PIMCO

California
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Pacific Investment Management Co., known as PIMCO, vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. PIMCO covers employee travel for an abortion and covers the cost of "medically necessary transition-related care” for its employees and their children. The company is a copper sponsor of Out & Equal and is committed to net zero emissions by 2050. For these reasons, PIMCO 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

PIMCO received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (1). Among other requirements, this means the company has pledged to vet vendors for LGBTQ policies. However, PIMCO has not terminated any business relationships due to religious or political differences.

Criteria

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

Risk Level
Rationale

PIMCO will not support “exclusively religious or sectarian projects,” although the company may support faith-based nonprofits (1).

Criteria

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

Risk Level
Rationale

PIMCO does not protect employees from viewpoint 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

PIMCO 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). The company is a signatory of Climate Action 100+ and a PCAF member, committed to net zero carbon emissions by 2050 (3)(4)(5).

Criteria

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

Risk Level
Rationale

After the Supreme Court decided to overrule Roe v. Wade, PIMCO announced that it would cover travel expenses for employees seeking abortion-related procedures in other states (1). PIMCO is a copper sponsor of Out & Equal (2).

Criteria

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

Risk Level
N/A
Rationale

PIMCO does not operate a PAC or make political donations.

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

Company reports are intended for educational use only. Full Disclaimer

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