Raymond James

Banks, Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

Raymond James fired an employee after he was featured in a viral video of a woman questioning a man chalking "BLM" onto a sidewalk on private property. Raymond James supports the Equality Act but does not protect against political affiliation discrimination for its employees. The firm does not fund ideological groups hostile to freedom of expression, however. Raymond James has not canceled clients due to ideological differences. For these reasons, Raymond James 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

Raymond James fired an employee after he and his wife were featured in a viral video on Twitter confronting a man after he chalked a “BLM” sign in front of what he claims is his home and his property (1)(2). The couple later apologized for the incident, but the employee was fired regardless. In addition, Raymond James received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (3). Among other requirements, this means that Raymond James has pledged to vet vendors for LGBTQ policies and advocate for pro-LGBTQ causes.

Criteria

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

Risk Level
Rationale

Raymond James donates to a wide array of charities without discrimination (1)(2)(3).

Criteria

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

Risk Level
Rationale

Raymond James is an equal opportunity employer but does not protect against political affiliation protection (1)(2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Raymond James promotes various diversity and inclusion initiatives at its firm (1). It also supports the Equality Act (2). Raymond James also initiated a Pride Financial Advisors Network (3).

Criteria

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

Risk Level
Rationale

Raymond James does not fund ideological organizations hostile to freedom of expression (1)(2).

Criteria

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

Risk Level
Rationale

Raymond James does not make political donations.

All links were last accessed and all information was updated on:
December 27, 2022

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