Philips

Philips Respironics, Magnavox, Saeco, Strand Lighting, Philips Records
The Netherlands
Health Care Equipment and Services, Pharmaceuticals Biotechnology and Life Sciences

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Philips, a Dutch conglomerate company, has not publicly fired customers, suppliers, or vendors based on views or beliefs, despite its pledge to vet vendors for LGBTQ policies. Philips integrates ESG into all of its business practices and will not make donations to religious organizations. Philips is a member of the CEO Action Group and was involved in LGBTQ Pride events in Nashville and Seattle. Philips actively celebrates Pride Month and promotes its LGBTQ ERG. Philips covers the cost of "medically necessary transition-related care” for its employees and their children. For these reasons, Philips receives a Medium 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

Philips received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (HRC). Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). Philips integrates ESG into all of its business practices, including its supplier practices (2)(3)(4). Philips has not publicly fired customers, suppliers, or vendors based on views or beliefs.

Criteria

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

Risk Level
Rationale

Philips does not make charitable donations to religious organizations (1).

Criteria

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

Risk Level
Rationale

Philips protects its employees from viewpoint and religious discrimination (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

Philips’ CEO is a member of the the CEO Action Group for a European Green New Deal and was also involved in Pride events in Nashville and Seattle (1)(2). Philips actively celebrates Pride Month by publishing articles on how to support the LGBTQ community and promotes its LGBTQ+ Employee Resource Group (3)(4).

Criteria

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

Risk Level
Rationale

Philips 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). Philips has sponsored various LGBTQ Pride events, including Pride Parades (3).

Criteria

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

Risk Level
Rationale

Philips operates its PAC and lobbies in a manner consistent with its business interests (1)(2).

All links were last accessed and all information was updated on:
December 5, 2023

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