AbbVie

Allergan PLC
Illinois
Pharmaceuticals Biotechnology and Life Sciences

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

AbbVie vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. However, it has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. AbbVie is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce. The company funds the Human Rights Campaign (HRC) and advocates for the Equality Act. Allergan, a subsidiary of AbbVie, signed onto the Business Roundtable in 2019. For these reasons, AbbVie receives a Medium Risk rating.

Criteria
Risk Level
Rationale
Corporate Weaponization
Criteria

Has denied service to 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

AbbVie has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index. Among other requirements, this means AbbVie has pledged to vet vendors based on LGBTQ policies (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

AbbVie does not appear to discriminate against religious organizations in its charitable giving. Its philanthropy focuses on strengthening healthcare systems, effective educational programs, and building strong communities. (1). AbbVie does partner with Habitat for Humanity, a faith-based charity (2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level
Rationale

AbbVie does not protect its employees from viewpoint discrimination (1).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

AbbVie signed an open letter in support of the Equality Act (1). AbbVie also hosts its own Pride Month events and matches donations to LGBTQ advocacy groups (2).

Criteria

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

Risk Level
Rationale

AbbVie has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). AbbVie is a sponsor of the HRC (3). AbbVie has pledged $62 million to Black Lives Matter and related causes (4)(5). AbbVie is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (6)(7). Allergan, a subsidiary of AbbVie, signed onto the Business Roundtable in 2019 (8).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level
Rationale

AbbVie has not used its PAC donations for ideological purposes (1)(2).

All links were last accessed and all information was updated on:
November 27, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/5/23GovernanceJohn CheveddenSimple Majority VotingAgainst53.90%
5/5/23GovernanceDana Investment AdvisersIssue a Report on LobbyingAgainst35.70%
5/5/23GovernanceFriends Fiduciary CorporationIssue a Report on Patent ProcessAgainst29.00%
5/5/23GovernanceAs You SowReport on Political SpendingAgainst14.90%
5/6/22GovernanceKenneth SteinerShareholder Ratification of Termination Pay Exceeding 2.99x Total PayAgainst50.10%
5/6/22SocialAs You SowReport on Political SpendingAgainst39.32%
5/6/22GovernanceFriends Fiduciary Corp.Board Oversight of Risks Related to Anticompetitive PracticesAgainst32.82%
5/6/22GovernanceRhode Island Employees Retirement SystemIndependent Board ChairAgainst30.18%
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