Ecolab Inc.

Minnesota
Capital Goods, Technology Hardware and Equipment

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Ecolab scored a 100 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Ecolab increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Ecolab 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. Ecolab provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. The company integrates ESG into all of its business practices, including executive compensation. The company is a signatory of the Gender & Diversity KPI Alliance and it’s CEO signed Catalyst's Champions for Change pledge. Ecolab supports the Equality Act and is a member of the Civic Alliance, which opposes various state-level election security measures. The company has implemented global unconscious bias training and a 2050 carbon neutrality pledge. The company is a corporate partner of the Human Rights Campaign (HRC) and the National LGBT Chamber of Commerce (NGLCC). Ecolab also donated to the Minnesota Freedom Fund, an organization that posts bail for criminals and is a partner of the Chicago Urban League. The company opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Ecolab denounced various states’ legislative efforts to protect election integrity and security. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Ecolab receives a High Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/4/23GovernanceJohn CheveddenIndependent Board ChairAgainst44.90%
5/5/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against10.09%
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