Cummins
Corporate Bias Rating
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Risk Level:
Summary:
Cummins scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Cummins increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Cummins forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Cummins opposed the Indiana abortion law and pledged over $20 million to BLM and related causes. It is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company spoke out against the North Carolina legislation, HB2, which required people to use the bathroom of their biological sex. Cummins signed an open letter in support of the Equality Act and lobbied for the Equality Act. For these reasons, Cummins receives a High Risk rating.
Board Bias
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CEO of Cummins
Jennifer W. Rumsey
Summary:
Headquartered in Columbus, Indiana, Cummins is a member of the Fortune 250 operating in the Capital Goods industry. Jennifer W. Rumsey and N. Thomas Linebarger serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $61,450 to Republican causes and $247,415 to Democratic causes. Under their tenure, Cummins currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$61,450
$247,415
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/14/24 | Environmental | As You Sow | Shareholder proposal regarding linking executive compensation to achieving 1.5C emissions reductions | Against | N/A |
5/14/24 | Governance | John Chevedden | Independent Board Chairman | Against | N/A |
5/9/23 | Governance | John Chevedden | Require Two Seperate People Hold the Offices of Chairman and CEO | Against | 43.30% |
5/9/23 | Environmental | As You Sow on behalf of Meyer Memorial Trust, PCR Children’s Tr FBO Ellen and The Woodcock Foundation | Linking CEO Compensation to Climate Performance | Against | 15.10% |
5/10/22 | Governance | N/A - Undisclosed | Independent Board Chair | Against | 37.05% |