Western Asset Management Co.

California
Diversified Financials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Western Asset Management does not protect its employees against viewpoint discrimination and has not publicly terminated business relationships based on views or beliefs. The company integrates ESG into all of its business practices and is a member of Climate Action 100+. Western Asset Management provides DEI training for all its employees but does not appear to discriminate against religious organizations in its charitable giving. The company has not used corporate funds to advance ideological purposes. For these reasons, Western Asset Management 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

Western Asset Management integrates ESG into all of its business practices. The company stated “we have been actively integrating ESG for many years, however, we’ve developed our own methodologies and work closely with issuers and clients to communicate transparently and improve our approach” (1). The company has not publicly fired customers, suppliers or vendors based on political views 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

Western Asset Management does not appear to discriminate against religious organizations in its charitable giving (1).

Criteria

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

Risk Level
Rationale

Western Asset Management does not provide viewpoint protections for its employees (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

Western Asset Management is a member of Climate Action 100+, which aims to mainstream climate action among asset management companies (1). The company provides DEI training for all its employees (2).

Criteria

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

Risk Level
Rationale

Western Asset Management has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

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

Risk Level
N/A
Rationale

Western Asset Management does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
September 28, 2023

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