Neuberger Berman - 1792 Exchange

Corprate Bias Ratings

Risk Level:

Medium Risk

Summary:

Neuberger Berman vets vendors according to LGBTQ policies and does not protect its employees against viewpoint discrimination. However, the company has not publicly terminated business relationships based on views or beliefs but is involved in multiple climate groups advocating for zero emissions,. Neuberger Berman covers the cost of "medically necessary transition-related care" for its employees and their children and was the first North American financial services firm to link corporate financing to material ESG metrics. However, the company does not publish charitable giving guidelines. For these reasons, Neuberger Berman receives a Medium Risk.

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

Neuberger Berman received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). The company has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

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

Neuberger Berman does not publish charitable giving guidelines (1)(2).

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

Neuberger Berman does not provide viewpoint protections for its employees (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

Neuberger Berman is involved in multiple climate groups advocating for zero emissions, including Climate Action 100+ and Ceres (1)(2). The company is the “First North American Financial Services Firm to Link Corporate Financing to Material ESG Metrics” (3).

Criteria

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

Risk Level

Rationale

Neuberger Berman 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 (1)(2).

Criteria

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

Risk Level

N/A

Rationale

Neuberger Berman does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
September 27, 2023

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