LPL Financial

California
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

LPL Financial vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, though the company has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. The company is a corporate partner of the National LGBT Chamber of Commerce. However, it has not used its PAC contributions for ideological purposes. For these reasons, LPL Financial 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

LPL Financial received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (1). Among other requirements, this means LPL Financial vets suppliers according to LGBTQ policies. However, the company has not publicly terminated business relationships due to views or beliefs.

Criteria

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

Risk Level
Rationale

LPL Financial’s donation program is specifically directed at nonprofits that focus on “increasing the pipeline of underserved career-ready talent for the financial services industry and building the financial capabilities of underserved small business owners” (1). LPL Financial has not published its employee matching policies regarding religious donations (2).

Criteria

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

Risk Level
Rationale

LPL Financial does not provide protections against viewpoint discrimination (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

LPL Financial has not corporately endorsed ideological policies or agendas.

Criteria

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

Risk Level
Rationale

LPL Financial¬†is a corporate partner of the National LGBT Chamber of Commerce (1). LPL Financial has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (2)(3).

Criteria

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

Risk Level
Rationale

LPL Financial donates in a bipartisan manner consistent with its business interests (1).

All links were last accessed and all information was updated on:
September 20, 2023

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