Lockheed Martin
Corporate Bias Rating
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Risk Level:
Summary:
Lockheed Martin has not publicly terminated business relationships based on views or beliefs. Lockheed Martin 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, Lockheed Martin 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. Lockheed Martin 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. The company does not provide viewpoint protections for its employees. Lockheed Martin is a Silver sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce. Its CEO signed the CEO Action for Diversity & Inclusion pledge. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. Lockheed Martin is a bronze partner of PFLAG. For these reasons, Lockheed Martin receives a Medium Risk rating.
Board Bias
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CEO of Lockheed Martin
James D. Taiclet
Summary:
Headquartered in Bethesda, Maryland, Lockheed Martin is a member of the Fortune 250 operating in the Capital Goods industry. James D. Taiclet and James D. Taiclet 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 $453,350 to Republican causes and $302,097 to Democratic causes. Under their tenure, Lockheed Martin currently holds a 'Medium Risk' risk rating.
Political Contributions of Leadership:
$453,350
$302,097
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/27/23 | Environmental | As You Sow, on behalf of the Remmer Family Foundation, Inc. | Net-zero Targets and Climate Transition Planning | Against | 35.40% |
4/27/23 | Governance | John Chevedden | Independent Board Chair | Against | 28.30% |
4/27/23 | Social | Sisters Charity of St. Elizabeth | Human Rights Impact Assessment | Against | 13.70% |
4/21/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 46.64% |
4/21/22 | Social | Sisters of Charity of St. Elizabeth | Report on Human Rights Impact Assessment | Against | 20.20% |