Pantheon - 1792 Exchange

Rating Overview

Pantheon is High Risk.

Pantheon is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. Pantheon embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

Rating Criteria

Corporate Weaponization Risk Levels
Criteria	Risk Level
Cancellations	High 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	High 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:

High

Rationale:

After previously resisting social media pressure to deplatform Alliance Defending Freedom (ADF) as a client, Pantheon changed its Acceptable Use Policy and dropped ADF in October 2023 (1)(2). The company notes that, “Going forward, we will not do business with organizations whose primary purpose is organized hate, voter fraud/misinformation, or climate change denial.” Additionally, Pantheon says, “We are setting standards that will, for instance, help us avoid taking on Southern Poverty Law Center-designated hate groups as customers.” Pantheon is a signatory of the Principles for Responsible Investment, incorporating ESG issues into investment analysis, decision-making, and other business practices (3)(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:

Pantheon 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:

Pantheon does not provide viewpoint protections for its employees (1)(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:

Pantheon has supported ESG within its business practices: From its open letter: “We found useful prior art in the application of ESG (Environmental, Social, and Governance) as investment criteria, as well as in how organizations have worked to align themselves with the UN Sustainable Development Goals” (1)(2). The company is a signatory of the Institutional Limited Partners Association’s Diversity in Action Initiative, committing itself to specific actions that advance DEI within the governance and policies of the organization and the private equity industry more broadly (3)(4)(5).

Criteria:

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

Risk Level:

High

Rationale:

Pantheon’s benefits include “abortive coverage, reimbursements for travel, and legal fees associated with anti-abortion laws” as well as “coverage and travel expenses for gender reassignment services and procedures” (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:

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