Intuit

Quickbooks, Turbotax, Mailchimp, Credit Karma, TSheets,
California
Accounting Payroll & HR Services, Diversified Financials, Software and Services

Corporate Bias Rating

Expand Summary

Risk Level:

Rating - Danger
High Risk

Summary:

Intuit 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, Intuit increases the risk of dividing employees, alienating customers and harming shareholders. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, marketing, and philanthropic support. Intuit 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. Intuit provides a benefits package for employees which covers travel/lodging costs for an abortion and transgender medical procedures for covered employees and dependents, including children. Its affiliate, Mailchimp, temporarily suspended The Babylon Bee account, which it called a "mistake." Intuit offers unconscious bias training for all its employees. The company was part of the Freedom for All Americans coalition, which advocated for federal legislation that would overrule state laws designed to protect girls' sports and similar laws. Intuit opposed the Florida Parental Rights in Education Act, which would prohibit teaching gender identity and sexual orientation to kids in K-3rd grade. CEO Sasan Goodarzi is a member of the Business Roundtable, which supports stakeholder capitalism over traditional shareholder obligations. Credit Karma, a subsidiary of Intuit, marched with 200 employees in the San Francisco Pride Parade along with senior executives. Intuit opposed various state and local legislation intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. The company opposed legislation in Iowa intended to protect parental rights, girls’ sports, bathroom facilities, and gendered spaces. Intuit’s CEO, Susan Goodarzi, signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. The company has funded Planned Parenthood. Intuit has donated $1 million to the Black Lives Matter movement and related causes. Intuit also funded the Boise Pride event, which featured drag shows with children as young as 11 years old included. Intuit is a Bronze sponsor of Out and Equal and is a corporate partner of the National LGBT Chamber of Commerce. Intuit subsidiary Credit Karma sponsored a brand team to travel to LA for its Pride celebration. The company is a member of the MCCA, indicating its focus on recruiting, retaining, and promoting employees based on race. For these reasons, Intuit receives a High Risk rating.

View Full Corporate Bias Ratings Report

Shareholder Proposals

Expand Summary

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
1/18/24GovernanceAs You SowReport on Retirement Plan Alignment with Climate GoalsAgainst12.64%
Generate Reports
Clear
Toast