M&T Bank

People's United Financial
New York
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

M&T Bank scored an 95 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, M&T Bank increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. M&T Bank 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 bank hosts unconscious bias training for employees. M&T Bank CEO Rene Jones is a member of the Business Roundtable. The bank is a member of the Partnership for Carbon Accounting Financials, committed to net zero carbon emissions by 2050. M&T Bank’s CEO, Rene F. Jones, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The bank’s foundation has previously donated to Planned Parenthood. M&T Bank is a silver partner of PFLAG, an LGBTQ+ activist group that promotes books for children with sexually explicit and gender fluid content and advocates against laws that inform parents of their child’s gender dysphoria or prevent unapproved transgender medical treatments for minors. The bank donated to the Equality PAC. For these reasons, M&T Bank receives a High Risk rating.

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