Michaels has not publicly terminated business relationships based on political views or religious beliefs. By complying with the HRC’s controversial demands, Michaels increases the risk of dividing employees, alienating customers and harming shareholders. The company covers transgender-related medical costs for its employees and their children. It also uses sex and gender ideology criteria in employee recruitment, vendor selection, and philanthropic support. Michaels uses its corporate funds and political influence to support controversial sex and gender ideologies, organizations, and legislation. Michaels is a bronze partner of PFLAG. The company integrates ESG into its business practices. For these reasons, Michaels receives a Medium Risk rating.