FedEx - 1792 Exchange

Corprate Bias Ratings

Risk Level:

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 does not provide viewpoint protections for employees. 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 employees or canceled clients based on their viewpoints.

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 does not protect its employees from 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

FedEX 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 (1)(2).

Criteria

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

Risk Level

Rationale

FedEx supports the Point Foundation, The Trevor Project, the National Gay and Lesbian Chamber of Commerce, and is a corporate partner of the National LGBT Chamber of Commerce (1)(2)(3)(4). FedEx has also supported the National Urban League (5).

Criteria

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

Risk Level

Rationale

FedEx has donated to the Equality PAC (1).

All links were last accessed and all information was updated on:
May 18, 2023

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Voting History

Date	ESG Category	Proponent	Summary of Resolution	Mgmt Rec	Total Vote % in Favor
9/19/22	Social	Int'l Brotherhood of Teamsters	Report on Lobbying Payments and Policy	Against	34.60%
9/19/22	Environmental	United Church Funds	Report on Climate Lobbying	Against	0.00%
9/19/22	Social	Northstar Asset Management	Report on Racism in Corporate Culture	Against	12.10%
9/19/22	Governance	John Chevedden	Independent Board Chair	Against	37.50%
9/19/22	Social	Clean Yield Asset Mgmt.	Report on Alignment of Co. Values & Election Contributions	Against	36.00%