Mastercard

Purchase, New York
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Mastercard publicly terminated business relationships due to political views with The David Horowitz Freedom Center after the Southern Poverty Law Center (SPLC) accused them of being a hate group. Mastercard scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Mastercard increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Mastercard 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. Mastercard 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. The company is part of the Global Alliance for Responsible Media, which demonetizes groups in efforts to suppress content and advertisements that have received allegations of "hate speech." Mastercard implements an inclusion training program and a Conscious Inclusion Learning Experience. The company’s PGLE membership reflects its commitment to “operationalize” company coverage of transgender surgery and treatment, the vetting of business partners based on LGBTQ+ policies, and the financial support of LGBTQ organizations on a global level. Mastercard supports the Equality Act and opposed the Georgia voting reform law. The company utilizes a new product code for legal firearms, allowing for the potential tracking of legal gun purchases. CEO Michael Miebach is a member of the Business Roundtable and Former CEO Ajay Banga signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Mastercard’s CEO, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company indirectly donates to Planned Parenthood through its employee gift matching. Mastercard is a silver sponsor of the HRC and a founding member of the PGLE. The company is a member of the Global Alliance for Responsible Media. Mastercard pledged over $5 million to the Black Lives Matter movement and related causes, including the National Urban League. The company is a corporate partner of the NGLCC. Mastercard is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. The company donated to the Equality PAC. For these reasons, Mastercard receives a High Risk rating.

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Board Bias

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CEO of Mastercard

Michael Miebach

Michael Miebach

Summary:

Headquartered in Purchase, New York, Mastercard is a member of the Fortune 250 operating in the Diversified Financials industry. Michael Miebach and Merit E. Janow serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $29,350 to Republican causes and $204,221 to Democratic causes. Under their tenure, Mastercard currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$29,350

$204,221

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
6/18/24SocialNational Legal and Policy CenterCongruency Report on Privacy and Human RightsAgainst1.06%
6/18/24SocialNational Center for Public Policy ResearchHuman Rights Congruency ReportAgainst0.80%
6/18/24SocialStephen CatonReport on Gender-Based Compensation and Benefit GapsAgainst1.18%
6/18/24GovernanceJohn CheveddenTransparency in LobbyingAgainst25.40%
6/18/24GovernanceNew York City Carpenters Pension FundDirector Election Resignation Bylaw ProposalAgainst13.94%
6/27/23SocialRidgeline ResearchConsideration of a stockholder proposal requesting a report on the cost-benefit analysis of diversity and inclusion effortsAgainst0.50%
6/27/23SocialNational Center for Public Policy ResearchConsideration of a stockholder proposal requesting a report on ensuring respect for civil libertiesAgainst0.61%
6/27/23SocialBrad LanderConsideration of a stockholder proposal requesting a report on Mastercard's stance on new Merchant Category CodeAgainst9.42%
6/27/23SocialJohn CheveddenConsideration of a stockholder proposal requesting lobbyingAgainst27.85%
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