Alcoa - 1792 Exchange

Corprate Bias Ratings

Risk Level:

Medium Risk

Summary:

Alcoa vets vendors according to LGBTQ policies and does not protect its employees 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 and supports the Equality Act. Alcoa requires organizations abide by its charitable giving nondiscrimination policies. However, the company has not used its corporate reputation or PAC contributions for ideological purposes. For these reasons, Alcoa 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

Alcoa received a score of 90 on the Human Rights Campaign’s Corporate Equality Index. Among other commitments, the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). Alcoa has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level

Rationale

Alcoa’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)(2).

Criteria

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

Risk Level

Rationale

Alcoa does not provide viewpoint protections for its employees (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

Alcoa’s HRC CEI profile indicates the company covers the cost of “medically necessary transition-related” care for its employees and their children (1)(2). The company signed an open letter in support of the Equality Act (3).

Criteria

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

Risk Level

Rationale

Alcoa does not use corporate funds to advance ideological causes, organizations, or policies (1).

Criteria

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

Risk Level

Rationale

Alcoa has not used its PAC donations or lobbied for ideological purposes (1)(2)(3).

All links were last accessed and all information was updated on:
September 13, 2023

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Voting History

Date	ESG Category	Proponent	Summary of Resolution	Mgmt Rec	Total Vote % in Favor
5/5/23	Governance	Kenneth Steiner	Shareholder Ratification of Termination Pay	Against	38.70%
5/5/22	Governance	Kenneth Steiner	Reduce Ownership Threshold for Shareholders to Call a Special Meeting to 10%	Against	38.20%