Visa
Corporate Bias Rating
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Risk Level:
Summary:
Visa has terminated business relationships due to political beliefs with The David Horowitz Freedom Center after the SPLC labeled it as a hate group. Visa scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Visa increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Visa forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Visa is a corporate partner of the Human Rights Campaign (HRC) and has also funded the American Civil Liberties Union (ACLU) and the National Urban League. The company is a member of the Business Coalition for the Equality Act and funds multiple LGBTQ organizations. Visa enacted a new product code system for firearms which could allow them to be tracked and covers the cost of "medically necessary transition-related care” for its employees and their children. Visa is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Visa receives a High Risk rating.
Board Bias
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CEO of Visa
Alfred F. Kelly, Jr.
Summary:
Headquartered in San Francisco, California, Visa is a member of the Fortune 250 operating in the Diversified Financials industry. Alfred F. Kelly, Jr. and Alfred F. Kelly, Jr. serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $164,300 to Republican causes and $152,750 to Democratic causes. Under their tenure, Visa currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$164,300
$152,750
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/27/23 | Social | Myra K. Young | The stockholder proposal regarding pay equity disclosure. | Against | 34.81% |
1/23/24 | Governance | John Chevedden | Shareholder Ratification of Termination Pay | Against | 42.49% |
1/24/23 | Governance | National Legal and Policy Center | Independent Board Chair | Against | 17.40% |
In the News
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