FedEx
Corporate Bias Rating
Expand Summary
Risk Level:
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 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.
Board Bias
Expand Summary
CEO of FedEx
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.
Political Contributions of Leadership:
$738,349
$491,025
Republican
Democrat
Shareholder Proposals
Expand Summary
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 9/21/23 | Social | Sisters of St. Francis | Paid Sick Leave Disclosure | against | 10.50% |
| 9/21/23 | Social | Int'l Brotherhood of Teamsters | “Just Transition” Report | against | 29.70% |
| 9/21/23 | Social | Sisters of St. Francis | Paid Sick Leave Disclosure | against | 10.50% |
| 9/21/23 | Environmental | As You Sow | Report on Assessing Systemic Climate Risk from Retirement Plan Options | against | 7.60% |
| 9/21/23 | Environmental | As You Sow | Report on Assessing Systemic Climate Risk from Retirement Plan Options | against | 7.60% |
| 9/21/23 | Environmental | Int'l Brotherhood of Teamsters | “Just Transition” Report | against | 29.70% |
| 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% |
| 9/19/22 | Social | Int'l Brotherhood of Teamsters | Report on Lobbying Payments and Policy | Against | 34.60% |
| 9/19/22 | Social | Northstar Asset Management | Report on Racism in Corporate Culture | Against | 12.10% |
| 9/19/22 | Environmental | United Church Funds | Report on Climate Lobbying | Against | 0.00% |