Baxter International
Corporate Bias Rating
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Risk Level:
Summary:
Baxter International scored a 60 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, Baxter International increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Baxter International funds the Human Rights Campaign (HRC) and pledged over $6 million to BLM and related causes. Baxter International is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company is a Ceres Network Member, committed to carbon neutrality by 2040. For these reasons, Baxter International receives a High Risk rating.
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/2/23 | Governance | John Chevedden | Require Executives to Retain Significant Stock | Against | 31.20% |
5/2/23 | Governance | Kenneth Steiner | Require Shareholder Approval of Termination Pay | Against | 9.70% |
5/3/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 34.88% |
5/3/22 | Governance | Kenneth Steiner | Independent Board Chair | Against | 22.73% |