Lowe’s
Corporate Bias Rating
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Risk Level:
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.
View Full Corporate Bias Ratings ReportBoard Bias
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CEO of Lowe’s
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.
View Full Board Bias ReportPolitical Contributions of Leadership:
$165,905
$1,027,697
Republican
Democrat
Shareholder Proposals
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Date | ESG Category | Proponent | Summary of Resolution | Mgmt Rec | Total Vote % in Favor |
---|---|---|---|---|---|
4/5/23 | Social | Racial Equity Audit | Against | 42.24% | |
4/5/23 | Social | indigenous peoples rights | Against | 26.67% | |
4/5/23 | Environmental | the circular economy | Against | 10.81% | |
4/5/23 | Environmental | Fossil Fuel Financing Policy | Against | 6.76% | |
4/5/23 | Environmental | advisory vote on environmental policies | Against | 18.76% | |
4/5/23 | Environmental | absolute greenhouse gas reduction goals | Against | 17.17% | |
4/5/23 | Environmental | TCFD Reporting for M&A and Direct Lending | Against | 7.15% | |
5/26/23 | Governance | John Chevedden | Independent Board Chairman | Against | 22.90% |
5/27/22 | Social | Arjuna Capital | Report on Median Gender/Racial Pay Gap | Against | 58.01% |
5/27/22 | Social | Int'l Brotherhood of Teamsters | Report on Risks from Company Vendors that Misclassify Emplyees as Independent Contractors | Against | 35.71% |
5/27/22 | Governance | John Chevedden | Proxy Access Amendments | Against | 32.28% |
5/27/22 | Social | Educational Foundation of America | Report on Risks of State Policies Restricting Reproductive Health Care | Against | 32.21% |
5/27/22 | Social | National Center for Public Policy Research | Civil Rights and Non-Discrimination Audit | Against | 1.95% |
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