T. Rowe Price

Maryland
Diversified Financials

Risk Level:

Rating - Caution
Medium Risk

Summary:

T. Rowe Price has not terminated business relationships due to ideological beliefs, though it does vet suppliers according to LGBTQ policies. T. Rowe Price does not have viewpoint protections for its employees. The company has donated to ideological groups such as Race Forward and supported legal rulings in favor of "marriage equality" and other ideological agendas. For these reasons, T. Rowe Price 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

T. Rowe Price received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). There are no known instances of T. Rowe Price terminating business relationships because of political or religious beliefs.

Criteria

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

Risk Level
Rationale

T. Rowe Price does not discriminate against religious organizations in its charitable giving (1).

Criteria

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

Risk Level
Rationale

T. Rowe Price does not protect against viewpoint discrimination in their nondiscrimination policy (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

T. Rowe Price “supported the U.S. Supreme Court extension of workforce discrimination protections for LGBTQ+ employees and marriage equality and spoke out against public restroom restrictions for trans people” (1).

Criteria

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

Risk Level
Rationale

T. Rowe Price pledged over $7 million to the Black Lives Matter movement and related causes, including $400,000 to Race Forward (1)(2)(3).

Criteria

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

Risk Level
Rationale

T. Rowe Price has not used its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
March 30, 2023

Company reports are intended for educational use only. Full Disclaimer

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