Veritas NetBackup - 1792 Exchange

Corprate Bias Ratings

Risk Level:

Medium Risk

Summary:

Veritas NetBackup, a data management platform, is a brand of NortonLife Lock. Please see NortonLife Lock's Corporate Risk Assessment for further details. Veritas NetBackup does not protect its employees against viewpoint protection and discriminates against religious organizations. Veritas uses its corporate reputation to advance LGBTQ causes and advance ESG principles through its SAVE program. NortonLife Lock, the parent company, vets vendors for their LGBTQ policies. However, Veritas NetBackup does not use its corporate funds to advance ideological causes hostile to freedom of expression. The company has not publicly terminated any business relationships due to beliefs. For these reasons, Veritas NetBackup 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

Veritas NetBackup, which is one of NortonLifeLock’s brands, received a score of 100 on the Corporate Equality Index (CEI) from the Human Rights Campaign. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). Please see NortonLife Lock’s Corporate Risk Assessment for further details. There are no known instances of Veritas NetBackup 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

Veritas NetBackup partnered with TechSoup for its charitable giving. It will not donate to “faith-based organizations whose primary mission is religious” (1). Veritas will donate to organizations like Habitat for Humanity (2).

Criteria

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

Risk Level

Rationale

Veritas NetBackup does not protect its employees against viewpoint discrimination (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

Veritas supports the 10 principles of the United Nations Global Compact (1). Veritas hosted a DEI Town Hall to explain “the ABCs of the LGBTQIA+ community” (2)(3). Veritas has a large focus on reducing its GHG emissions and creating a sustainable supply chain through its SAVE program (4)(5).

Criteria

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

Risk Level

Rationale

Veritas NetBackup does not use its corporate funds to advance ideological organizations hostile to freedom of expression.

Criteria

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

Risk Level

N/A

Rationale

Veritas NetBackup does not operate a PAC at this time.

All links were last accessed and all information was updated on:
July 19, 2023

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