Expensify - 1792 Exchange

Rating Overview

Expensify is Medium Risk.

Expensify 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. Expensify 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	Lower 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	Medium 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:

Lower

Rationale:

Expensify has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria:

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

Risk Level:

Lower

Rationale:

Expensify does not appear to discriminate against charitable organizations based on views or beliefs. The company focuses on funding, sustainable environment, housing, food security, prison reform, and youth advocacy (1)(2).

Criteria:

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

Risk Level:

High

Rationale:

Expensify appears to prioritize diversity over merit in its hiring. From its ESG page: “We are committed to eliminating bias in how we hire and compensate our employees, including equity-based hiring strategies” (1). The company offers a DEI video series (2). It does not provide viewpoint protections for its employees (3)(4).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

Expensify CEO David Barrett sent a letter to all Expensify customers attacking Donald Trump and urging them to all vote for Joe Biden in the 2020 presidential election (1). The company’s CEO David Barrett also issued a statement attacking companies that did not suspend political giving to Republican election objectors (2).

Criteria:

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

Risk Level:

Medium

Rationale:

Expensify donates $0.25 for every $1 the company pays to its white male employees to equity-focused charitable organizations (1). The company has also created giving campaigns for climate change and inequality-focused organizations (2). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (3).

Criteria:

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

Risk Level:

N/A

Rationale:

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