BorgWarner
Corporate Bias Rating
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Risk Level:
Summary:
BorgWarner scored an 80 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, BorgWarner 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. BorgWarner's CEO signed the CEO Action for Diversity and Inclusion pledge. The company supports ESG within its business practices through mandatory inclusion and unconscious bias training for its employees. BorgWarner's CEO is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. For these reasons BorgWarner, receives a Medium Risk rating.
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/26/23 | Governance | John Chevedden | Give the Owners of 10% of Common Stock the Power to Call a Special Shareholder Meeting | Against | 43.50% |
4/26/23 | Environmental | Domini Impact Investments LLC | Report on Climate Transition Plan Social Impact | Against | 32.00% |