Umb Financial Corporation

Missouri
Banks, Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Clear
Lower Risk

Summary:

UMB Financial does not provide viewpoint protections for its employees but has not publicly terminated business relationships based on views or beliefs. The company integrates ESG into all of its business practices. Its CEO signed the CEO Action for Diversity & Inclusion pledge and offers unconscious bias, microaggression, and affirmation training. However, it does not discriminate against religious organizations in its charitable giving and has not used its corporate funds for ideological purposes. For these reasons, UMB Financial Corporation receives a Lower 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
UMB Financial has not publicly terminated business relationships due to religious beliefs or political views. UMB Financial integrates ESG into all of its business practices with the CEO stating that the “ESG program as one of the key overarching lenses through which [it does] business” (1). Additionally, UMB Financial evaluates its “customers approach to, and performance on, ESG matters [as a] component of UMB’s credit analysis process” (2). Additionally, UMB Financial could potentially exclude certain suppliers due to a “commitment to supplier diversity” which “extends to supplier qualifications” that require at least 51% ownership by particular demographics (3).
Criteria

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

Risk Level
Rationale
UMB Financial Corporation does not discriminate against religious organizations in its charitable giving. The company donated $1,500 to Sisters in Christ in 2021 (1).
Criteria

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

Risk Level
Rationale
UMB Financial Corporation does not provide viewpoint protections for its employees (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
UMB Financial CEO Mariner Kemper signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (1). The company offers every associate training on topics such as “unconscious bias” and “microaggressions/affirmations” (2).
Criteria

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

Risk Level
Rationale

UMB Financial does not use 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
UMB Financial does not operate a PAC at this time and has not reported on its lobbying (1)(2)(3).

All links were last accessed and all information was updated on:
October 6, 2023

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