Suncor Energy - 1792 Exchange

Corporate Bias Rating

Expand Summary

Risk Level:

Lower Risk

Summary:

Suncor Energy does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company elevates merit, excellence, and integrity ahead of race and identity-based policies. Suncor Energy does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

View Full Corporate Bias Ratings Report

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

Suncor Energy has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1)(2).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

Rationale

Suncor Energy will not give to “Religious organizations (except where they offer non-denominational community and social support services).” Additionally, Suncor Energy’s charitable giving guidelines require that organizations abide by its nondiscrimination policy, including on the basis of sexual orientation and gender identity, thereby excluding some religious charities (1).

Criteria

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

Risk Level

Rationale

Suncor Energy does not provide viewpoint protections for its employees (1).

Corporate Governance and Public Policy

Criteria

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

Risk Level

Rationale

Suncor Energy is a member of Climate Action 100+, committed to carbon neutrality by 2050 (1). Suncor is a Ceres Network Member, committed to carbon neutrality by 2040 (2)(3)(4). Suncor Energy uses its blog to publish articles supporting LGBTQ pronoun use in the workplace, as well as pride week (5)(6). Otherwise, there are no publicly known cases of Suncor using its reputation to advance ideological causes or policies (7).

Criteria

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

Risk Level

Rationale

Suncor Energy has not used corporate funds to advance ideological causes, organizations, or policies (1)(2).

Criteria

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

Risk Level

N/A

Rationale

Suncor Energy does not operate a PAC and has not reported on its lobbying (1)(2)(3).

Board Bias

Expand Summary

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

Shareholder Proposals

Expand Summary

Date	ESG Category	Proponent	Summary of Resolution	Mgmt Rec	Total Vote % in Favor
5/9/23	Environmental	Investors for Paris Compliance	A shareholder proposal regarding the production of a report outlining how Suncor's capital expenditure plans align with its 2030 emissions reductions target.	Against	17.71%