Lowe’s

Mooresville, North Carolina
Retailing

Corporate Bias Rating

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Risk Level:

Rating - Clear
Lower Risk

Summary:

Lowe’s had a history of giving to groups outside of its business interests and divisive employment policies. However, in August 2024, the company pledged to shift some of its corporate policies and practices away from stakeholder capitalism and back to neutral. Lowe's pledged to stop sponsoring nonbusiness activities, stop engaging with a political activist group, and end divisive employee resource groups. Lowe's also disavowed diversity quotas and affirmed merit-based employment practices. Lowes is considering further changes but has not yet pledged to end ideological trainings or its DEI department. The company’s CEO Marvin Ellison is a member of the Business Roundtable, which supports stakeholder capitalism over traditional shareholder obligations. Marvin Ellison also signed the CEO Action for Diversity & Inclusion pledge, which includes a commitment to promote DEI through bias education training in the workplace. However, Lowe's ignored shareholders proposing that Lowe's should start looking into the costs of providing abortion-related travel benefits to its employees. For these reasons, Lowe's receives a Lower Risk rating.

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Board Bias

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CEO of Lowe’s

Marvin R. Ellison

Marvin R. Ellison

Summary:

Headquartered in Mooresville, North Carolina, Lowe’s is a member of the Fortune 250 operating in the Retailing industry. Marvin R. Ellison and Marvin R. Ellison serve as CEO/President and Chairman, respectively, leading the company’s C-suite executive team and the board of directors. Amongst these teams, the collective leadership is responsible for $165,905 to Republican causes and $1,027,697 to Democratic causes. Under their tenure, Lowe’s currently holds a 'Lower Risk' risk rating.

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Political Contributions of Leadership:

$165,905

$1,027,697

Republican

Democrat

Shareholder Proposals

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Date
ESG Category
Proponent
Summary of ResolutionMgmt RecTotal Vote % in Favor
4/5/23SocialRacial Equity AuditAgainst42.24%
4/5/23Socialindigenous peoples rightsAgainst26.67%
4/5/23Environmentalthe circular economyAgainst10.81%
4/5/23EnvironmentalFossil Fuel Financing PolicyAgainst6.76%
4/5/23Environmentaladvisory vote on environmental policiesAgainst18.76%
4/5/23Environmentalabsolute greenhouse gas reduction goalsAgainst17.17%
4/5/23EnvironmentalTCFD Reporting for M&A and Direct LendingAgainst7.15%
5/26/23GovernanceJohn CheveddenIndependent Board ChairmanAgainst22.90%
5/27/22SocialArjuna CapitalReport on Median Gender/Racial Pay GapAgainst58.01%
5/27/22SocialInt'l Brotherhood of TeamstersReport on Risks from Company Vendors that Misclassify Emplyees as Independent ContractorsAgainst35.71%
5/27/22GovernanceJohn CheveddenProxy Access AmendmentsAgainst32.28%
5/27/22SocialEducational Foundation of AmericaReport on Risks of State Policies Restricting Reproductive Health CareAgainst32.21%
5/27/22SocialNational Center for Public Policy ResearchCivil Rights and Non-Discrimination AuditAgainst1.95%
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