Wellington Management

Massachusetts
Diversified Financials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Wellington will not invest in portfolios that contain investments in a variety of industries, including tobacco and nuclear energy. Due to its implementation of ESG-based divestments and similar practices, Wellington was one of 53 asset managers to receive a letter from a coalition of 21 state attorneys general raising concerns about the legal dangers of ESG investing, activism, and hiring schemes that the company embraces. By complying with the HRC’s controversial demands, Wellington 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 marketing and philanthropic support. Wellington 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. Wellington has engaged in a variety of corporate activism, including the Corporate Call to Action and CEO Action for Diversity and Inclusion. Wellington Management does not provide viewpoint protections for employees, and the company has funded the National Urban League. For these reasons, Wellington Management receives a High Risk rating.

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