New York Life Insurance
Corprate Bias Ratings
Risk Level:
Summary:
New York Life Insurance vets vendors according to LGBTQ policies but 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. The company pledged $2.5 million to BLM and related causes and funds multiple LGBTQ organizations. New York Life Insurance discriminates against some religious organizations in its charitable giving and has donated to the Equality PAC. New York Life is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. However, the company protects its employees from viewpoint discrimination. For these reasons, New York Life Insurance receives a Medium Risk rating.
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.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
New York Life’s charitable giving guidelines require that organizations abide by its nondiscrimination policy including on the basis of sexual orientation and gender identity, thereby excluding some religious charities (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
New York Life protects its employees against viewpoint discrimination (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
New York Life signed an open letter in support of the Equality Act (1). Candriam, an affiliate of New York Life, is part of the Net Zero Asset Managers initiative, committed to carbon neutrality by 2050 (2). CEO Craig DeSanto is a member of the Business Roundtable and Former CEO Ted Mathas signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (3)(4).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
New York Life 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). New York Life pledged a combined $2.5 million to the Black Lives Matter movement and related causes, including the National Urban League and Race Forward (3)(4). New York Life is a brass sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (5)(6).
All links were last accessed and all information was updated on:
November 30, 2023
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