H&M
Corporate Bias Rating
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Risk Level:
Summary:
H&M has not publicly terminated business relationships based on views or beliefs. The company provides a benefits package for employees which covers travel/lodging costs for an abortion. H&M funds multiple LGBTQ organizations and pledged $500,000 to BLM and related causes. The company signed letters opposing Florida's Stop Woke Act. H&M opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company denounced various states’ legislative efforts to protect election integrity and security. However, H&M protects its employees against viewpoint discrimination and does not discriminate against charitable organizations based on views or beliefs. For these reasons, H&M receives a Medium Risk rating.
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/4/23 | Social | People for the Ethical Treatment of Animals | report on slaughter methods used in h&m supply chain | No Recommendation | 0.00% |
| 5/4/23 | Social | Daniel Sommerstein | request board to initiate plan for launching clothing with fairtrade label | No Recommendation | 0.00% |
| 5/4/23 | Social | Fair Action | request company to negotiate with unions and suppliers to establish and manage (i) wage assurance account, (ii) severance claims account, and (iii) administration and enforcement account | No Recommendation | 0.00% |
| 5/4/23 | Social | Fondazione Finanza Etica | request company to disclose exposure to and risks of sourcing gm cotton, and set targets to decrease exposure to gm cotton and increase sourcing of organic cotton | No Recommendation | 0.00% |