Home Depot
Corprate Bias Ratings
Risk Level:
Summary:
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.
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.
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.
Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.
The Home Depot does not match employee donations to faith-based charities (1).
Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.
The Home Depot does not provide viewpoint protections for its employees (1).
Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.
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).
Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.
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).
All links were last accessed and all information was updated on:
November 29, 2023
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Voting History
| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/18/23 | Governance | John Chevedden | Amend Shareholder Written Consent Rights | Against | 37.00% |
| 5/18/23 | Governance | Tara Health Foundation | Create Analysis of Congruency of Political Contributions | Against | 31.00% |
| 5/18/23 | Governance | National Legal and Policy Center | Create Independent Chair of the Board | Against | 26.10% |
| 5/18/23 | Governance | American Conservative Values ETF | Create a Senior Management Commitment to Avoid Political Speech | Against | 1.70% |
| 5/18/23 | Governance | National Center for Public Policy Research | Recission of racial equity audit proposal vote | Against | 0.90% |
| 5/19/22 | Environmental | Green Century Capital Management | Report on Efforts to Eliminate Deforestation in Supply Chain | Against | 64.66% |
| 5/19/22 | Social | SEIU Master Trust | Oversee and Report on Racial Equity Audit | Against | 62.77% |
| 5/19/22 | Social | Tara Health Foundation | Report on Congruency of Political Spending with Company Values and Priorities | Against | 42.60% |
| 5/19/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 38.41% |
| 5/19/22 | Governance | National Legal and Policy Center | Require Independent Board Chair | Against | 23.95% |
| 5/19/22 | Governance | Northstar Asset Management | Report on Steps to Improve Gender and Racial Equity on the Board | Against | 13.59% |
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