Illinois Tool Works (ITW)

Illinois
Materials

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Illinois Tool Works (ITW) vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, though the company 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. ITW has funded the National Urban League and is a brass sponsor of Out and Equal. For these reasons, ITW receives a Medium 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

ITW received a score of 100 on the Corporate Equality Index. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBT policies (1). There are no known cases of ITW publicly terminating business relationships due to views or beliefs.

Criteria

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

Risk Level
Rationale

All religious organizations were identified as ineligible by ITW for employee matching through Double the Donation (1).

Criteria

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

Risk Level
Rationale

ITW does not provide protections against viewpoint discrimination (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

The company implements ESG practices in all aspects of its business (1).

 

 

Criteria

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

Risk Level
Rationale

ITW raised $300,000 for the National Urban League in 2020 (1)(2). ITW is a brass partner of Out & Equal, an LGBTQ organization (3). ITW 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 (4)(5).

Criteria

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

Risk Level
N/A
Rationale

ITW does not operate a PAC at this time (1).

All links were last accessed and all information was updated on:
October 2, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

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