Applied Materials

California
Semiconductors and Semiconductor Equipment

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Applied Materials, a materials engineering company, vets vendors according to LGBTQ policies and does not provide viewpoint protections for its employees. However, the company has not publicly terminated business relationships based on views or beliefs. Applied Materials covers the cost of "medically necessary transition-related care” for its employees and their children. The company funds Planned Parenthood and is a corporate partner of the Human Rights Campaign (HRC). Applied Materials supports the Equality Act and opposed multiple anti-LGBTQ legislation. The company will not match employee donations to religious organizations but has not used its political contributions for ideological purposes. For these reasons, Applied Materials 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

Applied Materials received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). However, the company has not publicly terminated business relationships due to religious beliefs or political views.

Criteria

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

Risk Level
Rationale

The Applied Materials Foundation’s focus areas are Education, Arts and Culture, Civic Engagement, Environment, and Girl’s Empowerment (1). The company’s employee match program does not match donations to “communities of faith or religious organizations, including seminaries, theological institutions, and nonprofit organizations that promote or serve specific religious beliefs” (2).

Criteria

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

Risk Level
Rationale

Applied Materials 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

Applied Materials signed an open letter in support of the Equality Act and opposed anti-LGBTQ legislation (1)(2). The company signed an open letter opposing a Florida bill that would prevent teaching gender identity and sexual orientation in public schools to kids in K-3rd grade (3).

Criteria

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

Risk Level
Rationale

Applied Materials has donated to Planned Parenthood (1). The company has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates Applied Materials covers the cost of “medically necessary transition-related care” for its employees and their children (2)(3). The company is a silver partner of the Human Rights Campaign’s (HRC) and has pledged $100,000 to the Black Lives Matter movement and related causes (4)(5).

Criteria

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

Risk Level
Rationale

Applied Materials 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:
December 8, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
3/9/23GovernanceKenneth SteinerGive the Owners of 10% of Common Stock the Power to Call a Special Shareholder MeetingAgainst50.40%
3/9/23GovernanceJing ZhaoImprove Executive Compensation Policy to Include CEO Pay Ratio FactorAgainst9.70%
3/10/22GovernanceKenneth SteinerSpecial Meetings - Reduce Ownership Req. to 10%Against47.28%
3/10/22GovernanceJing ZhaoAmend Exec Comp Principles to Include CEO Pay Ratio & Other FactorsAgainst8.25%
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