McKesson

Texas
Health Care Equipment and Services

Corprate Bias Ratings

Risk Level:

Rating - Caution
Medium Risk

McKesson vets vendors according to LGBTQ policies and does not provide its employees with protections against viewpoint discrimination, but 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. McKesson uses its corporate reputation and corporate dollars for ideological purposes. McKesson is a signatory of the Business Roundtable's 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism. However, the company does not discriminate against religious organizations in its charitable giving. McKesson was sued by a former employee, who alleged that she was fired for refusing the coronavirus vaccine on religious grounds, but the company denies this allegation. However, it does not discriminate against religious organizations in its charitable giving and has not used its PAC contributions for ideological purposes. For these reasons, McKesson 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

McKesson was sued by a former company vice president, who claimed that the company fired her for refusing the COVID-19 vaccine on religious grounds (1). However, McKesson has denied the allegation, stating that the employee was fired for other reasons (2). McKesson received a score of 100 on the Corporate Equality Index from the Human Rights Campaign (3). Among other requirements, this means the company has pledged to vet vendors based on LGBTQ policies. It has not canceled clients based on their views or beliefs otherwise.

Criteria

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

Risk Level
Rationale

McKesson focuses its giving on supporting its employees and cancer patients (1). Its employee matching program is limited to “educational institutions, volunteer fire/rescue and emergency response organizations” (2).

Criteria

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

Risk Level
Rationale

McKesson does not provide viewpoint protections (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

McKesson has advocated for the Equality Act, and its public affairs team monitors legislation in conjunction with LGBTQ and ally employees “that could significantly impact the LGBT community” (1)(2). McKesson has signed the CEO Action for Diversity and Inclusion pledge (3). McKesson has integrated ESG practices into its business, including DEI programs and a 2030 carbon neutrality commitment (4). However, Senate Democrats sent a letter to McKesson and other pharmaceutical companies urging them to carry abortion pills, but McKesson has resisted the pressure (5). CEO Brian Tyler is a member of the Business Roundtable and signed its 2019 Statement on the Purpose of Corporation, which promotes stakeholder capitalism over traditional obligations to shareholders and customers (6)(7). McKesson has frequently used its website to promote LGBTQ as one’s “true identity” (8)(9).

Criteria

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

Risk Level
Rationale

McKesson 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). McKesson is a copper sponsor of Out & Equal (3). McKesson is a sponsor of Dallas Pride (4).

Criteria

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

Risk Level
Rationale

McKesson has not used its PAC for ideological purposes (1).

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
7/21/23GovernanceJohn CheveddenRatification of Termination PayAgainst10.80%
5/17/23EnvironmentalAs You SowReport on GHG Emissions FinancingAgainst28.90%
5/17/23SocialDomini Impact Investments LLCReport on Human Rights Risk AssessmentAgainst16.50%
7/22/22GovernanceNYC Comptroller's OfficeAdopt Policy on 10b5-1 PlansAgainst49.34%
7/22/22GovernanceJohn CheveddenSpecial Meetings - Reduce Ownership Req. to 10%Against36.91%
5/19/22SocialAs You SowReport on Efforts to Reduce Greenhouse Gas Emissions Associated with Underwritin, Insuring, and InvestingAgainst72.18%
5/19/22SocialGreen Century Capital ManagementPolicy Restricting Underwriting of New Fossil Fuel SuppliesAgainst19.38%
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