Butterfly Network - 1792 Exchange

Rating Overview

Butterfly Network is Medium Risk.

Butterfly Network is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Butterfly Network The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. The company occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	Medium Risk
Discriminatory Philanthropy	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	Lower Risk

Corporate Governance and Public Policy ⓘ

Rating Criteria Detail

Criteria Risk Level Rationale

Corporate Weaponization

Criteria:

Has canceled 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:

Medium

Rationale:

Butterfly Network integrates ESG into its business practices by vetting vendors according to ESG policies. From its 2024 Impact and Ambition Report: “We evaluate suppliers based on the credentialing and related standards of International Organization for Standards (ISO) 14001 Environmental Management” (1). However, the company has not canceled customers, suppliers, or vendors based on political views or religious beliefs (2).

Criteria:

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

Risk Level:

Lower

Rationale:

Butterfly Network does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria:

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level:

High

Rationale:

Butterfly Network requires its hiring managers to take unconscious bias training (1). The company appears to prioritize diversity over merit in its recruitment and hiring. From its 2024 Impact and Ambition Report: the company invests in software for recruiting which aims “to make hiring fairer and more equitable by providing tools for reducing bias and offering a structured hiring philosophy built around Diversity, Equity, and Inclusion” (2). Butterfly Network does not provide viewpoint protections for its employees (3).

Corporate Governance and Public Policy

Criteria:

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level:

High

Rationale:

Butterfly Network supports ESG within its business practices. From its 2023 Impact and Ambition Report: “Moving forward, our ESG Framework will become a guiding force to align workforce and company operation decisions and can pave the way to more positive external impact” (1). The company supports DEI within its business practices. From its 2023 Annual Report: “We seek to promote greater diversity among our employees, enhance knowledge and understanding of key DEI issues and foster an environment where our employees and stakeholders feel included and valued for their diverse experiences and perspectives” (2).

Criteria:

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

Risk Level:

Lower

Rationale:

Butterfly Network has not used corporate funds to advance ideological causes, organizations, or policies (1).

Criteria:

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level:

Lower

Rationale:

Butterfly Network does not operate a PAC at this time and has not used its lobbying for ideological purposes (1)(2)(3).