Lord Abbett

New Jersey
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Lord, Abbett, & Co. LLC, which is an investment management company, has not publicly terminated business relationships based on views or beliefs. Lord Abbett scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Lord Abbett 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, marketing, and philanthropic support. Lord Abbett forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. The company does not protect its employees against viewpoint discrimination. Lord Abbett has donated to the Hudson Pride Center and is a bronze partner of PFLAG. The company does not publish charitable giving guidelines. For these reasons, Lord Abbett receives a High Risk rating.

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