Nestlé

Industries Food Beverage and Tobacco
Subsidiaries Purina, Gerber, Nespresso, San Pellegrino, Perrier, Essentia, DiGiorno, Freshly, Hot Pockets, Nestlé Health Science, Seattle's Best Coffee, Kit Kat, Nestlé Purina, California Pizza Kitchen, Sweet Earth, Vital Proteins
Location Switzerland
(Along with 25 other companies)

Nestlé is High Risk. The company yields to political activism in shaping corporate governance, potentially alienating consumers, dividing employees, and harming shareholders. The company implements race and identity-based policies that replace merit, excellence, and integrity with preferential treatment and outcomes. Nestlé embraces corporate initiatives that redirect its central focus from business goals to partisan policies and divisive issues. This approach fails to safeguard free exercise, free speech, and free enterprise.

Risk Rating: High

Rating Criteria

Corporate Weaponization Risk Levels
Criteria Risk Level
Cancellations Medium Risk
Discriminatory Philanthropy High Risk
Employment Protection High Risk

Corporate Weaponization ⓘ

Corporate Governance and Public Policy Risk Levels
Criteria Risk Level
Advocacy Bias High Risk
Funding High Risk
Political Actions High Risk

Corporate Governance and Public Policy ⓘ

View Full Corporate Bias Ratings

Latest Content

Insights

New Heritage Report Highlights Risks of Corporate Alignment With the Human Rights Campaign

October 30, 2026

Last week, The Heritage Foundation released a very important report detailing the risks companies face from affiliating with the Human Rights Campaign (HRC) and its Corporate Equality Index (CEI). The report provides valuable insight into the scope of HRC’s influence on corporate America and the organizations pushing back against it. Any institution concerned about the growing influence of modern gender ideology should familiarize itself with these findings. In short, the CEI pressures companies to incorporate gender ideology into nearly every aspect of corporate governance, including employee healthcare benefits, charitable giving, and marketing. Its influence likely contributed to the controversial Bud Light and Target marketing decisions in 2023. Fortune 500 CEI participation dropped 65% this year, marking its first significant decline. However, according to Inspire Investing and the 1792 Exchange, there are still 242 publicly traded companies with a Verified 100 on the 2026 CEI, indicating coverage of transgender medical interventions for minors. Furthermore, 40 companies remain corporate partners of the HRC, including T-Mobile. This raises questions about T-Mobile’s pledge last year to the Federal Communications Commission that its approach to external organizations is “driven by [its] desire to advance [its] core business objectives.” Another corporate partner is Dell Technologies, which …

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Insights

Berkeley set out to defend DEI — and found no financial upside

Op-Ed October 24, 2026

A new study meant to reassure corporations about diversity, equity, and inclusion programs has delivered an awkward finding for DEI advocates: Keeping the programs produced no measurable financial advantage over abandoning them. Researchers at the University of California in Berkeley compared S&P 500 companies that maintained DEI after President Trump’s January 2025 executive order with companies that scaled back their commitments. Firms that kept their programs performed about as well in stock returns and revenue as those that retreated. The authors and sympathetic news coverage emphasized the other half of that result: Companies could keep DEI without suffering a significant financial penalty. CBS News framed the finding that way, as did a subsequent Forbes analysis. But the conclusion cuts both ways. If companies paid no price for keeping DEI, they also paid no price for dropping it. For investors, that raises a straightforward question: Where is the financial return from DEI? The full article can be read in The Blaze.

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Insights

How Companies Have Responded to the SPLC

October 22, 2026

Growing scrutiny of the Southern Poverty Law Center has sparked a broader conversation about how its “Hate List” is being used to blacklist mainstream advocacy organizations, particularly Christian and conservative nonprofits, from corporate charitable giving programs. This occurs most notably through Benevity who is used by hundreds of the Fortune 1000 companies. Below, we track how companies are responding to the public call to distance themselves from the SPLC and to stop using its designations as a filter in corporate giving. 9 Publicly removed the SPLC filter 5 Confirmed no politicized filters 5 Distanced themselves from the SPLC 2 Dodged or downplayed the filter 238 Have not addressed the SPLC filter 9 Publicly removed the SPLC filter BlackRock IWP Capital Salesforce Bowyer Research (Substack) Mastercard Bowyer Research (Substack) Texas Instruments Bowyer Research (Substack) AT&T Bowyer Research (Substack) NVIDIA Daily Signal Microsoft Daily Signal American Express Inspire Investing DoorDash Daily Signal 5 Confirmed they do not use politicized hate-group filters for charitable eligibility Meta Bowyer Research (Substack) Morgan Stanley Bowyer Research (Substack) Citi Citi Foundation statement McDonald’s Inspire Investing Philip Morris Bowyer Research (Substack) 5 Publicly distanced themselves from the SPLC Reported together in a single account of tech companies stepping …

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Press Release

1792 Exchange Marks One Year of Success in Campaign to End Corporate Reliance on SPLC’s “Hate List”

October 22, 2026

Following a year of research, corporate engagement, coalition building, and public accountability, major corporations have started to abandon SPLC-based charitable gift matching restrictions, charitable-giving processors have changed their practices, and hundreds of companies have faced calls for reform.  October 17 marks one year of 1792 Exchange’s campaign to end corporate reliance on the Southern Poverty Law Center’s (SPLC) controversial “Hate List” to determine which nonprofit organizations are eligible for employee charitable giving and corporate matching programs.  Working alongside Bowyer Research, Inspire Investing, The Heritage Foundation, Alliance Defending Freedom, and other coalition partners, 1792 Exchange has helped secure meaningful policy changes at major American corporations, raised national awareness of discriminatory charitable-giving practices, and pressed major charitable giving processors and hundreds of companies to review their reliance on the SPLC’s “Hate List” data.  The campaign began with original research by 1792 Exchange into Benevity, one of the nation’s largest corporate charitable-giving platforms, which processes billions of dollars in donations annually. The research helped uncover how Benevity uses SPLC designations to exclude mainstream conservative, Christian, pro-family, and other advocacy organizations from corporate charitable gift matching programs, often without employees or corporate leadership understanding the criteria behind those restrictions.  1792 Exchange identified more than 200 Fortune …

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Insights

Corporate Gender Ideology Has Borders After All

Op-Ed October 20, 2026

“Pride has no borders.” That was the slogan. Then the map showed up. In June 2022, Amazon told American consumers it was going to “Pride Out Loud.” The same month, Amazon.ae hid more than 150 search terms in the United Arab Emirates (UAE) — among them “LGBTQ,” “Pride,” and “transgender flag.” Even so, the company said it remained committed to the cause. The usual defense writes itself: different markets, different audiences, different campaigns. That is what the marketing department says when it wants credit for a conviction it can’t carry through customs. Ordinary localization changes a menu, clothing colors, or a commercial. The difference is that these companies are changing the moral script they demand that American employees, customers and shareholders treat as non-negotiable. In the U.S. the script is a cause. In the Gulf, it is a liability. A cause you will not own anywhere on the map is not a cause. It is a costume. The pattern is not subtle. And Amazon is not a one-off. The full article can be read in Daily Caller.

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Insights

Dustin DeVito on Timcast IRL: Benevity, the SPLC and the American Company

Podcast October 20, 2026

Dustin DeVito, 1792 Exchange’s Director of Research, joined Timcast IRL to discuss his Washington Post piece on the political screen inside corporate gift matching. He explained how Benevity, the platform behind many corporate gift-match programs, relied on the Southern Poverty Law Center’s hate list, what happened to the archived evidence after the piece ran, and how companies are responding. He also covered the origin of the 1792 name and the launch of the American Company. The hate list behind your company’s gift matchDeVito describes how companies exposed in 2024 pledged to stop funding controversial non-business causes. Our Back to Business Tracker followed through on those pledges, and companies like Walmart and Lowe’s shifted to six-figure grants for hurricane relief in North Carolina. The hate list behind your company’s gift match DeVito explains how more than 200 Fortune 1000 companies use Benevity to vet the charities they match. Benevity’s internal vetting document shows its list builds on the SPLC’s hate list, which includes Turning Point USA, Alliance Defending Freedom, Focus on the Family, Do No Harm and Moms for Liberty. The SPLC’s credibility problemDeVito explains that the SPLC, now under federal indictment, is accused of funding the extremist groups it claims to counter. He points to the 2012 shooting at the …

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