Duke Energy

Progress Energy, Cinergy
North Carolina
Energy

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Duke Energy vets vendors for LGBTQ policies and does not provide viewpoint protections for its employees. 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 and supports the Equality Act. Duke Energy is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. Its CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. However, it has not used its political contributions for ideological purposes. For these reasons, Duke Energy 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

Duke Energy has not publicly terminated business relationships due to religious beliefs or political views. The company received a score of 100 on the Corporate Equality Index. Among other requirements, this means Duke Energy has pledged to vet vendors based on 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

Duke Energy’s gift-matching program does not discriminate against religious organizations (1). However, Duke Energy’s charitable grant program prohibits grants to “religious or evangelical organizations” (2).

Criteria

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

Risk Level
Rationale

Duke Energy does not protect its employees from viewpoint discrimination (1). Progress Energy does not provide viewpoint protections for its employees (2).

Corporate Governance and Public Policy
Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level
Rationale

Duke Energy was a corporate sponsor of a “compromise bill” that would replace North Carolina’s 2015 HB 2 “bathroom bill” (1). Duke Energy signed a public letter in support of the Equality Act (2). Its CEO Lynn Good 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 (3)(4). She also signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (5).

Criteria

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

Risk Level
Rationale

Duke Energy 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). Duke Energy pledged over $1 million to the Black Lives Matter movement and related causes (3)(4).

Criteria

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

Risk Level
Rationale

Duke Energy has not used its PAC donations or lobbying for ideological purposes (1)(2).

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
5/4/23GovernanceJohn CheveddenAdopt Simple Majority VoteNo Recommendation79.00%
5/4/23GovernanceJohn CheveddenSimple Majority VoteNo Recommendation73.40%
5/4/23EnvironmentalNational Center for Public PolicyEstablish Board Decarbonization Risk CommitteeAgainst2.90%
5/4/23EnvironmentalThe National Center for Public Policy ResearchFormation of Committee to Evaluate Decarbonization RiskAgainst2.80%
5/5/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against36.19%
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