Dine Brands - 1792 Exchange

Corporate Bias Rating

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Risk Level:

Medium Risk

Summary:

Dine Brands often yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes Dine Brands occasionally embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues at times. This approach fails to safeguard free exercise, free speech, and free enterprise.

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Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has canceled 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

Dine Brands has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

Criteria

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

Risk Level

Rationale

Dine Brands does not appear to discriminate against charitable organizations based on views or beliefs (1).

Criteria

Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

Risk Level

Rationale

Dine Brands does not provide viewpoint protections for its employees (1)(2). The company provides Diversity, equity, and inclusion training for its employees (2).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Applebee’s created a special “Social Justice is Served” menu in support of the Black Lives Matter movement (1). Dine Brand’s CEO John Peyton signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (2)(3).

Criteria

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

Risk Level

Rationale

Dine Brands financially supported The Trevor Project during Pride Month; the Trevor Project affirms LGBTQ youth, including with “gender-affirming” care (1)(2)(3). IHOP, a subsidiary of Dine Brands, partnered with Devries Global to celebrate Pride Month by giving free samples, partnering with a drag artist, and donating $10,000 to LGBTQ organizations (4)(5)(6). Otherwise, there are no publicly known cases of Dine Brands using corporate funds to advance ideological causes, organizations, or policies (7).

Criteria

Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

Risk Level

Rationale

Dine Brands does not operate a PAC at this time and has not lobbied for ideological purposes (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.

Shareholder Proposals

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Date	ESG Category	Proponent	Summary of Resolution	Mgmt Rec	Total Vote % in Favor
5/14/24	Social	Humane Society of the U.S.	Stockholder Proposal Regarding Group-Housed Pork	Against	26.54%
5/14/24	Environmental	The Accountability Board	Report Regarding Climate Change Policies and Climate Change Risk Disclosures	Against	39.41%
5/11/23	Environmental	Humane Society of the U.S.	Report on Cage-Free Eggs	Against	8.90%