Fastenal

Minnesota
Materials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Fastenal implements ESG principles into all aspects of its business, including potentially vetting vendors for various ESG criteria. The company does not provide its employees with viewpoint protections. However, Fastenal does not use its corporate reputation or funds to advance ideological causes or groups hostile to freedom of expression. Fastenal has not publicly terminated business relationships due to views or beliefs. For these reasons, Fastenal 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

Fastenal has not publicly terminated business arrangements due to political or religious differences. However, the company’s responsible supplier policy incorporates ESG criteria to vet vendors (1).

Criteria

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

Risk Level
N/A
Rationale

Fastenal has not published its charitable giving policy (1).

Criteria

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

Risk Level
Rationale

Fastenal does not provide its employees with protections against viewpoint discrimination (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

Fastenal implements ESG principles in its business practices, including in its vetting process for vendors and suppliers (1). Fastenal promotes DEI through its Diversity and Compliance team which recognizes affirmative action in its hiring process (1).

Criteria

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

Risk Level
Rationale

There are no publicly known cases of Fastenal donating to ideological groups hostile to freedom of expression.

Criteria

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

Risk Level
N/A
Rationale

Fastenal does not operate a PAC at this time (1).

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

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