Colgate-Palmolive

New York
Household and Personal Products

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Colgate-Palmolive, a household consumer product company, vets vendors according to LGBTQ policies, is part of the Global Alliance for Responsible Media and does not provide its employees with protections against viewpoint discrimination. However, it has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care” for its employees and their children. Colgate-Palmolive supports LGBTQ policies and is a corporate partner of the National LGBT Chamber of Commerce. The company also hosts racial unconscious bias training. However, it does not discriminate against religious organizations in its charitable giving. For these reasons, Colgate-Palmolive 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

Colgate-Palmolive received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (HRC). Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1)(2). Colgate-Palmolive is a member of the Global Alliance for Responsible Media, which aims to demonetize advertisements and suppress content that “vilifies” individuals based on sexual orientation and gender identity, discusses “debated social issues in a negative or partisan context” or spreads “hate speech” (3)(4)(5). However, it has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level
Rationale

Colgate-Palmolive does not discriminate against religious organizations in its charitable giving. It focuses on children’s health, fitness, education, and pet safety initiatives (1).

Criteria

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

Risk Level
Rationale

Colgate-Palmolive 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

Colgate-Palmolive signed onto a 2015 amicus brief supporting Obergefell v. Hodges, legalizing same-sex marriage. The company also supports and volunteers at multiple LGBTQ Pride parades in the United States (1). It also regularly hosts “unconscious bias” training for leaders and employees (2). Colgate-Palmolive has also posted a blog post on its corporate website outlining how it supports LGBTQ causes (3).

Criteria

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

Risk Level
Rationale

Colgate-Palmolive has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). Colgate-Palmolive is a member of the Global Alliance for Responsible Media (3)(4)(5). The company has pledged an undisclosed sum of money to the Black Lives Matter movement and related causes (6)(7). Colgate-Palmolive is a corporate partner of the National LGBT Chamber of Commerce (8).

Criteria

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

Risk Level
N/A
Rationale

Colgate-Palmolive does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
November 28, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
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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