FirstEnergy

Ohio
Energy

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

FirstEnergy vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination. FirstEnergy embraces ESG-related goals and principles. The company covers the cost of "medically necessary transition-related care" for its employees and their children. FirstEnergy uses its corporate reputation and funds to advance ideological causes hostile to freedom of expression. However, FirstEnergy has not publicly terminated relationships with vendors or customers due to views or beliefs. For these reasons, FirstEnergy 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

FirstEnergy received a score of 90 from the Corporate Equality Index from the Human Rights Campaign (HRC). Among other requirements, this means that FirstEnergy has a written policy pledging to vet vendors in support of LGBTQ policies (1)(2). FirstEnergy embraces ESG goals and principles, including a goal to achieve net-zero emissions by 2050 (2). First Energy 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

FirstEnergy does not give to any political organizations but will consider religious organizations if “the contribution is earmarked for an eligible program open to all beneficiaries, including those not affiliated with the host organization” (1)(2).

Criteria

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

Risk Level
Rationale

FirstEnergy does not provide viewpoint discrimination protection for employees (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

CEO Steven E. Strah signed the CEO Action for Diversity & Inclusion Pledge (1). FirstEnergy embraces ESG goals and principles (2). FirstEnergy implements DEI goals through its targeted recruitment of racially diverse employees and a goal to be 30% racially and ethnically diverse by 2025. FirstEnergy held a training session for employees about “allyship and microaggressions” (3).

Criteria

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

Risk Level
Rationale

FirstEnergy’s HRC Corporate Equality Index profile indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). FirstEnergy donated $1.14 million to Diversity and Inclusion related grants and sponsorships, including YWCA (3).

Criteria

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

Risk Level
Rationale

First Energy does not use its PAC donations for ideological purposes (1).

All links were last accessed and all information was updated on:
September 21, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/24/23GovernanceJohn CheveddenShareholder Ratification of Excessive Termination PayAgainst6.10%
5/24/23EnvironmentalNational Center for Public Policy ResearchEstablish Committee on Decarbonization RiskAgainst1.50%
5/17/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against37.94%
5/17/22SocialSteven MilloyChild Labor AuditAgainst2.90%
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