Ishikawajima-Harima Heavy Industries Corporation (IHI)

IHI Aerospace Co., Ltd., IHI METALTECH Co., Ltd., IHI Marine United Inc., IHI Turbo America Co., Ishikawajima Construction Machinery Co., Ltd., Ishikawajima Construction Materials Co., Ltd., Ishikawajima Transport Machinery Co., Ltd., Niigata Power Systems Co., Ltd., Niigata Transys Co., Ltd., PC Bridge Co., Ltd., Star Farm Machinery Manufacturing Co., Ltd., Voith IHI Paper Technology Co., Ltd., Changchun FAWER-IHI Turbo Co., Ltd., Hangzhou XIZI-IUK Parking System Co., Ltd., IHI-Sullair Compression Technology (Suzhou) Co., Ltd.
Tokyo, Japan
Energy, Technology Hardware and Equipment

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

IHI Corporation 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. IHI Corp 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.

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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
Rationale

IHI integrates ESG into its business practices. From its IHI Group Procurement Policy: “Business partners are expected to set emission reduction targets for CO2 and other greenhouse gases” (1). However, the company has not 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
Rationale

IHI does not appear to discriminate against charitable organizations based on views or beliefs. The company’s charitable giving focus areas are “disaster relief initiatives” and “organizations and events that promote studying abroad and STEAM learning” (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level
Rationale

IHI appears to prioritize diversity over merit in its recruitment, hiring, promotions, and leadership composition. From its Diversity, Equity, and Inclusion report: “These initiatives include recruiting and developing female hires in key human resource roles to promote to middle and top management while also defining various goals to build a workplace environment where they can actively participate” (1). The company appears to prioritize diversity over merit in its business structure through the establishment of gender targets for its recruitment. From its Diversity, Equity, and Inclusion report: The company is seeking to achieve a 20% female recruitment rate by 2026 (2). The company offers unconscious bias and DEI training to its employees (3). The company protects its employees against viewpoint discrimination (4).

Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

In 2023, IHI “held an ally conference inviting LGBTQ+ community members and experts” (1). The company is aligned with the Paris Agreement, which entails a commitment to net zero carbon emissions by 2050 (2). The company supports DEI within its business practices. From its Diversity, Equity, and Inclusion page: “If DE&I is not ingrained into the corporate culture it may result in a lack of diversity within the organization, making it difficult to coordinate and collaborate with various stakeholders and inhibiting the creation of new ideas and innovation” (3). The company supports ESG within its business practices. From its IHI Sustainability Data Book 2024: “IHI Group ESG Management announced in November 2021 aims to address the global challenge of climate change, respect the human rights of those involved in the Group’s businesses, and empower diverse human resources as the driving force behind value creation” (4).

Criteria

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

Risk Level
Rationale

IHI sponsored Tokyo Rainbow Pride 2023 (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

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

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.

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