Morningstar

Illinois
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Morningstar is a financial services firm headquartered in Chicago. It has not publicly terminated business relationships based on views or beliefs. Morningstar scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Morningstar 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. Morningstar 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 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. Morningstar does not provide its employees with protections against viewpoint discrimination. Morningstar utilizes ESG criteria for investing and has recently experienced discriminatory issues with its ESG reporting services related to biases against Israelis and Jews, triggering investigations into the firm. Morningstar offers potential client's advice on how to avoid certain industries, such as fossil fuels or firearms, in portfolios. The company advocates against state-level election integrity measures and is part of Glasgow's Net Zero Alliance. Morningstar discriminates against religious organizations in its charitable giving and supports and funds LGBTQ causes and organizations. For these reasons, Morningstar earns a High Risk rating.

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