Home Depot
Corporate Bias Rating
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Risk Level:
Summary:
Home Depot scored a 45 on the 2023 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with Human Rights Campaign’s controversial demands, Home Depot increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, and philanthropic support. Home Depot forces employees to undergo multiple ideological trainings and uses its corporate funds and political influence to support controversial sex and gender ideologies and organizations. The Home Depot pledged $15 million to BLM and related causes. The company funds 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. For these reasons, The Home Depot receives a High Risk rating.
Board Bias
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CEO of Home Depot
Edward P. "Ted" Decker
Summary:
Headquartered in Atlanta, Georgia, Home Depot is a member of the Fortune 250 operating in the Retailing industry. Edward P. "Ted" Decker and Edward P. "Ted" Decker serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $1,030,885 to Republican causes and $497,188 to Democratic causes. Under their tenure, Home Depot currently holds a 'High Risk' risk rating.
Political Contributions of Leadership:
$1,030,885
$497,188
Republican
Democrat
Shareholder Proposals
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| Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
|---|---|---|---|---|---|
| 5/16/24 | Social | American Family Association | Report on Respecting Workforce Civil Liberties | Against | N/A |
| 5/16/24 | Governance | Domini Impact Equity Fund | Shareholder Proposal Regarding Biodiversity Impact And Dependence Assessment | Against | N/A |
| 5/16/24 | Governance | John Chevedden | Improve Clawback Policy for Unearned Executive Pay | Against | N/A |
| 5/16/24 | Governance | Tara Health Foundation | Political Expenditures Misalignment with Company Values | Against | N/A |
| 5/16/24 | Social | National Center for Public Policy Research | Corporate Giving Report | Against | N/A |
| 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% |
In the News
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BlackRock , State Street , Vanguard , UBS , Blackstone , Morgan Stanley (E-Trade) , Goldman Sachs , Northern Trust , Amazon.com , Walmart , Costco Wholesale , Comcast , Chevron Corporation , Wells Fargo , Home Depot , Apple
Home Depot