Clearway Energy Group - 1792 Exchange

Rating Overview

Clearway Energy Group is Medium Risk.

Clearway Energy 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 implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Clearway Energy 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	Lower Risk
Employment Protection	High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria	Risk Level
Advocacy Bias	Medium 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:

Clearway Energy Group integrates ESG into its business practices. In 2022, Clearway Energy Group implemented the Policy for Purchasing from Local, Environmentally Aware, Diverse, and Small Businesses (LEADS Program), a contractual requirement established to “contract with suppliers that have established and maintain internal targets to minimize [their] environmental impact”. The policy requires suppliers to publish their own LEAD documents and report on their sustainability policies (1)(2). However, Clearway Energy Group has not canceled customers, suppliers, or vendors based on political views or religious beliefs (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Clearway Energy Group does not appear to discriminate against charitable organizations based on views or beliefs (1)(2).

Criteria:

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

Risk Level:

High

Rationale:

Clearway Energy Group requires its employees take allyship training (1). 5% of Clearway Energy Group expenditures are directed toward “local, environmentally aware, diverse, and small businesses” (2). Clearway Energy Group appears to prioritize diversity over merit in its hiring and leadership composition. The company set goals to “Increase demographic representation among all employees and increase representation among managers and above”. These goals led to “60% of our new hires were from historically underrepresented groups” and “Manager+ levels experienced a 7% increase in representation of women and a 4% increase in representation of people of color” (3). Clearway Energy Group does not publish a nondiscrimination policy (4).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

Medium

Rationale:

Clearway Energy Group opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces (1)(2). Otherwise, there are no publicly known cases of Clearway Energy Group using its reputation to advance ideological causes or policies (3).

Criteria:

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

Risk Level:

Lower

Rationale:

Clearway Energy Group has not used corporate funds to advance ideological causes, organizations, or policies (1)(2).

Criteria:

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

Risk Level:

Lower

Rationale:

Clearway Energy Group has not used its PAC donations or lobbying for ideological purposes (1)(2)(3).