Macquarie Asset Management

Ivy Investments, Delaware Investments
Australia
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Macquarie Asset Management, which acquired Ivy Investments in 2020, vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. However, 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. Macquarie Asset Management implements ESG principles into all aspects of its business and is committed to net zero emissions by 2050. The company funds LGBTQ and racially ideological organizations. For these reasons, Macquarie Asset Management 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

There are no publicly known cases of Macquarie Group Ltd. terminating business relationships due to views or beliefs. Macquarie Group Ltd. received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (HRC). Among other requirements, this indicates that Macquarie Group vets suppliers according to their LGBTQ policies (1).

Criteria

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

Risk Level
N/A
Rationale

Macquarie focuses on giving to social and economic organizations (1)(2). It is unclear whether religious organizations would be eligible for donations (3).

Criteria

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

Risk Level
Rationale

Macquarie does not provide its employees with 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

 The company supports LGBTQ causes including displaying Pride flags at each office, promoting DEI events, and being named Number 1 on Stonewall’s Top 100 Employers List (1)(2). Macquarie created the Green Investment Group which implements ESG principles through all aspects of business through its GHG goals and net zero partnerships (3)(4). Macquarie is a signatory of Climate Action 10+ and a Ceres Network Member, committed to net zero carbon emissions by 2050 (5)(6).

Criteria

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

Risk Level
Rationale

Macquarie sponsored the 2022 British LGBTQ Awards (1). Macquarie donated over $100,000 to LGBTQ organizations including Opening Doors London and the Outside Project (2). Macquarie created a Racial Equity Fund and partnered with racial equity organizations (3). Macquarie implements ESG criteria through its investments in its Green Investments Group (4). Macquarie published an article about its pledge to support Black Lives Matter through its charitable foundation (5)(6). Macquarie 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 (7)(8).

Criteria

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

Risk Level
N/A
Rationale

Macquarie Group does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
September 29, 2023

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