Dow Inc.

Michigan
Materials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Dow Inc. vets vendors according to LGBTQ policies, but 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. Dow does not discriminate against religious organizations in its charitable giving guidelines, but does not provide viewpoint protections for its employees. Dow regularly uses its corporate reputation to push ideological issues such as gender identity. Dow pledged $5 million to BLM and related causes and funds multiple LGBTQ organizations. Dow is also a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. The company has donated to the Equality PAC. For these reasons, Dow Inc. 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

Dow has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs. The company received a score of 100 on the Human Rights Campaign’s (HRC) Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2).

Criteria

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

Risk Level
Rationale

Dow does not discriminate against religious organizations in its charitable giving (1)(2).

Criteria

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

Risk Level
Rationale

Dow 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

Dow has signed public letters in support of the Equality Act and was part of the Freedom for All Americans coalition, which advocated for federal legislation that would overrule state laws designed to protect girls’ sports and similar laws (1)(2). Dow signed an open letter condemning multiple state-level election security laws (3). Dow also signed an open letter opposing a Florida bill that would prevent teaching gender identity and sexual orientation in schools to kids in K-3rd grade (4). The CEO of Dow, Jim Fitterling, is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (5)(6).

Criteria

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

Risk Level
Rationale

Dow 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). Dow pledged $5 million to the Black Lives Matter movement and related causes (3)(4). Dow is a copper sponsor of Out & Equal and a corporate partner of the National LGBT Chamber of Commerce (5)(6).

Criteria

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

Risk Level
Rationale

Dow has donated to the Equality PAC (1)(2).

All links were last accessed and all information was updated on:
November 29, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/13/23EnvironmentalAs You SowReport on Petrochemical RisksAgainst30.20%
4/13/23EnvironmentalAs You SowSingle-Use Plastics ReportAgainst29.90%
4/13/23GovernanceJohn CheveddenRequire Two Seperate People Hold the Offices of Chairman and CEOAgainst26.30%
4/13/23GovernanceJohn CheveddenIndependent Board ChairmanAgainst26.20%
4/14/22GovernanceKenneth SteinerIndependent Board ChairAgainst32.70%
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