Lockheed Martin

Maryland
Capital Goods

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

Lockheed Martin vets vendors according to LGBTQ policies and does not provide viewpoint protections for its employees. However, Lockheed Martin 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. Lockheed Martin is a Silver sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce. Its CEO signed the CEO Action for Diversity & Inclusion pledge. The company is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional shareholder obligations. For these reasons, Lockheed Martin 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

Lockheed Martin received a 100 on the Corporate Equality Index from the Human Rights Campaign. Among other requirements, this means the company has a written policy pledging to vet vendors for LGBTQ policies (1)(2). Lockheed Martin requires suppliers not to discriminate based on sexual orientation (3). However, Lockheed Martin has not publicly fired customers, suppliers, or vendors based on political views or religious beliefs.

Criteria

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

Risk Level
Rationale

Lockheed Martin will not match employee donations to churches or religious organizations (1).

Criteria

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

Risk Level
Rationale

Lockheed Martin does not provide viewpoint protections for its employees (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

Lockheed Martin’s CEO signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace (1). Former CEO Marillyn A. Hewson signed the Business Roundtable’s 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (2).

Criteria

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

Risk Level
Rationale

Lockheed Martin 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 (1)(2). Lockheed Martin is a Silver sponsor of Out and Equal and a corporate partner of the National LGBT Chamber of Commerce (3)(4).

Criteria

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

Risk Level
Rationale

Lockheed Martin has not used its PAC donations for ideological purposes and lobbies in a manner consistent with its business interests (1)(2).

All links were last accessed and all information was updated on:
November 30, 2023

Company reports are intended for educational use only. Full Disclaimer

Voting History

Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/27/23EnvironmentalAs You Sow, on behalf of the Remmer Family Foundation, Inc.Net-zero Targets and Climate Transition PlanningAgainst35.40%
4/27/23GovernanceJohn CheveddenIndependent Board ChairAgainst28.30%
4/27/23SocialSisters Charity of St. ElizabethHuman Rights Impact AssessmentAgainst13.70%
4/21/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against46.64%
4/21/22SocialSisters of Charity of St. ElizabethReport on Human Rights Impact AssessmentAgainst20.20%
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