New York Life Insurance

New York
Insurance

Risk Level:

Rating - Clear
Lower Risk

Summary:

New York Life Insurance has not terminated business relationships due to religious or political beliefs. Although it has used its corporate image to support the Equality Act, it does not regularly use its corporate resources to support ideological causes or organizations hostile to freedom of expression. New York Life has not weaponized its PAC and permits charitable donations to religious groups in line with its stated corporate values. For these reasons, New York Life Insurance receives a "Lower Risk" rating.

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

New York Life Insurance has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means New York Life has pledged to vet vendors based on LGBTQ policies (1).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level
Rationale

New York Life does not discriminate against faith-based institutions in its donation matching program. The company will donate to charities that align with its charitable goals (1)(2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

New York Life has religious and viewpoint protections in the workplace (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

New York Life signed onto a 2016 amicus brief supporting LGBTQ protections under current federal civil rights laws (1). New York Life signed an open letter in support of the Equality Act as well (2).

Criteria

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

Risk Level
Rationale

New York Life pledged a combined $2.5 million to the Black Lives Matter movement and related causes, including the National Urban League and the Equal Justice Initiative (1)(2).

Criteria

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

Risk Level
Rationale

New York Life contributes politically in a business-focused, bipartisan manner and does not contribute to ideological groups (1).

All links were last accessed and all information was updated on:
March 29, 2023

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