JBG SMITH - 1792 Exchange

Rating Overview

JBG SMITH is Medium Risk.

JBG SMITH Properties 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	Medium 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:

Medium

Rationale:

JBG SMITH integrates ESG into its business practices. From its Sustainability Overview webpage: “We tie corporate compensation to ESG goals” (1). The company promotes divisive sex and gender policies. Its Supplier Code of Conduct requires international vendors to include sexual orientation and gender identity in their nondiscrimination policy (2). However, JBG SMITH 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:

JBG SMITH 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:

In 2023, JBG SMITH offered a “Diversity and Inclusion” training program, which included courses on Unconscious Bias (1). The company offers ESG training (2). JBG SMITH appears to prioritize diversity over merit in its supply chain and its recruitment. From its Sustainability 2024 Report “All master agreements now include language that requires supplier diversity and the inclusion of small and minority-owned businesses” (3). From its Sustainability 2024 Report: “Our Talent Acquisition team remains focused on presenting a diverse candidate slate during the interview process. So far in 2023 we have hired more females than males and more people of color than Caucasians. 52.7% of new hires were women and 81.2% were people of color” (4). JBG SMITH does not provide viewpoint protections for its employees (5).

Corporate Governance and Public Policy

Criteria:

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

Risk Level:

Medium

Rationale:

JBG SMITH supports DEI within its business practices. From its 2024 Sustainability Report: “We are integrating D&I into our business strategy and corporate culture.” It supports ESG within its business practices: “Our business strategy is innately aligned with our sustainability goals due to the nature of our industry” (1). However, in 2025, the company removed DEI and ESG, language from its Annual Report. To date, the company has not publicly addressed these changes, leaving shareholders without clarity regarding the company’s reasoning or future direction (2). Otherwise, the company has not supported ideological causes or policies (3).

Criteria:

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

Risk Level:

Medium

Rationale:

JBG SMITH sponsored the Arlington Pride Festival (1). Otherwise, there are no publicly known cases of the company using corporate funds to advance ideological causes, organizations, or policies (2).

Criteria:

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

Risk Level:

N/A

Rationale:

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