Illinois Tool Works (ITW)
Corporate Bias Rating
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Risk Level:
Summary:
Illinois Tool Works scored a 100 on the 2023 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 covers transgender-related medical costs for its employees and their children and provides specific sexual orientation and gender identity-based benefits. 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 has funded the National Urban League and is a brass sponsor of Out and Equal. For these reasons, ITW receives a High Risk rating.
View Full ReportShareholder Proposals
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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 | N/A |
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% |