Hannon Armstrong Sustainable Infrastructure

Rating Overview

Hannon Armstrong Sustainable Infrastructure is Medium Risk.

Hannon Armstrong Sustainable Infrastructure (HASI) 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. 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:

HASI integrates ESG into its business practices. The company incorporates ESG issues into its investing decisions and practices. From its 2024 Sustainability and Impact Report: “Net-Zero Target for Category 15 financed emissions set in 2023 for GC Renewables, Residential, Community, and C&I Solar assets” (1). However, the company has not publicly 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:

HASI 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:

HASI requires its managers to take understanding bias and anti-racism training (1). The company does not provide viewpoint protections for its employees (2).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

High

Rationale:

HASI supports ESG within its business practices. From its 2018 Impact Report: the company “Established an internal cross-functional ESG Committee comprised of company staff representing the accounting, investment, investor relations, legal and portfolio management functions of the company dedicated to implementing ESG strategies and policies” (1). HASI was part of the Net Zero Asset Managers initiative, committed to carbon neutrality with its investments by 2050 (2)(3)(4). The company supports DEI within its business practices. From its 2024 Sustainability and Impact Report: “HASI’s recognition of the importance of diversity, equity, and inclusion is an important aspect of our human capital approach” (5).

Criteria:

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

Risk Level:

Lower

Rationale:

HASI 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:

HASI has not used its PAC donations for ideological purposes and does not engage in lobbying at this time (1)(2)(3).