Dow

Dow Chemical Company
Midland, Michigan
Materials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Dow Inc. 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, Dow 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. Dow 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. Dow’s Chair and CEO signed Catalyst's Champions for Change pledge. The company is also a signatory of the Business Roundtable's 2019 Statement on the Purpose of a Corporation, which promotes stakeholder capitalism. Dow signed an amicus brief in opposition to the 2016 North Carolina bathroom bill HB2 and is a bronze partner of PFLAG. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Dow denounced various states’ legislative efforts to protect election integrity and security. The company is a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions. Dow’s CEO, Jim Fitterling, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company pledged $5 million to BLM and related causes and funds multiple LGBTQ organizations. Dow has donated to the Equality pac and lobbied for the Eqaulity Act. For these reasons, Dow Inc. receives a High Risk rating.

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Board Bias

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CEO of Dow

Jim Fitterling

Jim Fitterling

Summary:

Headquartered in Midland, Michigan, Dow is a member of the Fortune 250 operating in the Materials industry. Jim Fitterling and Jim Fitterling 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 $409,800 to Republican causes and $142,000 to Democratic causes. Under their tenure, Dow currently holds a 'High Risk' risk rating.

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Political Contributions of Leadership:

$409,800

$142,000

Republican

Democrat

Shareholder Proposals

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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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