Piper Sandler Companies
Corprate Bias Ratings
By complying with Human Rights Campaign’s controversial demands, Piper Sandler Companies increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Piper Sandler forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Piper Sandler Companies does not provide viewpoint protections for its employees. However, it has not publicly terminated business relationships based on views or beliefs. Its CEO signed the CEO Action for Diversity & Inclusion pledge and implemented inclusion and anti-bias trainings for its employees. Piper Sandler supports ESG within its business practices and discriminates against some religious organizations in its charitable giving. The company has donated to the Trevor Project. For these reasons, Piper Sandler Companies receives a High 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.
Piper Sandler received a score of 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. The company recruits employees based on sexual identity issues. The company discriminates against vendors that do not promote divisive sex and gender policies, indicating it prioritizes sexual issues over merit (1)(2). However, Piper Sandler has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Piper Sandler’s HRC CEI rating indicates the company will not donate to non-religious charities unless they embrace controversial sexual identity policies (1)(2). Piper Sandler’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 (3).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Piper Sandler’s HRC 2023 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy (1)(2). By doing so, the company risks dividing employees, alienating customers and harming shareholders. Piper Sandler advocated for the LGBTQ+ movement by having its Pride Network host a cleanup event at Loring Park in Minneapolis after an annual Pride March (3). The company implements inclusion and anti-bias training for its employees and supports ESG within its business practices (4). Piper Sandler’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Piper Sandler’s HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology (1)(2). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders. The company also donated a percentage of $20,000 to the Trevor Project in 2022 (3).
All links were last accessed and all information was updated on:
January 8, 2024
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