Hawaiian Electric Industries

American Savings Bank, Hawaiian Electric
Hawaii
Utilities

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Hawaiian Electric Industries (HEI), vets vendors for LGBTQ policies and does not provide viewpoint protections for its employees. However, the company has not publicly terminated business relationships based on views or beliefs. HEI regularly regularly supports LGBTQ Pride within its business practices. The company has an Executive DEI Roundtable that discusses topics including "the vast gender spectrum, LGBTQIA+ history and ways to be a supportive LGBTQIA+ ally in the workplace". HEI discriminates against religious organizations in its charitable giving but has not used corporate funds or lobbied for ideological purposes. For these reasons, Hawaiian Electric Industries 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

HEI has a written policy pledging to vet vendors for LGBTQ policies. Its Code of Conduct requires vendors and suppliers to include sexual orientation and gender identity in its nondiscrimination policy (1). 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

HEI does not discriminate against religious organizations in its charitable giving. However, it will only give to religious organizations that provide non-sectarian services. It will not fund “religious activities of a particular denomination” (1).

Criteria

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

Risk Level
Rationale

HEI does not provide viewpoint protections for its employees (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

HEI attended the Honolulu Pride Festival in 2022. The company regularly. In 2022, American Savings Bank, bought by HEI, received the Pacific Business News’ Business of Pride award. The company also has an Executive DEI Roundtable that discusses topics including “the vast gender spectrum, LGBTQIA+ history and ways to be a supportive LGBTQIA+ ally in the workplace” (1).

Criteria

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

Risk Level
Rationale

HEI has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

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

Risk Level
Rationale

HEI does not operate a PAC at this time and has not lobbied for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
November 9, 2023

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