Corprate Bias Ratings
Visa has terminated business relationships due to political beliefs with The David Horowitz Freedom Center after the SPLC labeled it as a hate group. The company vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. 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. For these reasons, Visa receives a High 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.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
Visa does not donate to religious organizations unless “the donation is designated for ongoing non-secular community service programs open to all persons, and which do not propagate belief in any specific faith as a requirement for receiving services” (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
Visa is a member of the Business Coalition for the Equality Act and utilizes a new product code for legal firearms, allowing for the potential tracking of legal gun purchases (1)(2). Visa’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (3). Visa CEO is a member of the Business Roundtable and signed the 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (4)(5).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
Visa pledged over $15 million to the Black Lives Matter movement and related causes, including the ACLU and the National Urban League (1)(2). The company is a silver partner of the HRC, a copper sponsor of Out & Equal, and a corporate partner of the National LGBT Chamber of Commerce (3)(4)(5). Visa 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 (6)(7).
All links were last accessed and all information was updated on:
December 1, 2023
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|Date||ESG Category||Proponent||Summary of Resolution||Mgmt Rec||Total Vote % in Favor|
|1/24/23||Governance||National Legal and Policy Center||Independent Board Chair||Against||17.40%|