Colgate-Palmolive

New York, New York
Household and Personal Products

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Colgate-Palmolive scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Colgate-Palmolive increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Colgate-Palmolive forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. Colgate-Palmolive is part of the Global Alliance for Responsible Media and is a corporate partner of the National LGBT Chamber of Commerce (NGLCC). The company provides unconscious bias training for its employees and signed onto a 2015 amicus brief supporting Obergefell v. Hodges, legalizing same-sex marriage. Colgate-Palmolive’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, Colgate-Palmolive receives a High Risk rating.

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Board Bias

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CEO of Colgate-Palmolive

Noel Wallace

Noel Wallace

Summary:

Headquartered in New York, New York, Colgate-Palmolive is a member of the Fortune 250 operating in the Household and Personal Products industry. Noel Wallace and Noel Wallace serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $5,400 to Republican causes and $5,000 to Democratic causes. Under their tenure, Colgate-Palmolive currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$5,400

$5,000

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/10/24GovernanceKenneth SteinerIndependent Board ChairmanAgainst33.83%
5/12/23GovernanceJohn CheveddenRequire Two Seperate People Hold the Offices of Chairman and CEOAgainst34.40%
5/12/23GovernanceKenneth SteinerRequire Excecutives to Retain Significant StockAgainst29.90%
5/6/22GovernanceKenneth SteinerShareholder Ratification of Termination Pay Exceeding 2.99x Base & BonusAgainst43.28%
5/6/22SocialNational Legal and Policy CenterReport on Charitable ContributionsAgainst4.69%
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