company has not used its lobbying for ideological purposes. For these reasons, Franklin Templeton 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

Franklin Templeton received a score of 90 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits’ employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2)(3). Franklin Templeton is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (4)(5). However, the company has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level
Rationale

Franklin Templeton’s HRC CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2)(3).

Criteria

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

Risk Level
Rationale

Franklin Templeton’s HRC 2023 CEI rating indicates the company forces employees to attend multiple, controversial trainings on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2)(3). Franklin Templeton protects its employees against viewpoint discrimination (4).

Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

Franklin Templeton Investments and its specialist investment manager Brandywine Global are part of the Net Zero Asset Managers initiative, committed to carbon neutrality with its investment by 2050 (1)(2). Franklin Templeton and subsidiary Brandywine Global are signatories of Climate Action 100+ and Franklin Templeton is a Ceres Network Member (3)(4). The CEO of Franklin Templeton has signed the CEO Action for Diversity and Inclusion Pledge, which includes a commitment to promote DEI through bias education training in the workplace (5). Franklin Templeton supports LGBTQ Pride (6).

Criteria

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

Risk Level
Rationale

Franklin Templeton provides a benefits package for employees which covers travel/lodging costs for an abortion (1). The company’s HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging (2)(3)(4). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders. Franklin Templeton is a copper sponsor of Out & Equal (5)(6).

Criteria

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

Risk Level
Rationale

Franklin Templeton does not operate a PAC at this time and has not used its lobbying for ideological purposes (1)(2)(3).

All links were last accessed and all information was updated on:
February 20, 2024

Company reports are intended for educational use only. Full Disclaimer

Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept