BorgWarner

Michigan
Materials

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

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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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/26/23GovernanceJohn CheveddenGive the Owners of 10% of Common Stock the Power to Call a Special Shareholder MeetingAgainst43.50%
4/26/23EnvironmentalDomini Impact Investments LLCReport on Climate Transition Plan Social ImpactAgainst32.00%
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