Illinois Tool Works (ITW)
Corporate Bias Rating
Expand Summary
Risk Level:
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.
View Full Corporate Bias Ratings ReportShareholder Proposals
Expand Summary
Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
5/3/24 | Governance | John Chevedden | Shareholder Ratification of Termination Pay | Against | 34.27% |
5/5/23 | Governance | John Chevedden | Independent Board Chair | Against | 19.20% |
5/6/22 | Governance | John Chevedden | Special Meetings - Reduce Ownership Req. to 10% | Against | 33.91% |