Voya Financial

New York
Diversified Financials

Risk Level:

Rating - Clear
Lower Risk

Summary:

Voya Financial has not publicly terminated business relationships due to religious or political beliefs, though it does vet suppliers according to LGBTQ policies. Voya Financial protects employees from viewpoint discrimination. Voya Financial has not used corporate dollars to support ideological groups, though it has used its reputation to support LGBTQ agendas. For these reasons, Voya Financial 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

Voya Financial received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (1). Among other requirements, this means Voya Financial vets suppliers according to LGBTQ policies.

Criteria

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

Risk Level
Rationale

The Voya Foundation’s main goals are “providing students grades K-12 with the resources to be financially secure in the future; supporting teacher training and rewarding excellence in the classroom; and helping students pursue post-secondary education through our Voya Scholars program” (1). Voya has not published a statement discriminating against religious organizations for the Voya Foundation or for its employee matching program (2).

Criteria

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

Risk Level
Rationale

Voya Financial protects employees from discrimination due to “thought, beliefs, education, background and experiences” (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

Voya Financial has not used its corporate reputation to sign onto pro-LGBTQ letters or legislation but has published a news page on its site supporting the LGBTQ agenda (1).

Criteria

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

Risk Level
Rationale

Voya Financial does not use corporate funds to advance ideological groups hostile to freedom of expression (1)(2).

Criteria

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

Risk Level
Rationale

Voya Financial has not used its PAC for ideological purposes (1).

All links were last accessed and all information was updated on:
March 24, 2023

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