Capricorn Investment Group

Rating Overview

Capricorn Investment Group is Medium Risk.

Capricorn Investment Group is Medium Risk. The company often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Capricorn Investment Group 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	No Data
Employment Protection	Medium Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	High Risk
Funding	Lower Risk
Political Actions	No Data

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:

Capricorn Investment Group integrates ESG into its business practices. From its Impact Page: Capricorn Investment Group “actively engage[s] with fund managers to understand and improve racial and gender diversity in our client portfolios … and measure[s] portfolio holdings on their greenhouse gas emissions, alignment with a low carbon future, and potential transition risk or stranded asset risk due to regulatory action (1). The company is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (2)(3). However, the company has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (4).

Criteria:

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

Risk Level:

N/A

Rationale:

Capricorn Investment Group does not publish charitable giving guidelines (1).

Criteria:

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

Risk Level:

Medium

Rationale:

Capricorn Investment Group does not publish a nondiscrimination policy (1).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Capricorn Investment Group is committed to net zero carbon emissions by 2050 in line with the Paris Agreement (1). The company supports DEI within its business practices. From its Impact Page: Capricorn Investment Group “actively engage[s] with fund managers to understand and improve racial and gender diversity in our client portfolios (2). The company established the Sustainable Investors Fund which aims to provide seed capital to “asset management firms with innovative approaches to addressing global issues such as climate change and income inequality” (3). The company was part of the Net Zero Asset Managers initiative prior to NZAM’s suspension in 2025. Its membership indicated a commitment to carbon neutrality with its investments by 2050 (4)(5)(6)

Criteria:

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

Risk Level:

Lower

Rationale:

Capricorn Investment Group 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:

N/A

Rationale:

Capricorn Investment Group does not operate a PAC or engage in lobbying at this time (1)(2)(3).