AbbVie
Corporate Bias Rating
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Risk Level:
Summary:
AbbVie 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, AbbVie 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. AbbVie 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. Allergan is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. Abbvie is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. The company is a Copper sponsor of Out & Equal and is a corporate partner of the NGLCC. AbbVie supports the Equality Act and donated to the Equality PAC. For these reasons, AbbVie receives a High Risk rating.
Board Bias
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CEO of AbbVie
Richard A. Gonzalez
Summary:
Headquartered in Chicago, Illinois, AbbVie is a member of the Fortune 250 operating in the Pharmaceuticals Biotechnology and Life Sciences industry. Richard A. Gonzalez and Richard A. Gonzalez 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 $81,150 to Republican causes and $78,100 to Democratic causes. Under their tenure, AbbVie currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$81,150
$78,100
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/5/23 | Governance | John Chevedden | Simple Majority Voting | Against | 53.90% |
5/5/23 | Governance | Dana Investment Advisers | Issue a Report on Lobbying | Against | 35.70% |
5/5/23 | Governance | Friends Fiduciary Corporation | Issue a Report on Patent Process | Against | 29.00% |
5/5/23 | Governance | As You Sow | Report on Political Spending | Against | 14.90% |
5/6/22 | Governance | Kenneth Steiner | Shareholder Ratification of Termination Pay Exceeding 2.99x Total Pay | Against | 50.10% |
5/6/22 | Social | As You Sow | Report on Political Spending | Against | 39.32% |
5/6/22 | Governance | Friends Fiduciary Corp. | Board Oversight of Risks Related to Anticompetitive Practices | Against | 32.82% |
5/6/22 | Governance | Rhode Island Employees Retirement System | Independent Board Chair | Against | 30.18% |
In the News
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AbbVie , Amgen , Bank of America (Merrill Lynch) , Caterpillar , Citigroup , Citizens Financial , Coca-Cola (Coke) , Colgate-Palmolive , CVS Health , Delta Air Lines , General Motors (GM) , JPMorgan Chase , Morgan Stanley (E-Trade) , Prudential Financial , Robert Half , Sherwin Williams , Uber , United Parcel Service (UPS) , Wells Fargo