Sirius XM

Stitcher, Team Coco
New York
Telecommunication Services

Risk Level:

Rating - Caution
Medium Risk

Summary:

Sirius XM, which is mostly owned by Liberty Media, has pledged to vet vendors for LGBTQ policies, and the company does not provide viewpoint protections for employees. However, Sirius XM has not terminated business relationships or news shows due to ideological differences in recent years. Sirius XM has committed to public advocacy for LGBTQ and DEI-related causes. Sirius XM has not discriminated against religious organizations in its charitable giving or used its PAC dollars for ideological causes. For these reasons, Sirius XM 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

Sirius XM has received a score of 100 on the Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1). Sirius XM and its subsidiaries incorporate ESG into all of its business practices (2).

Criteria

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

Risk Level
Rationale

Sirius XM does not discriminate against religious organizations in its charitable giving. “The mission of SiriusXM Cares, a $25 million donor-advised philanthropic fund, is to contribute to organizations and take actions that promote and further social equality, education, hiring, and combat racial injustice” (1). Sirius XM and its subsidiaries have an employee matching program, but nonprofit eligibility details are not publicly available (2).

Criteria

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

Risk Level
Rationale

Sirius XM and its subsidiaries do not provide viewpoint protections for employees (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

Sirius XM and its subsidiaries have committed to public advocacy for or engagement with LGBTQ causes, such as celebrating Pride Month with music channels and specials (1). Sirius XM and its subsidiaries hold mandatory employee unconscious bias training (2). Sirius XM incorporates ESG into all of its business practices. Sirius XM and its subsidiaries committed to public advocacy for or engagement with DEI causes, such as asking audio brands to “make a measurable commitment to casting more Black voices on our collective platforms” (3)(4).

Criteria

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

Risk Level
Rationale

Sirius XM does not fund ideological organizations.

Criteria

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

Risk Level
Rationale

Sirius XM and its subsidiaries have not used PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
May 10, 2023

Company reports are intended for educational use only. Full Disclaimer

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