Home Depot

Georgia
Retailing

Corprate Bias Ratings

Risk Level:

Rating - Danger
High Risk

The Home Depot vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but has not publicly terminated business relationships based on views or beliefs. The company covers the cost of "medically necessary transition-related care" for its employees and their children. The company will not match employee donations to religious organizations. The Home Depot pledged $15 million to BLM and related causes. The company funds ideological groups hostile to freedom of expression, including the Human Rights Campaign (HRC) and Rainbow PUSH Coalition. The Home Depot is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. It supports and funds LGBTQ causes and organizations. For these reasons, The Home Depot receives a High 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

The Home Depot received a score of 100 on the Corporate Equality Index from the HRC. Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies (1). The Home Depot has not canceled any clients or fired any employees due to views or beliefs, however.

Criteria

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

Risk Level
Rationale

The Home Depot does not match employee donations to faith-based charities (1).

Criteria

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

Risk Level
Rationale

The Home Depot does not provide viewpoint protections for its 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

Home Depot partners with the Rainbow PUSH coalition and advocates for the Equality Act (1)(2)(3). Home Depot also advertised flyers to its employees about confronting their “white privilege, Christian privilege, heterosexual privilege, able-bodied privilege,” etc. (4). Home Depot has adopted ESG practices, including diversity and climate initiatives (5). CEO Ted Decker is a member of the Business Roundtable and Former CEO Craig Menear signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (6)(7). Home Depot CEO Craig Menear is a signatory of the CEO Action for Diversity and Inclusion (8).

Criteria

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

Risk Level
Rationale

The Home Depot has a perfect score on the HRC’s 2022 Corporate Equality Index. This score indicates the company covers the cost of “medically necessary transition-related care” for its employees and their children (1)(2). The Home Depot pledged $15 million to BLM and related causes and has partnered with the HRC, Rainbow PUSH Coalition, and the National Urban League (3)(4)(5). The company is also a corporate partner of the National LGBT Chamber of Commerce (6).

Criteria

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

Risk Level
Rationale

The Home Depot has donated to the Equality PAC (1)(2).

All links were last accessed and all information was updated on:
November 29, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/18/23GovernanceJohn CheveddenAmend Shareholder Written Consent RightsAgainst37.00%
5/18/23GovernanceTara Health FoundationCreate Analysis of Congruency of Political ContributionsAgainst31.00%
5/18/23GovernanceNational Legal and Policy CenterCreate Independent Chair of the BoardAgainst26.10%
5/18/23GovernanceAmerican Conservative Values ETFCreate a Senior Management Commitment to Avoid Political SpeechAgainst1.70%
5/18/23GovernanceNational Center for Public Policy ResearchRecission of racial equity audit proposal voteAgainst0.90%
5/19/22EnvironmentalGreen Century Capital ManagementReport on Efforts to Eliminate Deforestation in Supply ChainAgainst64.66%
5/19/22SocialSEIU Master TrustOversee and Report on Racial Equity AuditAgainst62.77%
5/19/22SocialTara Health FoundationReport on Congruency of Political Spending with Company Values and PrioritiesAgainst42.60%
5/19/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against38.41%
5/19/22GovernanceNational Legal and Policy CenterRequire Independent Board ChairAgainst23.95%
5/19/22GovernanceNorthstar Asset ManagementReport on Steps to Improve Gender and Racial Equity on the BoardAgainst13.59%

In the News

Generate Reports
Clear
Toast

This website stores cookies on your computer. These cookies are used to collect information about how you interact with our website and allow us to remember you. We use this information in order to improve and customize your browsing experience and for analytics and metrics about our visitors both on this website and other media. To find out more about the cookies we use, see our Privacy Policy.

Accept