FedEx

Memphis, Tennessee
Transportation

Corporate Bias Rating

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Risk Level:

Rating - Caution
Medium Risk

Summary:

Although FedEx fired a manager for living out his religious beliefs in the workplace in 2012, the company has had no further incidents of discrimination for views or beliefs. FedEx scored a 70 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, FedEx increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in marketing and philanthropic support. FedEx 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. The company funds multiple LGBTQ organizations and the National Urban League. FedEx is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. FedEx donated to the Equality PAC but has not lobbied for ideological purposes. For these reasons, FedEx receives a Medium Risk rating.

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Board Bias

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CEO of FedEx

Raj Subramaniam

Raj Subramaniam

Summary:

Headquartered in Memphis, Tennessee, FedEx is a member of the Fortune 250 operating in the Transportation industry. Raj Subramaniam and Frederick W. Smith 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 $738,349 to Republican causes and $491,025 to Democratic causes. Under their tenure, FedEx currently holds a 'Medium Risk' risk rating.

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Political Contributions of Leadership:

$738,349

$491,025

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
9/21/23SocialSisters of St. FrancisPaid Sick Leave Disclosureagainst10.50%
9/21/23SocialInt'l Brotherhood of Teamsters“Just Transition” Reportagainst29.70%
9/21/23SocialSisters of St. FrancisPaid Sick Leave Disclosureagainst10.50%
9/21/23EnvironmentalAs You SowReport on Assessing Systemic Climate Risk from Retirement Plan Optionsagainst7.60%
9/21/23EnvironmentalAs You SowReport on Assessing Systemic Climate Risk from Retirement Plan Optionsagainst7.60%
9/21/23EnvironmentalInt'l Brotherhood of Teamsters“Just Transition” Reportagainst29.70%
9/19/22GovernanceJohn CheveddenIndependent Board ChairAgainst37.50%
9/19/22SocialClean Yield Asset Mgmt.Report on Alignment of Co. Values & Election ContributionsAgainst36.00%
9/19/22SocialInt'l Brotherhood of TeamstersReport on Lobbying Payments and PolicyAgainst34.60%
9/19/22SocialNorthstar Asset ManagementReport on Racism in Corporate CultureAgainst12.10%
9/19/22EnvironmentalUnited Church FundsReport on Climate LobbyingAgainst0.00%
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