Illinois Tool Works (ITW)

MTS Systems Corporation
Illinois
Materials

Corporate Bias Rating

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Risk Level:

Rating - Danger
High Risk

Summary:

Illinois Tool Works scored a 100 out of 100 on the 2023-2024 Corporate Equality Index (CEI) from the Human Rights Campaign (HRC), a political stakeholder group. By complying with the HRC’s controversial demands, Illinois Tool Works (ITW), increases the risk of dividing employees, alienating customers and harming shareholders. The company provides a benefits package for employees which covers transgender medical procedures for covered employees and dependents, including children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. ITW forces employees to undergo multiple ideological trainings and uses its reputation, corporate funds, and political influence to support controversial sex and gender ideologies, organizations, and legislation. ITW supports ESG within its business practices. The company’s CEO, E. Scott Santi, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. ITW raised $300,000 for the National Urban League in 2020. The company is a brass partner of Out & Equal, an LGBTQ organization. For these reasons, ITW receives a High Risk rating.

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Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
5/3/24GovernanceJohn CheveddenShareholder Ratification of Termination PayAgainst34.27%
5/5/23GovernanceJohn CheveddenIndependent Board ChairAgainst19.20%
5/6/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against33.91%
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