FedEx

Tennessee
Transportation

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

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. 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 does not discriminate against religious charities. For these reasons, FedEx 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

FedEx settled a religious discrimination lawsuit in 2012 after firing an employee over his religious beliefs (1)(2). Since then, FedEx has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level
Rationale

FedEx does not permit corporate charitable grants to “individual churches, synagogues, or denominational programs” but does fund other religious organizations in line with its mission (1)(2)(3)(4).

Criteria

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

Risk Level
Rationale

FedEx’s HRC 2023 CEI rating indicates the company forces employees to attend multiple, controversial trainings on gender identity, sexual orientation, transgender issues, and divisive racial ideology. The company provides gender transition guidelines for its employees and a specific benefits guide with a comprehensive explanation of transgender services funded by the company (1)(2). FedEx does not provide viewpoint protections for its employees (3).

Corporate Governance and Public Policy
Criteria

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

Risk Level
Rationale

FedEX’s HRC 2023 CEI rating indicates the company agrees to allow a controversial stakeholder group focused on sexual identity issues to dictate marketing or advertising strategy (1)(2). By doing so, the company risks dividing employees, alienating customers and harming shareholders. The company’s CEO Raj Subramaniam is a member of the Business Roundtable and Former CEO Frederick Smith signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (3)(4).

Criteria

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

Risk Level
Rationale

FedEx’s HRC 2023 CEI rating indicates the company covers transgender related costs for its employees and their children, including paid short-term leave, puberty blockers, cross-sex hormones, chest surgeries, genital surgeries, medical visits and lab monitoring, travel and lodging. Additionally, the company has pledged philanthropic support of at least one organization or event that promotes sex and gender ideology (1)(2). By allowing a political stakeholder group to dictate operations, the company increases health care costs and risks dividing employees, alienating customers and harming shareholders. FedEx supports the Point Foundation, The Trevor Project, the National Gay and Lesbian Chamber of Commerce (3)(4)(5) The company is a corporate partner of the National LGBT Chamber of Commerce and has supported the National Urban League (6)(7).

Criteria

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

Risk Level
Rationale

FedEx’s HRC 2023 CEI rating indicates the company publicly advocated for controversial sex and gender ideology through local, state or federal legislation or initiatives (1)(2). By allowing a political stakeholder group to dictate operations, the company risks dividing employees, alienating customers and harming shareholders. FedEx has donated to the Equality PAC (3).

All links were last accessed and all information was updated on:
January 7, 2024

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
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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