Etsy

New York
Retailing

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Etsy permanently banned a user from its platform who discussed biological scientific opposition to modern-day gender theory. Etsy 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, Etsy 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. Etsy 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. Etsy provides inclusion trainings for its employees. The company supports the Equality Act and has pledged $500,000 to Black Lives Matter and related causes. Etsy opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company is a member of the "Don't Ban Equality" business coalition. Etsy denounced various states’ legislative efforts to protect election integrity and security. The company signed an amicus brief in opposition to the 2016 North Carolina bathroom bill HB2, which required people to use the bathroom of their biological sex. Etsy co-signed a letter to law firms demanding an improvement in diversity in order to retain business with the company. The company’s CEO, Josh Silverman, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. For these reasons, Etsy 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
6/14/23SocialNia Impact CapitalStockholder Proposal - Advisory vote requesting report on the effectiveness of our efforts to prevent harassment and discrimination, if properly presented .Against10.85%

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