Standard Chartered

United Kingdom
Banks

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Standard Chartered received a 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Standard Chartered 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. Standard Chartered 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. Standard Chartered will not work with companies that generate more than 5% of their earnings from thermal coal. The company supports the Equality Act and is a corporate partner of the National LGBT Chamber of Commerce (NGLCC). For these reasons, Standard Chartered receives a High Risk rating.

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