Granite Construction - 1792 Exchange

Corporate Bias Rating

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Risk Level:

Lower Risk

Summary:

Granite Construction does not yield to political activism in shaping corporate governance, preventing initiatives that potentially alienate consumers, divide employees, and harm shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Overall, Granite Construction does not embrace corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach protects free exercise, free speech, and free enterprise.

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Criteria

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Rationale

Corporate Weaponization

Criteria

Has canceled customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

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Granite Construction has not publicly canceled customers, suppliers, or vendors based on political views or religious beliefs (1).

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

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Rationale

Granite does not appear to discriminate against charitable organizations based on views or beliefs (1).

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Employment policies fail to protect against viewpoint or other discrimination and/or are ideological in nature.

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Rationale

Granite does not provide viewpoint protections for its employees (1). It also recently integrated DEI and unconscious bias trainings into its leadership training courses (2)(3). The company provides inclusion education and training at all levels of its company to associates (4). The company’s President and CEO Kyle Larkin signed Catalyst’s Champions for Change pledge, indicating its support of DEI in its leadership composition through the establishment of gender and racial targets (5)(6). Granite Construction is a signatory of the Gender & Diversity KPI Alliance, appearing to prioritize diversity over merit in its business structure through the establishment of gender and racial targets for its leadership composition and its support of DEI in its hiring and promotions (7)(8). The company requires all its employees complete training on inclusive diversity (9).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support causes, organizations, or policies hostile to freedom of expression.

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Rationale

Granite supports ESG within its business practices (1). From its sustainability report: “…this report addresses our approach to Environmental, Social, and Governance (ESG) issues” (2). The company’s CEO, Kyle Larkin, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace, strategize on DEI programs/initiatives with other signatories, and engage boards of directors when developing and evaluating DEI strategies (3)(4).

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

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Granite has not used corporate funds to advance ideological causes, organizations, or policies (1).

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Uses corporate political actions and/or financial contributions for ideological, non-business purposes.

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Rationale

Granite Construction has not used its PAC donations for ideological purposes and does not report on its lobbying at this time (1)(2)(3).

Board Bias

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1792 Exchange has not yet compiled data about the board of directors or political contributions of leadership for this company.

Shareholder Proposals

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Date	ESG Category	Proponent	Summary of Resolution	Mgmt Rec	Total Vote % in Favor
6/5/24	Social	As You Sow	Report on the I-80 South Quarry Project	Against	17.87%