Franklin Templeton Investments
Corporate Bias Rating
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Risk Level:
Summary:
Franklin Templeton scored a 90 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. 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 provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. Franklin Templeton's CEO signed the CEO Action for Diversity and Inclusion pledge. The company 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.
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