At OpenInvest, we’re committed to standing up for LGBTQ rights in the workplace. While there has been great progress in the fight for marriage equality, protections for LGBTQ individuals in the workplace vary greatly by state. However, individual companies can protect the rights of employees and even customers. While some are making positive strides towards LGBTQ rights, there is a tremendous gap between leaders and laggards. That’s why we’ve curated a list of the 25 best and worst publicly traded companies for LGBTQ rights in America.
Each year, the Human Rights Campaign* produces the Corporate Equality Index, which rates companies from 0 to 100 on their treatment of LGBTQ employees. The index considers 5 criterion when rating companies, including: sexual orientation and gender identity in the company’s equal employment opportunity policy; domestic partner benefits; transgender-inclusive health insurance coverage; overall organizational LGBTQ competency; and public commitment for LGBTQ-specific efforts.
Drawing on the data from the Corporate Equality Index, we developed the first ever LGBTQ In the Workplace Investing Screen. As an OpenInvestor, if you select our LGBTQ screen, OpenInvest invests you in the best-rated companies to ensure that we’re doing everything we can to move the needle in the right direction. The goal of our LGBTQ in the Workplace Investing Screen is to help protect individuals from bias in hiring, promotion, job assignment, termination, compensation, and harassment on the basis of their sexual orientation or identity. And shifting your finances to support the most supportive companies – and divesting from the worst- speaks volumes and can also encourage other companies to follow suit.
But we wanted to take it a little further. OpenInvest has a number of other issues investing screens, from Women in the Workplace, to Trump to fighting Big Tobacco and more. We wanted to dive into our data and come up with the 25 best and worst publicly traded companies for LGBTQ rights, while also considering other social cause metrics that we believe help to create more inclusive workplaces and companies.
The 25 best companies for LGBTQ rights are not only ranked 100 on the Index, but they also:
- Rank as leaders for fighting climate change
- Are not in the tobacco industry
- Are not in the private prison industry and/or do not benefit/invest in for-profit prisons
- Have at least 0.1% or greater percentage of women in executive positions
- Have not financed the DAPL (Yay!)
- Have not publicly supported Trump’s controversial candidacy, products, and policies
The 25 best companies (in no particular order)*
Boeing Company (The)
Rockwell Collins, Inc
Cisco Systems, Inc
Walt Disney Company (The)
Estee Lauder Companies, Inc
Goldman Sachs Group, Inc
Henry Schein, Inc
Lincoln National Corporation
Time Warner Inc
Now, for our 25 Worst Companies…
All the companies here are rated a failing score 0 or 10 on the Corporate Equality Index for LGBTQ rights in the workplace. Make sure these companies hear from you because corporations are fundamentally beholden to their shareholders. This list is in no particular order.
Avery Dennison Corporation
The AES Corporation
Quanta Services, Inc.
DISH Network Corp.
Universal Health Services, Inc.
Foot Locker, Inc
Genuine Parts Company
Leucadia National Corporation
Philip Morris International Inc
Pioneer Natural Resources Company
Twenty-First Century Fox, Inc.
Tractor Supply Company
Host Hotels & Resorts, Inc.
EOG Resources, Inc.
Dishonorable Mention: O’ Reilly Automotive, Inc.
Surprised at a company on the list? Upset a company isn’t? If you feel that we missed a company, or should make any amendments to our list, please let us know in the comments! We always welcome input from our community.
There is no particular order to the list. We made best efforts to collect accurate data, but we cannot guarantee accuracy. Individuals and organizations should conduct their own research before making decisions based on this data, financial or otherwise, and OpenInvest is not liable as such.
This list is not an offer, solicitation of an offer, or advice to buy or sell securities in jurisdictions where OpenInvest is not registered. Nothing is this article should be construed as tax advice, an offer, solicitation, or recommendation to purchase or sell any security. This list is not intended as investment advice, and OpenInvest does not represent in any manner that the circumstances described herein will result in any particular outcome. Investment advisory services are only provided to investors who become OpenInvest clients.
*OpenInvest, and its services, are in no way affiliated with or sponsored by the Human Rights Campaign Foundation (HRC), the Corporate Equality Index (CEI), or any other of the HRC’s affiliates or publications.