Tortoise Capital

Kansas
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

Tortoise Capital refuses to do business with companies whose principal business is in fossil fuels. Tortoise Capital joined the Net Zero Asset Managers Initiative and its parent company is a signatory of the United Nation's Principle for Responsible Investment. The company integrates ESG into all of its business practices. For these reasons, Tortoise Capital receives a High 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
Tortoise Capital does not do business with companies whose principal business is in fossil fuels. “Ecofin does not intend to invest in a company that has a significant amount of revenues from selling fossil fuel reserves or whose principal business is extracting, processing, or refining coal, tar sands, oil, or natural gas” (1).
Criteria

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

Risk Level
Rationale
Tortoise Capital does not discriminate against religious organizations in its charitable giving. Included in a list of organizations the company has supported is a charity for Catholic families (1).
Criteria

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

Risk Level
Rationale
Tortoise Capital does not publish a nondiscrimination policy.
Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

Tortoise Capital joined the Net Zero Asset Managers Initiative, a “group of global investment managers who have pledged to support the goal of net zero emissions by 2050” (1). Tortoise Capital’s parent company has expressed support for ESG by being a signatory of the United Nations Principles for Responsible Investment, which means a commitment to ESG integration in investment and business practices (2).

Criteria

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

Risk Level
Rationale

Tortoise Capital has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

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

Risk Level
N/A
Rationale
Tortoise Capital does not operate a PAC or engage in lobbying at this time (1)(2)(3).

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

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