Vanguard
Corprate Bias Ratings
Risk Level:
Summary:
Vanguard vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. However, the company covers travel costs for employee abortions and has funded Planned Parenthood. Vanguard pledged $5 million to BLM and related causes and funds the ACLU. The company is a member of the Business Coalition for the Equality Act and is a corporate partner of the NGLCC. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over shareholder duties. However, it has not used its PAC contributions for ideological purposes. For these reasons, Vanguard receives a Medium Risk rating.
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.
Vanguard received a score of 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means Vanguard has pledged to vet vendors based on LGBTQ policies (1). Vanguard has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Vanguard does not discriminate against religious organizations in its charitable giving (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
Vanguard does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Vanguard is a member of the Business Coalition for the Equality Act and publishes articles on LGBTQ employees in the workplace (1)(2). Vanguard announced support for racial justice initiatives after the death of George Floyd, though the statement does not specify which groups would receive support (3). Vanguard was a member of the Net Zero Managers Initiative (4). CEO Mortimer Buckley signed the Business Roundtable’s 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Vanguard donates to Planned Parenthood and the American Civil Liberties Union (1). Vanguard reimburses travel expenses for its employees to get an abortion and is a corporate partner of the NGLCC (2)(3). Vanguard also pledged $5 million to the Black Lives Matter movement and related causes (4). Vanguard has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (5)(6).
All links were last accessed and all information was updated on:
November 30, 2023
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